The construction sector contributed largely to the growth of the Australian economy during the June quarter.

The Australian Bureau of Statistics (ABS) reports a 3.3 percent increase in the Gross Domestic Product (GDP) through the year until June. The latest ABS figures, in seasonally adjusted volume terms, also shows a 1.2 percent growth in the GDP during the second quarter.

Based on the report, the construction sector contributed the largest increase during the June quarter. The sector posted a 4.9 percent growth in seasonally adjusted terms. Mining gave a 1.5 percent increase, while the professional, scientific, and technical services shared a 2.3 percent increase.

The report shows a 4.0 percent increase in the real gross domestic income in seasonally adjusted terms. The figure is the largest quarterly growth in gross domestic income since March 1973. Moreover, the increase in gross domestic income also shows an increase of 12.5 percent in the terms of trade.

The annual GDP growth is higher than the 2.7 percent pace in the first quarter of 2010. According to Commonwealth Bank chief economist Michael Blythe, the ABS report “highlights just how different the Australian economy is from the rest of the world.”

The chief economist sees an increase in private sector participation in efforts to revive the Australian economy.