The economy has posted annual growth of 1.7 per cent, up from a revised 1.6 per cent according to numbers out on Wednesday.
The lift in growth supports the Reserve Bank's assessment that the economy has passed a “gentle turning point" and that a further 0.25 percentage point interest rate cut was not yet warranted.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
