5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2009   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Dec 08 to Mar 09
% change Mar 08 to Mar 09
% points contribution to growth in GDP Dec 08 to Mar 09
% change Dec 08 to Mar 09
% change Mar 08 to Mar 09
% points contribution to growth in GDP Dec 08 to Mar 09

Final consumption expenditure
General government
0.3
2.1
-
0.3
2.5
0.1
Households
0.4
0.9
0.2
0.6
0.8
0.3
Gross fixed capital formation
Private
Dwellings
-3.1
-4.1
-0.2
-5.6
-5.7
-0.3
Business investment
-1.8
3.8
-0.3
-6.1
1.1
-1.1
Ownership transfer costs
-0.9
-18.2
-
7.0
-14.2
0.1
Public
-1.3
2.8
-0.1
-2.5
-0.2
-0.1
Changes in inventories
Private non-farm
. .
. .
-0.5
. .
. .
-0.1
Farm and public authority
. .
. .
-0.1
. .
. .
0.1
Gross national expenditure
-0.9
-0.9
-0.9
-1.0
-1.4
-1.1
Exports of goods and services
0.4
2.1
0.1
2.7
3.5
0.6
Imports of goods and services
-6.1
-8.9
1.4
-7.0
-10.3
1.6
Statistical discrepancy (E)
. .
. .
-0.1
. .
. .
-0.7
Gross domestic product
-0.1
0.3
-0.1
0.4
0.4
0.4

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



MARCH QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.6% in seasonally adjusted terms. The main positive contributors to growth in seasonally adjusted terms were Clothing and Footwear (up 1.8%) and Food (up 1.1%). The main negative contributors in seasonally adjusted terms were Purchase of vehicles (down 1.4%) and Furnishings and household equipment (down 0.8%).

Gross fixed capital formation
  • Private business investment decreased 6.1% in seasonally adjusted terms largely reflecting a decrease in Machinery and equipment investment (down 9.6%). Dwelling investment showed a decrease of 5.6% this quarter due to a decrease in New and used dwellings (down 6.3%) and a decrease in Alterations and additions (down 4.8%).

Changes in inventories
  • Total inventories fell by $3,836m in trend terms and $3,351m in seasonally adjusted terms. Changes in inventories had no impact on GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services rose 0.4% in trend terms and rose 2.7% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 2.8%, with a fall in Non-rural (down 1.1%) offset by a rise in Rural exports (up 18.3%). The fall in Non-rural exports reflected falls in the exports of Transport equipment (down 25.2%) and Coal (down 12.9%).
  • Imports of goods and services fell 6.1% in trend terms and fell 7.0% in seasonally adjusted terms. Seasonally adjusted Imports of goods fell 8.6%, with falls in Consumption Goods (down 10.3%), Intermediate goods (down 10.3%) and Capital goods (down 7.1%)