5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2017   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

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

Final consumption expenditure
General government
0.8
3.3
0.2
0.2
2.4
-
Households
0.4
2.2
0.3
0.1
2.2
0.1
Gross fixed capital formation
Private
Dwellings
-1.4
-3.9
-0.1
-1.0
-2.3
-0.1
Ownership transfer costs
0.4
7.8
-
-3.9
5.6
-0.1
Non-dwelling construction
2.3
6.6
0.1
18.4
12.9
0.9
Machinery and equipment
1.4
1.9
0.1
1.9
2.6
0.1
Cultivated biological resources
-0.4
17.9
-
-3.2
14.7
-
Intellectual property products
1.0
5.9
-
0.1
4.8
-
Public
1.5
10.9
0.1
-7.5
12.2
-0.4
Changes in inventories
na
na
na
na
na
0.2
Gross national expenditure
0.5
2.6
0.5
0.7
3.0
0.8
Exports of goods and services
1.5
5.2
0.3
1.9
6.4
0.4
Imports of goods and services
1.3
7.3
-0.3
1.9
7.7
-0.4
Statistical discrepancy (E)
na
na
0.1
na
na
-0.1
Gross domestic product
0.6
2.4
0.6
0.6
2.8
0.6

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



SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.1% in seasonally adjusted terms. This was driven by rises in insurance and financial services (1.3%), rent and other dwelling services (0.6%), and food (1.0%). There were falls in health (-1.0%), hotels cafes and restaurants (-0.9%), and recreation and culture (-0.6%). Government final consumption expenditure increased 0.2% in seasonally adjusted terms. State and local government consumption grew 0.4%, while national government consumption contracted by 0.1%.

Gross fixed capital formation
  • Gross fixed capital formation increased 1.8% in seasonally adjusted terms. Public investment decreased 7.5% during the quarter driven by state and local general government (-15.4%). This was driven by the acquisition of the Royal Adelaide Hospital from the private sector last quarter. Private investment increased 4.5% and was driven by non-dwelling construction (18.4%) and to a lesser extent, machinery and equipment (1.9%). Partially offsetting the rise was dwellings, which fell 1.0%. Total gross fixed capital formation contributed 0.4 percentage points to GDP growth during the quarter.

Changes in inventories
  • Total inventories increased $506m in seasonally adjusted terms following a decrease of $273m last quarter. The increase was driven by a build up in Manufacturing inventories, the second consecutive quarterly increase and the largest since September quarter 2010. Offsetting the increase was a decrease in Mining inventories. The change in inventories contributed 0.2 percentage points to GDP growth this quarter.

Exports and imports of goods and services
  • Exports of goods and services rose 1.9% in seasonally adjusted terms. Seasonally adjusted exports of goods rose 2.1%, with non-rural exports up 2.7% and rural exports up 3.4%. Exports of services rose 1.5%.
  • Imports of goods and services also rose 1.9% in seasonally adjusted terms. Seasonally adjusted imports of goods rose 1.8% driven by a rise in capital goods (6.6%). Imports of services were up 2.2%.