Manufacturing output , however , dived another 0.8 per cent quarter on quarter ( the sixth decline in the last eight quarters ) '' , noted Mr Walters . Australia 's resource - rich economy expanded at twice the rate expected by analysts . Gross domestic product advanced 1.3 % from the previous year . Was the fastest acceleration in economic growth in five years .
Australia 's resource - rich economy expanded at twice the rate expected by analysts . Gross domestic product advanced 1.3 % from the previous year . Was the fastest acceleration in economic growth in five years .