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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/03/2005   
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Trend
Seasonally adjusted
Quarterly % change Sep 04 to Dec 04
Annual % change Dec 03 to Dec 04
% points contribution to growth in GDP Sep 04 to Dec 04
Quarterly % change Sep 04 to Dec 04
Annual % change Dec 03 to Dec 04
% points contribution to growth in GDP Sep 04 to Dec 04

Agriculture, forestry and fishing
-3.0
-8.4
-0.1
-1.4
-11.8
-
Mining
1.4
2.1
0.1
2.3
1.0
0.1
Manufacturing
-0.7
-1.1
-0.1
0.1
-1.1
-
Electricity, gas and water supply
-0.8
1.0
-
-2.1
0.6
-
Construction
-0.2
2.7
-
-1.5
0.7
-0.1
Wholesale trade
0.1
2.9
-
1.5
4.2
0.1
Retail trade
0.4
4.1
-
-0.9
3.2
-0.1
Accommodation, cafes and restaurants
-1.0
-2.9
-
0.1
-3.0
-
Transport and storage
0.5
5.3
-
1.1
4.7
0.1
Communication services
1.5
5.2
-
1.6
5.5
-
Finance and insurance
1.2
5.1
0.1
1.2
5.0
0.1
Property and business services
0.2
2.4
-
-0.9
1.9
-0.1
Government administration and defence
0.5
2.5
-
1.2
2.8
-
Education
0.3
1.2
-
0.3
1.3
-
Health and community services
1.9
6.5
0.1
2.3
6.6
0.1
Cultural and recreational services
1.5
7.5
-
-0.3
5.9
-
Personal and other services
0.4
2.2
-
2.3
2.9
0.1
Ownership of dwellings
1.0
4.1
0.1
1.0
4.1
0.1
Taxes less subsidies on products
1.0
4.1
0.1
0.6
5.1
0.1
Statistical discrepancy (P)
. .
. .
-0.1
. .
. .
-0.3
Gross domestic product
0.3
1.9
0.3
0.1
1.5
0.1

. . not applicable
- nil or rounded to zero (including null cells)



DECEMBER QUARTER

Summary Comments

Agriculture, Forestry and Fishing

  • The trend estimate fell by 3.0% and the seasonally adjusted estimate by 1.4%. Estimates for agricultural production are projected to be lower in 2004-05 mainly due to a projected fall in cereal grain production following the record harvest in 2003-04.

Manufacturing
  • Fell by 0.7% in trend terms but was 0.1% higher in seasonally adjusted terms. Sales decreased by 1.5% in seasonally adjusted terms but this was offset by an increase in inventories of work-in-progress and finished goods.

Construction
  • Declined by 0.2% in trend terms and by 1.5% in seasonally adjusted terms. The seasonally adjusted decline was mainly due to falls in house building and public engineering construction. Private engineering construction rose by 1.9% in seasonally adjusted terms.

Property and business services
  • This industry rose by 0.2% in trend terms but fell by 0.9% in seasonally adjusted terms. The seasonally adjusted fall was mainly due to weak property sales.

Wholesale and Retail Trade
  • Wholesale trade rose by 0.1% in trend terms and by 1.5% in seasonally adjusted terms, while retail trade rose by 0.4% in trend terms but fell by 0.9% in seasonally adjusted terms. For wholesale trade there was strong growth in sales of basic materials while for the retail industry the seasonally adjusted result is consistent with the ABS monthly measure of retail turnover, which fell by 1.0% in volume terms.

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