5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2017   
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MAIN FEATURES PRODUCTION CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change
Sep 16
to Dec 16
% change Dec 15 to Dec 16
% points contributions to growth in GDP Sep 16 to Dec 16
% change
Sep 16
to Dec 16
% change Dec 15 to Dec 16
% points contributions to growth in GDP Sep 16 to Dec 16

Agriculture, forestry and fishing
7.4
20.4
0.2
8.3
23.7
0.2
Mining
-
1.3
-
3.4
4.6
0.2
Manufacturing
-0.5
-1.8
-
-1.2
-1.9
-0.1
Electricity, gas, water and waste services
-0.2
-0.5
-
-0.2
-1.0
-
Construction
-2.1
-5.8
-0.2
-1.2
-5.7
-0.1
Wholesale trade
2.2
7.1
0.1
3.0
7.5
0.1
Retail trade
-
0.8
-
0.6
1.2
-
Accommodation and food services
-0.2
1.6
-
-2.0
1.3
-
Transport, postal and warehousing
0.4
0.8
-
0.4
1.1
-
Information media and telecommunications
1.2
3.6
-
1.7
2.9
-
Financial and insurance services
0.7
4.1
0.1
0.7
4.3
0.1
Rental, hiring and real estate services
-0.1
1.2
-
2.2
1.4
0.1
Professional, scientific and technical services
1.7
6.3
0.1
2.4
7.2
0.2
Administrative and support services
-1.1
-1.5
-
-2.5
-2.0
-0.1
Public administration and safety
0.3
3.1
-
1.2
3.9
0.1
Education and training
0.4
2.0
-
0.4
2.1
-
Health care and social assistance
1.0
4.3
0.1
1.0
4.5
0.1
Arts and recreation services
0.2
0.8
-
1.0
0.7
-
Other services
0.8
0.1
-
5.4
1.1
0.1
Ownership of dwellings
0.5
2.2
-
0.5
2.2
-
Taxes less subsidies on products
-0.4
1.7
-
-0.5
1.7
-
Statistical discrepancy (P)
na
na
-0.1
na
na
0.2
Gross domestic product
0.3
1.9
0.3
1.1
2.4
1.1

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



DECEMBER QUARTER

Summary Comments

Agriculture, forestry and fishing
  • The seasonally adjusted estimate rose 8.3%. The increase was primarily driven by rises in grains, cotton and livestock production. Decreased input costs also contributed to the rise. The Australian Bureau of Agricultural and Resource Economics (ABARES) Agricultural Commodities Report revised up their grain forecasts due to stronger than expected winter crop yields. This is a key indicator into estimates of Agriculture industry value added.

Mining
  • The seasonally adjusted estimate rose 3.4%. The rise was driven by Iron ore mining (4.7%), Oil and gas extraction (4.4%), and Other mining (3.2%). A fall in Exploration and mining support services (-4.7%) partially offset the rises. Price increases coupled with improved international demand supported the momentum shift for Mining back to positive growth.

Manufacturing
  • The seasonally adjusted estimate fell 1.2%. The decline was driven by Machinery and equipment (-7.4%) and Metal products (-3.3%). A rise in Food, beverage and tobacco products (3.3%) partially offset the falls. Manufacturing has declined in 10 of the last 12 quarters.

Construction
  • The seasonally adjusted estimate fell 1.2% driven by falls in Heavy and civil engineering and Construction services. This is the third consecutive quarterly decline for Construction and the 12th consecutive quarterly decline for Heavy and civil engineering. Rises in Residential building and Non-residential building partially offset the falls.

Wholesale trade
  • The seasonally adjusted estimate rose 3.0% driven by rises in Basic material wholesaling and Motor vehicle and motor vehicle parts wholesaling. Wholesale trade is benefitting from the distribution of strong grain yields as well as increases in petroleum product wholesaling.

Professional, scientific and technical services
  • The seasonally adjusted estimate rose 2.4% driven by rises in both subdivisions. Professional, scientific and technical services has grown 7.2% through the year. This is a strong recovery from the 0.2% growth through the year to December 2015.