monthly economic and interest rate update november 2006 enhancing financial outcomes for the state page 1 australian economy gdp growth slowed in september quarter gross domestic product grew by 0 3 line with tcv s forecast marginally lower than market 4 quarterly was lowest since june 2003 yearly remained at 2 because of an upward revision to which went from 5 final demand dfd rose only smallest rise static result march this pulled down 9 expenditure side led public consumption increased on back significantly higher defence private household 7 but business investment fell dwelling 6 first fall imports four quarters increase exports resulted net contributing a percentage point