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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2004   
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Trend
Seasonally adjusted
Quarterly % change Sep 03 to Dec 03
Annual % change Dec 02 to Dec 03
% points contribution to growth in GDP Sep 03 to Dec 03
Quarterly % change Sep 03 to Dec 03
Annual % change Dec 02 to Dec 03
% points contribution to growth in GDP Sep 03 to Dec 03

Agriculture, forestry and fishing
8.3
19.2
0.3
12.5
28.5
0.4
Mining
0.1
-2.2
-
1.4
-2.4
0.1
Manufacturing
-0.8
-1.3
-0.1
0.2
-
-
Electricity, gas and water supply
0.4
-0.4
-
-0.9
-1.5
-
Construction
2.5
5.3
0.2
4.6
6.1
0.3
Wholesale trade
2.1
6.0
0.1
2.4
7.3
0.1
Retail trade
2.0
7.4
0.1
1.4
7.4
0.1
Accommodation, cafes and restaurants
2.4
8.3
0.1
2.6
8.6
0.1
Transport and storage
2.1
1.0
0.1
4.1
2.3
0.2
Communication services
0.9
4.1
-
0.7
4.0
-
Finance and insurance
0.9
4.2
0.1
1.1
4.6
0.1
Property and business services
1.3
4.1
0.1
1.3
4.0
0.1
Government administration and defence
0.3
1.0
-
0.8
1.2
-
Education
0.3
1.4
-
0.4
1.4
-
Health and community services
1.1
3.0
0.1
1.4
3.2
0.1
Cultural and recreational services
1.9
4.8
-
4.4
5.4
0.1
Personal and other services
-0.9
-0.4
-
-1.2
-1.0
-
Ownership of dwellings
0.9
3.7
0.1
0.9
3.7
0.1
Taxes less subsidies on products
1.2
3.8
0.1
1.0
3.6
0.1
Statistical discrepancy (P)
. .
. .
-0.2
. .
. .
-0.4
Gross domestic product
1.1
3.5
1.1
1.4
4.0
1.4

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


December Quarter

Summary Comment

Agriculture, Forestry and Fishing
  • The trend estimate rose by 8.3% and the seasonally adjusted estimate increased by 12.5%, due to the rebound in agricultural production from the 2002-03 drought.

Manufacturing
  • Fell by 0.8% in trend terms but rose by 0.2% in seasonally adjusted terms. Food production was higher (by 1.4% seasonally adjusted) while positive growth was also recorded for printing and publishing and chemicals, petroleum and coal products.

Construction
  • Increased by 2.5% in trend terms and by 4.6% seasonally adjusted. All sectors showed healthy growth, particularly engineering construction.

Transport and storage
  • This industry showed a 2.1% increase in trend terms and 4.1% seasonally adjusted. All transport industries showed positive growth with air transport the most noticeable with seasonally adjusted growth of 9.0%.

Property and business services
  • This industry rose 1.3% in both trend and seasonally adjusted terms.

Wholesale and Retail Trade
  • In trend terms wholesale trade rose by 2.1% (up 2.4% seasonally adjusted) and retail trade rose by 2.0% (up 1.4% seasonally adjusted). For retail, the impact of a 2.6% increase in the ABS measure of retail turnover was dampened by a decline in sales of motor vehicles.


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