5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2008   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Mar 08 to Jun 08
% change Jun 07 to Jun 08
% points contribution to growth in GDP Mar 08 to Jun 08
% change Mar 08 to Jun 08
% change Jun 07 to Jun 08
% points contribution to growth in GDP Mar 08 to Jun 08

Final consumption expenditure
General government
0.8
4.2
0.1
1.2
4.6
0.2
Households
0.4
3.2
0.3
-0.1
2.9
-0.1
Gross fixed capital formation
Private
Dwellings
0.4
1.4
-
0.5
2.6
-
Business investment
np
np
np
4.6
10.8
0.8
Ownership transfer costs
-3.5
-9.9
-0.1
-4.5
-14.4
-0.1
Public
np
np
np
2.4
7.2
0.1
Changes in inventories
Private non-farm
. .
. .
-0.2
. .
. .
-0.5
Farm and public authority
. .
. .
-
. .
. .
-
Gross national expenditure
0.9
4.4
0.9
0.4
4.3
0.4
Exports of goods and services
1.5
4.7
0.3
2.7
6.1
0.5
Imports of goods and services
3.0
12.8
-0.8
2.2
13.0
-0.6
Statistical discrepancy (E)
. .
. .
0.5
. .
. .
-0.1
Gross domestic product
0.5
2.7
0.5
0.3
2.7
0.3

. . 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 fell 0.1% in seasonally adjusted terms. The main negative contributors to growth in seasonally adjusted terms were Operation of vehicles (down 2.0%) and Food (down 0.8%). The main positive contributor to growth in seasonally adjusted terms was Rent and other dwelling services (up 0.8%).

Gross fixed capital formation
  • Private business investment grew 4.6% in seasonally adjusted terms. This increase was due to investment in New machinery and equipment (up 10.1%), offset by a fall in New engineering construction (down 5.4%). Dwelling investment showed a moderate increase of 0.5% this quarter. This was due to an increase in New and used dwellings (up 1.6%), offset by a decrease in Alterations and additions (down 0.8%).

Changes in inventories
  • Total inventories rose by $684m in trend terms, following a rise of $1,148m in the March quarter. Seasonally adjusted, total inventories rose by $210m following a $1636m rise in the previous quarter. Changes in inventories detracted 0.5 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 1.5%, while in seasonally adjusted terms, it rose 2.7%. Seasonally adjusted Exports of goods rose 2.5%, driven by a rise in Coal (up 11.9%) and offset by a fall in Mineral ores (down 3.2%).
  • Imports of goods and services increased 3.0% in trend terms and 2.2% in seasonally adjusted terms. Imports of goods increased 2.0%, with growth in Consumption goods (up 2.7%) and Intermediate goods (up 2.0%). Imports of services rose 3.1%, driven by growth in Travel (up 3.7%).