5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2018 Quality Declaration 
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MAIN FEATURES PRODUCTION CHAIN VOLUME MEASURES



Trend
Seasonally adjusted


% Change
% Change
% points contribution to
% Change
% Change
% points contribution to
Sep 18 to
Dec 17 to
growth in GDP
Sep 18 to
Dec 17 to
growth in GDP
Dec 18
Dec 18
Sep 18 to Dec 18
Dec 18
Dec 18
Sep 18 to Dec 18

Agriculture forestry and fishing
-2.1
-6.6
-0.1
-3.2
-5.9
-0.1
Mining
0.4
5.5
-
1.2
6.7
0.1
Manufacturing
-1.0
-1.7
-0.1
-1.2
-0.8
-0.1
Electricity gas water and waste services
-0.3
0.6
-
-1.5
-0.2
-
Construction
-1.5
-2.4
-0.1
-1.9
-3.7
-0.1
Wholesale trade
0.2
1.2
-
0.6
1.6
-
Retail trade
0.3
1.5
-
0.1
1.4
-
Accommodation and food services
0.6
1.6
-
0.4
0.9
-
Transport postal and warehousing
-
-0.1
-
1.3
0.7
0.1
Information media and telecommunications
0.7
1.7
-
2.5
1.7
0.1
Financial and insurance services
0.6
2.6
0.1
0.3
2.7
-
Rental hiring and real estate services
0.8
3.3
-
-0.6
1.6
-
Professional scientific and technical services
0.2
3.4
-
-1.5
2.6
-0.1
Administrative and support services
0.7
4.3
-
0.1
4.9
-
Public administration and safety
1.4
5.3
0.1
2.4
6.1
0.1
Education and training
0.5
2.0
-
0.5
2.1
-
Health care and social assistance
2.0
7.5
0.1
2.3
8.1
0.2
Arts and recreation services
1.1
4.5
-
2.5
4.9
-
Other services
0.4
4.1
-
-0.2
3.1
-
Ownership of dwellings
0.6
2.4
-
0.6
2.4
-
Taxes less subsidies on products
0.2
1.1
-
-0.8
0.7
-0.1
Statistical discrepancy (P)
na
na
-
na
na
-
Gross domestic product
0.3
2.3
0.3
0.2
2.3
0.2

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


DECEMBER QUARTER

Summary Comments

Note
  • All estimates are in seasonally adjusted chain volume terms unless otherwise stated.

Agriculture, Forestry and Fishing
  • Agriculture, Forestry and Fishing fell 3.2% driven by falls in output of grains, livestock and other crops. The fall in grains was a result of drought conditions impacting the winter crop harvest in the eastern states. Through the year the industry fell 5.9%.

Mining
  • Mining rose 1.2% driven by Oil and Gas Extraction (7.7%) recording its fourth consecutive rise, driven by ongoing strength as additional gas facilities commenced production. Exports of oil and gas rose during the quarter reflecting strong external demands. The rise was partially offset by declines in Iron Ore Mining (-0.8%) and Coal Mining (-0.2%).

Manufacturing
  • Manufacturing fell 1.2% driven by Food, Beverage and Tobacco Products (-1.9%) and Metal Products (-1.8%). The decline in food manufacturing reflects the declines seen in the Agriculture industry which was affected by drought conditions. The slowdown in construction activity resulted in a decline in demand for building materials also impacted the Manufacturing industry. These falls were partly offset by Machinery and Equipment which rose 1.4%.

Construction
  • Construction fell 1.9% driven by Heavy and Civil Engineering Construction (-4.0%) and Building Construction (-1.3%). The fall was due to a number of large mining projects approaching completion and the slowdown in residential building construction.

Information, Media and Telecommunications Services
  • Information, Media and Telecommunications Services rose 2.5% driven by Telecommunications Services (2.5%) and Other Information and Media services (2.5%). Through the year the division experienced a 1.7% rise.

Financial and Insurance Services
  • Financial and Insurance Services rose 0.3% driven by Finance (0.4%) and Other Financial and Insurance Services (0.1%). Growth in loan and deposit balances along with an increase in margins contributed to the rise in Finance.

Rental, Hiring & Real Estate Services
  • Rental, Hiring & Real Estate Services fell 0.6% driven by Rental and Hiring Services (-2.0%) and Property Operators and Real Estate Services (-0.3%). This reflects a decrease in demand for machinery and equipment hiring services related to the slowdown in construction. The industry rose 1.6% through the year.

Professional, Scientific and Technical Services
  • The Professional, Scientific and Technical Services industry fell for the first time in over three years (-1.5%). Weakness in Computer System Design and Related Services (-2.0%) and Other Professional, Scientific and Technical Services (-1.4%) drove the result. The flow on effects from the construction downturn has resulted in reduced demand for engineering design and consultation services.

Administrative and Support Services
  • Administrative and Support Services rose 0.1% in the December quarter 2018. The result this quarter aligns with strength in Building, Cleaning and Other Services . Weakness from travel related activity partially offset this growth. The industry grew 4.9% through the year.

Health Care and Social Assistance
  • The Health Care and Social Assistance industry rose 2.3% driven by continued strength in both public and private health. The industry grew 8.1% through the year.