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Australia government consumption spending flat in Q4
February 28, 2017 / 12:38 AM / 8 months ago

Australia government consumption spending flat in Q4

SYDNEY, Feb 28 (Reuters) - Australian government spending for consumption was roughly unchanged in the fourth quarter at an inflation-adjusted A$77.99 billion ($59.84 billion), the Australian Bureau of Statistics reported on Tuesday.

Investment spending by the government and public enterprises rose 7.7 percent to A$20.24 billion, implying total spending likely made a small addition to economic growth.

The data will feed into the gross domestic product (GDP) report for the fourth quarter due on Wednesday. ($1 = 1.3033 Australian dollars) (Reporting by Wayne Cole; Editing by Shri Navaratnam)

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