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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2013   
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SEPTEMBER KEY FIGURES

% change Jun qtr 13 to Sep qtr 13
% change Sep qtr 12 to Sep qtr 13

GDP (Chain volume measure)
Trend
0.6
2.3
Seasonally adjusted
0.6
2.3
Final consumption expenditure (Chain volume measure)
Trend
0.5
1.7
Seasonally adjusted
0.6
1.8
Gross fixed capital formation (Chain volume measure)
Trend
-0.3
-2.0
Seasonally adjusted
-0.2
-1.2
GDP chain price index
Original
0.1
1.3
Terms of trade
Seasonally adjusted
-3.3
-3.6
Real net national disposable income
Trend
0.1
0.8
Seasonally adjusted
-0.6
0.6


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




SEPTEMBER KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.6% in the September 2013 quarter. Gross value added per hour worked in the market sector increased 0.2% and the Terms of trade fell -0.9%.
  • In seasonally adjusted terms, GDP increased by 0.6% in the September quarter. The Terms of trade fell -3.3%, and Real gross domestic income fell -0.1%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the contributors to expenditure on GDP were Public gross fixed capital formation (1.3 percentage points), Net Exports (0.7 percentage points) and Final consumption expenditure (0.4 percentage points). The detractors were Private gross fixed capital formation (-1.4 percentage points) and Changes in inventories (-0.5 percentage points).


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP were Mining (up 2.7%) and Construction (up 1.1%). Mining contributed 0.3 percentage points to the increase in GDP while Construction contributed 0.1 percentage points.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2013 5 March 2014
March 2014 4 June 2014
June 2014 3 September 2014
September 2014 3 December 2014



REVISIONS IN THIS ISSUE

The estimates in this issue incorporate the 2011-12 annual supply and use tables. For information on the role of supply and use tables in the national accounts and the major revisions please see the 'Analysis of Results' section Australian System of National Accounts (ABS cat. no. 5204.0). There are also revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.


CHANGES IN THIS ISSUE

This issue also incorporates a methodological change to pre 1985-86 for the calculation and aggregation of Chain Volume (CVM) GDP expenditure components. This change removes a break in series so that CVM methodology is applied back to the beginning of the time series in 1959-60. This has allowed suppression of pre 1985-86 estimates for Real Gross Domestic Income and contributions to growth for GDP Expenditure components to be removed, which were required due to issues caused by the break in series. This change has resulted in some revisions to CVM components and aggregates of GDP expenditure. The methodology change has not resulted in significant revisions to total CVM GDP.


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.



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