5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2017   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change
Mar 17 to Jun 17
% change
Jun 16 to Jun 17
% points contributions
to growth in GDP
Mar 17 to Jun 17
% change
Mar 17 to Jun 17
% change
Jun 16 to Jun 17
% points contributions
to growth in GDP
Mar 17 to Jun 17

Final consumption expenditure
General government
0.8
2.7
0.2
1.2
2.7
0.2
Households
0.7
2.6
0.4
0.7
2.6
0.4
Gross fixed capital formation
Private
Dwellings
-1.1
-2.3
-0.1
0.2
-2.5
-
Ownership transfer costs
3.5
9.1
0.1
1.3
4.7
-
Non-dwelling construction
1.1
-2.1
0.1
-7.7
-8.3
-0.4
Machinery and equipment
0.3
-0.2
-
2.9
0.9
0.1
Cultivated biological resources
4.1
31.3
-
3.0
29.1
-
Intellectual property products
1.8
7.2
-
2.2
7.9
0.1
Public
3.2
10.8
0.2
11.9
14.7
0.6
Changes in inventories
na
na
na
na
na
-0.6
Gross national expenditure
0.8
2.6
0.8
0.4
2.1
0.4
Exports of goods and services
0.6
3.6
0.1
2.7
4.3
0.6
Imports of goods and services
1.6
7.0
-0.3
1.2
6.5
-0.2
Statistical discrepancy (E)
na
na
0.1
na
na
0.1
Gross domestic product
0.7
2.1
0.7
0.8
1.8
0.8

- nil or rounded to zero (including null cells)
na not available



JUNE QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.7% in seasonally adjusted terms. This was driven by rises in food (1.5%), insurance and other financial services (1.3%) and rent and other dwelling services (0.5%). Partially offsetting the rise were electricity, gas and other fuels ( -3.7%) and purchases of vehicles (-1.1%). Government final consumption expenditure increased 1.2% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation increased 1.5% in seasonally adjusted terms. Public investment increased 11.9% during the quarter driven by state and local general government (25.5%). This included the acquisition of the recently completed Royal Adelaide Hospital from the private sector. Private investment decreased 1.1% and was driven by non-dwelling construction (-7.7%). Partially offsetting the fall was machinery and equipment (2.9%). Total gross fixed capital formation contributed 0.4 percentage points to GDP growth during the quarter.

Changes in inventories
  • Total inventories decreased $419m in seasonally adjusted terms following an increase of $1,928m last quarter. The decrease was driven by a rundown in Wholesale Trade inventories, the largest since June 2010, as grain wholesalers run down stock following the strong grain harvest this year. Offsetting the decrease was an increase in Manufacturing inventories. The change in inventories detracted 0.6 percentage points from GDP growth this quarter.

Exports and imports of goods and services
  • Exports of goods and services rose 2.7% in seasonally adjusted terms. Seasonally adjusted exports of goods rose 3.1%, with non-rural exports up 3.5% and rural exports down 0.9%. Exports of services rose 1.4%.
  • Imports of goods and services rose 1.2% in seasonally adjusted terms. Seasonally adjusted imports of goods rose 1.4% driven by a rise in capital goods (2.8%). Imports of services were up 0.5%.