5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2007   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES


Trend
Seasonally adjusted


% change
Mar 07
to Jun 07
% change
Jun 06
to Jun 07
% points contribution
to growth in GDP
Mar 07 to Jun 07
% change
Mar 07
to Jun 07
% change
Jun 06
to Jun 07
% points contribution
to growth in GDP
Mar 07 to Jun 07

Final consumption expenditure
General government
0.3
1.7
-
0.5
1.9
0.1
Households
1.0
4.2
0.6
0.6
3.9
0.3
Gross fixed capital formation
Private
Dwellings
0.6
5.5
-
-0.2
3.7
-
Business investment
np
np
np
4.5
14.3
0.7
Ownership transfer costs
7.3
5.9
0.1
10.8
4.0
0.2
Public
np
np
np
15.4
16.5
0.6
Changes in inventories
Private non-farm
. .
. .
0.2
. .
. .
-0.5
Farm and public authority
. .
. .
-
. .
. .
0.1
Gross national expenditure
1.8
6.3
1.9
1.4
6.5
1.5
Exports of goods and services
0.8
3.1
0.1
0.8
2.4
0.1
Imports of goods and services
2.6
11.7
-0.6
1.1
9.6
-0.3
Statistical discrepancy (E)
. .
. .
-0.1
. .
. .
-0.4
Gross domestic product
1.2
4.4
1.2
0.9
4.3
0.9

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



JUNE QUARTER

Summary Comments

Final Consumption Expenditure

  • Household final consumption expenditure grew by 1.0% in trend terms (0.6% seasonally adjusted). The main contributors to growth were Rent and other dwelling services and Recreation and Culture.

Gross fixed capital formation
  • Private business investment increased 4.5% in seasonally adjusted terms. The seasonally adjusted increase was due to investment in New machinery and equipment (up 5.9%), New engineering construction (up 6.6%), and Total intangible fixed assets (up 8.1%). Dwelling investment fell -0.2% seasonally adjusted, driven by a fall of -0.7% in New and used dwellings which was only partially offset by a 0.3% rise in Alterations and additions.

Changes in inventories
  • Total inventories increased by $1,658m in trend terms, which followed an increase of $1,199m in the March quarter. In seasonally adjusted terms, total inventories increased by $932m following a $1,956m increase in the previous quarter. As a result, Changes in inventories detracted 0.4 percentage points from seasonally adjusted GDP growth during the quarter.

Exports and imports of goods and services
  • In trend and seasonally adjusted terms, Exports of goods and services increased 0.8%. In seasonally adjusted terms, Exports of goods rose 0.9%, driven by a 21.0% rise in Non-monetary gold offsetting falls in Rural exports.
  • Imports of goods and services increased by 2.6% in trend terms (1.1% seasonally adjusted). Seasonally adjusted Imports of goods increased by 0.5%, with growth in Capital goods (up 3.0%) offsetting falls in Consumption goods (down -0.9%) and Intermediate and other merchandise goods (down -0.8%).