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Australia's economy grew strongly in the three months to June, but it was business owners who benefited more than workers

Australia's economy grew strongly in the three months to June, but it was business owners who benefited more than workers.

Key points:

* GDP grew 0.9 per cent in the quarter and 3.6 per cent through the year.

* Increased spending on travel and hospitality drove much of the gain, along with the mining boom.

* The share of national income going to workers has fallen to a record low while profits hit a record high.

National output, as measured by gross domestic product (GDP), grew 0.9 per cent in the June quarter and 3.6 per cent through the year, according to the Australian Bureau of Statistics.

Moira Linton's Melbourne-based demolition business was one of those that benefited from the increase in activity, even though the construction sector was one of the few to decline.

"Business was crazy, we had so many jobs booked in ready to go," she told The Business.

 

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