• Australia’s economy surprisingly slowed sharply in the three months through September as consumers hunkered down in the face of rising borrowing costs while exports detracted from growth.
• Gross domestic product advanced 0.2% from the prior quarter, slower than economists’ estimate of a 0.5% gain, Australian Bureau of Statistics data showed Wednesday. From a year earlier, the economy grew 2.1% from a downwardly revised 2%.
• The Australian dollar and government bond yields were little changed.