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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2012   
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JUNE KEY FIGURES

% change Mar qtr 12 to Jun qtr 12
% change Jun qtr 11 to Jun qtr 12

GDP (Chain volume measure)
Trend
0.8
3.8
Seasonally adjusted
0.6
3.7
Final consumption expenditure (Chain volume measure)
Trend
1.0
3.9
Seasonally adjusted
0.8
3.8
Gross fixed capital formation (Chain volume measure)
Trend
1.3
8.8
Seasonally adjusted
1.0
11.0
GDP chain price index
Original
0.4
-1.2
Terms of trade
Seasonally adjusted
-0.6
-7.1
Real net national disposable income
Trend
0.2
2.3
Seasonally adjusted
0.7
2.6


GDP growth rates, Volume measures, quarterly change
Graph: GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted
Graph: Contributions to GDP growth, Seasonally adjusted




JUNE KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.8% and Non-farm GDP increased 0.9% in the June 2012 quarter. Gross value added per hour worked in the market sector increased 0.9% and the Terms of trade fell 2.9%.
  • In seasonally adjusted terms, GDP increased by 0.6% and Non-farm GDP increased by 0.6% in the June quarter. The Terms of trade fell 0.6%, and, Real gross domestic income grew 0.6%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main contributors to expenditure on GDP were Household final consumption expenditure (0.3 percentage points) , General government final consumption expenditure (0.3 percentage points), and Net exports (0.3 percentage points).


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP were Wholesale trade (up 3.0%), Transport (up 2.6%) and Professional, scientific and technical services (up 1.9%) with each industry contributing 0.1 percentage points to the increase in GDP.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2012 5 December 2012
December 2012 6 March 2013
March 2013 5 June 2013
June 2013 4 September 2013



REVISIONS IN THIS ISSUE

A change has been applied to the seasonally adjusted current price series of 'coal, coke and briquettes'. From September quarter 2005, seasonal factors used to construct the corresponding chain volume series have been applied to the current price estimates in original terms to derive the seasonally adjusted series. Trend break corrections previously applied to the trend series of 'coal, coke and briquettes' have been removed. A length-of-quarter adjustment continues to be applied to seasonally adjust the 'coal, coke and briquettes' component prior to September quarter 2005.


ESTIMATED RESIDENT POPULATION ESTIMATES

The National Accounts will incorporate population estimates based on the 2011 Census when final population estimates are published in June 2013. In the meantime population estimates are based on the 2006 Census and adding natural increase (births minus deaths) and net overseas migration (immigration minus emigration) to move forward to the current quarter.


FEATURE ARTICLE

This issue includes a feature article entitled ' Forthcoming changes to calculation of contributions to growth in the National Accounts'.


SUPPRESSION OF DATA

The ABS has suppressed the release of some data in the June quarter release of 5206.0. Tables affected include electronic tables 26 and 28 State Final Demand, Detailed Components for Western Australia and the Northern Territory respectively.

The data items affected include original, seasonal and trend measures for current price and chain volume estimates of :

Private; Gross Fixed Capital Formation - Non-dwelling construction - New building:

Private; Gross Fixed Capital Formation - Non-dwelling construction - New engineering construction.

Estimates of Private; Gross fixed capital formation - Non-dwelling construction - Net purchase of second hand assets: Chain volume measures are also suppressed .


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711, email <national.accounts@ abs.gov.au>.





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