The Australian economy released the gross domestic product for the second quarter, where the actual reading showed a growth of 1.2% compare to the expected reading of 1.0%, while the previous reading has been revised to show a contraction of 0.9% from - 1.2%.

As for the annual reading during the second quarter it showed a growth of 1.4% from the previous 1.0%, while the expectations refer to 0.7%.