THE LATEST READING OF ECONOMIC GROWTH HAS BEATEN EXPECTATIONS

OFFICIAL FIGURES  SHOW G-D-P GREW BY POINT-SIX PER CENT IN THE THREE MONTHS TO THE END OF JUNE.

THE RESULT TAKES THE ANNUAL GROWTH RATE TO TWO-POINT-SIX PER CENT.

THAT'S WELL BELOW THE THREE PER CENT AVERAGE ANNUAL GROWTH RATE OF THE AUSTRALIAN ECONOMY

 

THE  AUSTRALIAN DOLLAR .....JUMPED HALF A CENT AGAINST THE GREENBACK ...AS INVESTORS BET THE GROWTH FIGURES MEAN  LESS CHANCE OF MORE RATE CUTS

ITS BUYING 90-POINT

SIGNS  - THE US CONGRESS WILL BACK MILITARY ACTION IN SYRIA  - IS WEIGHING DOWN THE AUSTRALIAN SHAREMARKET

THE ALL ORDS IS DOWN POINT-SIX PER CENT

THE ASX 200 INDEX

IT'S MIXED ACROSS THE REGION....

JAPAN'S NIKK-AY HAS REVERSED EARLIER LOSSES TO CLOSE HALF A PER CENT HIGHER

SPOT GOLD PRICES IN ASIA

WEST TEXAS CRUDE

 

GROWTH IN NEW CAR SALES SLOWED LAST MONTH,....AND THE INDUSTRY IS BLAMING THE FEDERAL GOVERNMENT'S CHANGES TO FRINGE BENEFITS TAX FOR THE RESULT.

THE FEDERAL CHAMBER OF AUTOMOTIVE INDUSTRIES SAYS 93-THOUSAND-336 VEHICLES WERE SOLD IN AUGUST.

THAT'S UP NEARLY THREE PER CENT ON THE MONTH BEFORE

BUT IT'S DOWN.... a fifth of a PER CENT COMPARED WITH THE SAME TIME LAST YEAR.