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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2008   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted


% change
Sep 07
to Dec 07
% change
Dec 06
to Dec 07
% points contribution
to growth in GDP
Sep 07 to Dec 07
% change
Sep 07
to Dec 07
% change
Dec 06
to Dec 07
% points contribution
to growth in GDP
Sep 07 to Dec 07

Final consumption expenditure
General government
1.0
2.7
0.2
1.7
4.0
0.3
Households
1.3
4.7
0.7
1.6
5.0
0.9
Gross fixed capital formation
Private
Dwellings
0.4
0.9
-
2.1
1.6
0.1
Business investment
np
np
np
0.4
11.9
0.1
Ownership transfer costs
-1.2
8.4
-
-1.7
10.2
-
Public
np
np
np
5.5
4.7
0.2
Changes in inventories
Private non-farm
. .
. .
-0.1
. .
. .
-0.1
Farm and public authority
. .
. .
-
. .
. .
0.1
Gross national expenditure
1.1
5.7
1.1
1.5
6.2
1.6
Exports of goods and services
0.4
3.0
0.1
-0.6
2.6
-0.1
Imports of goods and services
2.4
10.3
-0.6
3.6
10.3
-0.8
Statistical discrepancy (E)
. .
. .
0.2
. .
. .
-
Gross domestic product
0.8
3.9
0.8
0.6
3.9
0.6

. . not applicable
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated



DECEMBER QUARTER

Summary Comments

Final Consumption Expenditure

  • Household final consumption expenditure grew by 1.3% in trend terms (1.6% seasonally adjusted). The main contributors to growth were Food, Purchase of vehicles and Recreation and culture.

Gross fixed capital formation
  • Private business investment grew 0.4% in seasonally adjusted terms. This increase was due to investment in New machinery and equipment (up 3.9%), and Total intangible fixed assets (up 1.1%), partially offset by falls in the components of non-dwelling construction; New building (down 5.3%) and New engineering construction (down 1.6%). Dwelling investment rose 2.1% seasonally adjusted, driven by a 4.6% rise in Alterations and additions.

Changes in inventories
  • Total inventories rose by $1,464m in trend terms, following a rise of $1,466m in the September quarter. Seasonally adjusted, total inventories rose by $1,542m following a $1,688m rise in the previous quarter. Changes in inventories detracted 0.1 percentage points from seasonally adjusted GDP growth during the quarter.

Exports and imports of goods and services
  • In trend terms, Exports of goods and services rose 0.4% while in seasonally adjusted terms, it fell 0.6%. Seasonally adjusted Exports of goods fell 1.1%, driven by falls in Non-monetary gold (down 9.7%) and Mineral ores (down 2.9%), offsetting rises in Other mineral fuels (up 8.4%) and Coal (up 2.4%). Exports of services grew 1.0%.
  • Imports of goods and services increased 2.4% in trend terms and 3.6% in seasonally adjusted terms. Imports of goods, seasonally adjusted, increased 3.1%, with growth in Consumption goods (up 6.3%), Capital goods (up 5.8%), and Intermediate goods (up 1.6%), Other goods decreased 19.3%. Imports of services rose 5.4%, driven by growth in Transportation (up 4.1%), Travel (up 5.7%) and Other services (up 6.4%).

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