The Australian economy grew 0.3% in seasonally adjusted chain volume measures during the March quarter of 2026, adding 2.5% over the 12‑month period. Gross domestic product in nominal terms rose 0.6%. Growth was supported mainly by private investment, especially machinery and equipment, and by household consumption. Household consumption increased 0.5%, while household saving to income ratio fell to 6.2% from 7.0%. The rise in business investment was partly offset by a large import of capital goods, which contributed to a 0.8‑percentage‑point net trade detractor. Exports fell 1.1% and imports rose 2.1%. During the same quarter, the terms of trade improved by 1.1%. The overall rise in domestic price levels was reflected in a 0.3% increase in the GDP implicit price deflator.
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