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Australian economy grows 0.4% in Q2 2026, beating forecasts

  • The Australian economy expanded 0.4% quarter on quarter in Q2 2026.
  • 0.4% growth exceeded the 0.3% market estimate and followed Q1’s 0.3% expansion.
  • Mining exports strengthened as mining inventories were drawn down, while imports increased.

Australia’s economy expanded 0.4% quarter on quarter in Q2 2026, exceeding the 0.3% market estimate and accelerating from Q1’s 0.3% growth, the slowest increase in a year. Activity was supported by parts of private demand, which was partly supplied through higher imports, while stronger mining exports were partly enabled by reductions in mining inventories.

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