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1367.2 - State and Regional Indicators, Victoria, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/11/2007   
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Contents >> State Final Demand >> State Final Demand

STATE FINAL DEMAND

State final demand measures the total value of goods and services that are sold in a state to buyers who wish to either consume them or retain them in the form of capital assets. It excludes sales made to buyers who use them as inputs to a production activity, export sales and sales that lead to accumulation of inventories.


Measures of state final demand make no distinction between demand that is met by goods and services produced within the state in question, by supplies sourced from another state, or from overseas. State final demand is therefore not a measure of the value of production activity occurring within a state.


Note: As of 20 November 2006, the Telstra Corporation was effectively privatised. For the purpose of ABS statistics this change from public to private sector is effective from March quarter 2007. The classification of Telstra has changed from public sector to non-financial corporation from the March quarter 2007. There is a trend break from March quarter 2007 in a number of series related to the privatisation of Telstra. As a result no trend estimates are published for these series. For more information please see Information Paper: Future Treatment of Telstra in ABS statistics (cat. no. 8102.0) released 26 February 2007.


For the June quarter 2007, the trend estimate for Victorian final demand, in volume terms, was $60,727m, an increase of 0.9% on the March quarter 2007. This was below the trend growth level for New South Wales (1.3%) and Australian trend estimate (domestic final demand), which increased by 1.6% over the same period.


Household final consumption expenditure is the single largest component of state final demand. In June quarter 2007, this component accounted for 58.4% of the trend volume estimate of state final demand and recorded an increase of 1.0% on the March quarter 2007. The other main contributors were private gross fixed capital formation (22.6% of trend state final demand) and government final consumption expenditure (16.3%).

STATE FINAL DEMAND, Chain volume measures - Change from previous quarter: Trend
Graph: State Final Demand, Chain volume measures—Change from previous quarter: Trend


STATE FINAL DEMAND(a): Seasonally Adjusted and Trend

2006
2007
Jun Qtr
Sep Qtr
Dec Qtr
Mar Qtr
Jun Qtr

SEASONALLY ADJUSTED ($m)

Final consumption expenditure
General government
9 710
9 881
9 738
9 901
9 945
Households
34 252
34 370
34 733
35 162
35 445
Gross fixed capital formation
Private
Machinery and equipment
4 704
4 772
4 733
5 052
4 817
Livestock
190
144
144
144
144
Intangible fixed assets
803
822
810
883
952
Dwellings
3 446
3 658
3 591
3 502
3 564
Ownership transfer costs
875
773
800
788
932
Total private
13 053
13 523
13 024
13 526
13 928
Public
1 613
1 694
2 109
1 456
1 646
State final demand
58 626
59 468
59 605
60 045
60 964
International trade-exports of goods
4 988
5 235
5 034
4 898
4 970
International trade-imports of goods
11 756
12 013
12 214
12 880
13 161

TREND ESTIMATES ($m)(b)

Final consumption expenditure
General government
9 706
9 787
9 834
9 874
9 918
Households
34 192
34 443
34 753
35 108
35 472
Gross fixed capital formation
Private
Machinery and equipment
4 768
4 768
4 810
np
np
Livestock
176
157
145
142
144
Intangible fixed assets
804
809
823
895
931
Dwellings
3 446
3 553
3 591
3 559
3 524
Ownership transfer costs
839
804
795
827
882
Total private
13 160
13 196
13 273
13 572
13 728
Public
1 661
1 762
1 897
np
np
State final demand
58 729
59 191
59 706
60 206
60 727
International trade-exports of goods
5 063
5 107
5 054
4 976
4 911
International trade-imports of goods
11 905
11 962
12 331
12 761
13 168

TREND ESTIMATES (PERCENTAGE CHANGE FROM PREVIOUS QUARTER) (%)

Final consumption expenditure
General government
1.0
0.8
0.5
0.4
0.4
Households
0.7
0.7
0.9
1.0
1.0
Gross fixed capital formation
Private
Machinery and equipment
0.8
-
0.9
np
np
Livestock
-7.4
-10.8
-7.9
-2.3
1.6
Intangible fixed assets
1.2
0.7
1.8
8.7
4.1
Dwellings
1.5
3.1
1.1
-0.9
-1.0
Ownership transfer costs
-0.8
-4.1
-1.2
4.1
6.6
Total private
0.2
0.3
0.6
2.3
1.2
Public
2.3
6.1
7.7
np
np
State final demand
0.7
0.8
0.9
0.8
0.9
International trade-exports of goods
2.7
0.9
-1.0
-1.6
-1.3
International trade-imports of goods
-0.7
0.5
3.1
3.5
3.2

- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Reference year for chain volume measures is 2004-05.
(b) Trend estimates for aggregates are derived directly, rather than as the sum of components. As a result, the sum of the trend estimates of individual components of a particular aggregate will not sum to the overall trend estimate of the aggregate.
Source: Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0); ABS data available on request, Australian National Accounts.

STATE FINAL DEMAND(a): Original

2006
2007
Jun Qtr
Sep Qtr
Dec Qtr
Mar Qtr
Jun Qtr

CURRENT PRICE ($m)

Final consumption expenditure
General government
10 372
10 502
10 574
10 782
11 080
Households
34 938
35 725
37 767
35 490
36 961
Gross fixed capital formation
Private
Machinery and equipment
4 541
4 416
5 021
4 360
4 462
Livestock
174
113
113
113
113
Intangible fixed assets
760
775
813
801
883
Dwellings
3 607
3 873
3 774
3 285
3 806
Ownership transfer costs
889
918
1 016
972
1 180
Total private
13 133
13 663
14 107
12 655
14 348
Public
1 839
1 533
2 091
1 417
1 853
State final demand
60 282
61 423
64 539
60 343
64 243
International trade-exports of goods
5 368
5 612
5 611
4 947
5 542
International trade-imports of goods
12 112
13 005
13 054
12 250
13 013

CHAIN VOLUME MEASURES ($m)(b)

Final consumption expenditure
General government
9 779
9 857
9 815
9 849
10 007
Households
33 795
34 456
36 425
33 863
34 968
Gross fixed capital formation
Private
Machinery and equipment
4 732
4 618
5 272
4 645
4 839
Livestock
190
144
144
144
144
Intangible fixed assets
794
810
859
854
944
Dwellings
3 521
3 791
3 692
3 179
3 656
Ownership transfer costs
859
784
808
784
918
Total private
13 142
13 546
13 937
12 489
14 032
Public
1 841
1 536
2 101
1 413
1 856
State final demand
58 557
59 395
62 279
57 614
60 863
International trade-exports of goods
5 119
5 270
5 221
4 533
5 114
International trade-imports of goods
11 502
12 442
12 765
12 150
12 910

(a) Revisions to various series resulted from the availability of more up to date data.
(b) Reference year for chain volume measures is 2004-05.
Source: Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0); ABS data available on request, Australian National Accounts.


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