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Australia government spending dips 0.2 pct in Q3

Published 06/12/2016, 11:35 am
Updated 06/12/2016, 11:40 am
© Reuters. Australia government spending dips 0.2 pct in Q3

SYDNEY, Dec 6 (Reuters) - Australian government spending for consumption dipped 0.2 percent in the third quarter to an inflation-adjusted A$77.64 billion ($58 billion), the Australian Bureau of Statistics reported on Tuesday.

Investment spending by the government and public enterprises fell 10.4 percent to A$18.78 billion, implying total spending was likely a small drag on economic growth.

The data will feed into the gross domestic product (GDP) report for the third quarter due on Wednesday.

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