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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2011   
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JUNE KEY FIGURES

% change Mar qtr 11 to Jun qtr 11
% change Jun qtr 10 to Jun qtr 11

GDP (Chain volume measure)
Trend
0.2
1.1
Seasonally adjusted
1.2
1.4
Final consumption expenditure (Chain volume measure)
Trend
0.8
3.2
Seasonally adjusted
1.0
3.2
Gross fixed capital formation (Chain volume measure)
Trend
1.3
4.1
Seasonally adjusted
0.2
3.8
GDP chain price index
Original
1.0
4.1
Terms of trade
Seasonally adjusted
5.4
12.9
Real net national disposable income
Trend
1.4
4.5
Seasonally adjusted
3.3
3.7


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 0.2% and Non-farm GDP increased 0.4% in the June 2011 quarter. GDP per hour worked in the market sector fell 0.3% and the Terms of Trade rose 3.4%.
  • In seasonally adjusted terms, GDP and Non-farm GDP both increased by 1.2% in the June quarter. The Terms of trade rose 5.4% and Real gross domestic income rose 2.6%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main contributors to expenditure on GDP were Inventories (0.8 percentage points) and Final consumption expenditure (0.7 percentage points). Net Exports (-0.5 percentage points) was the largest detractor.


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, Manufacturing (up 2.8%) and Transport, postal and warehousing (up 4.4%) both contributed 0.2 percentage points to the increase in GDP.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2011 7 December 2011
December 2011 7 March 2012
March 2012 6 June 2012
June 2012 5 September 2012



REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.

An improvement to the methodology of compiling the chain volume measures and implicit price deflators for internationally traded goods in seasonally adjusted terms has been introduced to the following components from September 2005 onwards:
  • metal ores and minerals
  • coal, coke, briquettes
  • other mineral fuels
  • fuels and lubricants component.

Original estimates for Queensland Gross fixed capital formation have been revised as a result of updated information received from respondents.


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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