CANBERRA, ACT, Dec. 3 -- The Treasurer of Australia issued the following media release:

Today's National Accounts show an uptick in annual economic growth and a stronger and broader private sector recovery.

Growth in the private sector is picking up pace, powered by the strongest growth in private investment in almost fiveyears.

The biggest story in the National Accounts is the very strong growth in business investment and investment in homes.

This is a positive and promising result and shows we've made a lot of progress together in our economy.

Australia's economy grew 0.4percent in the September quarter, to be 2.1percent higher through the year.

In annual terms, this was the fastest growth in twoyears.

Growth and private sector act...