5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2008   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

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

Final consumption expenditure
General government
0.7
3.7
0.1
0.6
3.6
0.1
Households
-
1.6
-
0.1
1.7
-
Gross fixed capital formation
Private
Dwellings
0.6
2.7
-
0.2
2.6
-
Business investment
np
np
np
1.5
12.8
0.3
Ownership transfer costs
-8.5
-21.6
-0.1
-14.0
-23.8
-0.2
Public
np
np
np
3.9
18.4
0.2
Changes in inventories
Private non-farm
. .
. .
-0.1
. .
. .
0.1
Farm and public authority
. .
. .
-
. .
. .
0.1
Gross national expenditure
0.6
3.8
0.6
0.5
4.0
0.6
Exports of goods and services
1.5
6.3
0.3
-
5.0
-
Imports of goods and services
2.6
13.5
-0.6
1.6
13.2
-0.4
Statistical discrepancy (E)
. .
. .
0.2
. .
. .
-0.1
Gross domestic product
0.2
2.0
0.2
0.1
1.9
0.1

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



SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.1% in seasonally adjusted terms. The main positive contributor to growth in seasonally adjusted terms was Rent and other dwelling services (up 0.6%) and Insurance and other financial services (up 1.0%). The main negative contributors to growth in seasonally adjusted terms were Purchase of vehicles (down 7.9%) and Hotels, cafes and restaurants (down 0.7%).

Gross fixed capital formation
  • Private business investment increased 1.5% in seasonally adjusted terms. This increase was due to investment in Engineering construction (up 11.8%), offset by a fall in New building (down 1.9%). Dwelling investment showed a moderate increase of 0.2% this quarter. This was due to an increase in New and used dwellings (up 0.5%), offset by a decrease in Alterations and additions (down 0.1%).

Changes in inventories
  • Total inventories rose by $671m in trend terms, following a rise of $1,021m in the June quarter. Seasonally adjusted, total inventories rose by $938m following a $493m rise in the previous quarter. Changes in inventories contributed 0.2 percentage points to 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 they were flat. Seasonally adjusted Exports of goods fell 0.5%, with a fall in Other non-rural (down 22.5%), offset by a rise in Mineral Ores (up 1.3%) and Coal (up 1.7%).
  • Imports of goods and services rose 2.6% in trend terms and 1.6% in seasonally adjusted terms. Imports of goods increased 2.3%, with growth in Capital goods (up 6.5%), Other Goods (up 18.2%) and Intermediate goods (up 1.7%).