The latest GDP data revealed a 1.8 per cent growth for the year to June, surpassing forecasts from the Reserve Bank of 1.6 per cent.
Reserve Bank governor Michele Bullock appeared to put a dampener on the prospect of an interest rate cut later in September when the bank's board will next meet.
While Ms Bullock conceded it was early to determine the full impact of the GDP decision, it could affect the timing of rate calls.
"It does mean it's possible that if it keeps going, then there may not be many interest rate declines left to come," she said at an event in Perth on Wednesday.
Despite the figures, analysts expect a lowering of rates in the near term.
NAB senior economist Taylor Nugent said two more cuts were on the cards.
"NAB continues to expect the RBA to ease policy in November and February as it moves policy to a broadly neutral stance of 3.1 per cent," he said.
"Policy normalisation is now reasonably well progressed and GDP data will increase the RBA's confidence consumption will be a support for growth."
Tuesday will see a pair of consumer and business confidence surveys give further insight to the state of the economy.
NAB will release its business survey while Westpac will put out its consumer sentiment index.
The August business figures in the NAB survey come after business confidence rose to levels not seen since 2022, while the last consumer sentiment index was at a three-and-a-half year high.
Tuesday will also have the release of monthly business turnover data from the Australian Bureau of Statistics for July.
The figures come after business turnover inched up just 0.1 per cent from the previous month.
Investors on Wall Street are meanwhile weighing economic worries against optimism over interest rate cuts after data showing showing US job growth weakened sharply in August.
Bank shares were among those taking the biggest hit on US indices on Friday, with the S&P bank index ending 2.4 per cent lower.
The Dow Jones Industrial Average tumbled 220.43 points, or 0.48 per cent, to 45,400.86, the S&P 500 lost 20.58 points, or 0.32 per cent, to 6,481.50 and the Nasdaq Composite dropped 7.31 points, or 0.03 per cent, to 21,700.39.
Australian share futures fell 15 points, or 0.16 per cent, to 8,363.
The S&P/ASX200 rose 44.7 points, or 0.51 per cent, to 8,871.2, on Friday, as the broader All Ordinaries gained 49.1 points, or 0.54 per cent, to 9,140.5.
