Economy yet to shake malaise as growth misses forecasts

Australians are building up savings and paying down their mortgages rather than spending. (Darren England/AAP PHOTOS)

Australia's economy is still growing - but only just - though economists are unconvinced the weaker-than-expected data will bring forward keenly-anticipated interest rate cuts. 

Full-year growth fell to 0.8 per cent in September, down from one per cent in June and below the 1.1 per cent consensus forecast.