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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/03/2011   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Sep 10 to Dec 10
% change Dec 09 to Dec 10
% points contributions to growth in GDP Sep 10 to Dec 10
% change Sep 10 to Dec 10
% change Dec 09 to Dec 10
% points contributions to growth in GDP Sep 10 to Dec 10

Final consumption expenditure
General government
0.8
4.3
0.1
1.1
4.2
0.2
Households
0.7
3.2
0.4
0.4
2.8
0.2
Gross fixed capital formation
Private
Dwellings
0.5
4.2
-
-0.4
2.2
-
Ownership transfer costs
-7.1
-17.3
-0.1
-9.0
-17.3
-0.1
Non-dwelling construction
1.1
7.1
0.1
-3.7
4.4
-0.2
Machinery and equipment
1.2
-4.7
0.1
5.1
-7.9
0.3
Cultivated biological resources
1.3
6.0
-
-7.9
3.5
-
Intellectual property products
-
2.6
-
0.3
2.9
-
Public
-1.6
8.1
-0.1
0.2
11.9
-
Changes in inventories
na
na
0.1
na
na
0.8
Gross national expenditure
0.6
3.1
0.6
1.1
3.1
1.1
Exports of goods and services
1.1
5.4
0.3
3.0
5.1
0.7
Imports of goods and services
1.9
10.1
-0.4
3.0
8.4
-0.7
Statistical discrepancy (E)
na
na
0.1
na
na
-0.4
Gross domestic product
0.5
2.7
0.5
0.7
2.7
0.7

- nil or rounded to zero (including null cells)
na not available



DECEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Government final consumption expenditure increased 1.1% and Household final consumption expenditure increased 0.4% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Electricity, gas and other fuel (up 2.0%), Operation of vehicles (up 1.4%) and Recreation and culture (up 0.8%).

Gross fixed capital formation
  • Gross fixed capital formation decreased 0.2% in seasonally adjusted terms. Total private gross fixed capital formation decreased 0.4%, reflecting a fall in Total non-dwelling construction (down 3.7%) and Dwellings (down 0.4%). This was partially offset by a rise in Total machinery and equipment (up 5.1%). Public gross fixed capital formation increased 0.2%. This was driven by an increase in Total general government investment (up 0.3%).

Changes in inventories
  • Total changes in inventories increased $1 973m in seasonally adjusted terms compared with a fall of $625m last quarter. The change in inventories contributed 0.8 percentage points to GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services increased 3.0% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 3.9%, driven by Non-rural exports (up 4.2%).
  • Imports of goods and services increased 3.0% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 2.9%, with capital good imports being the main driver (up 5.7%).


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