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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2004   
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Trend
Seasonally adjusted
Quarterly % change Mar 04 to Jun 04
Annual % change Jun 03 to Jun 04
% points contribution to growth in GDP Mar 04 to Jun 04
Quarterly % change Mar 04 to Jun 04
Annual % change Jun 03 to Jun 04
% points contribution to growth in GDP Mar 04 to Jun 04

Agriculture, forestry and fishing
0.7
34.3
-
-7.0
33.9
-0.3
Mining
-0.8
-4.1
-
1.9
-3.1
0.1
Manufacturing
0.7
2.0
0.1
-
1.8
-
Electricity, gas and water supply
1.2
3.7
-
2.3
5.1
0.1
Construction
0.5
6.9
-
-0.1
7.3
-
Wholesale trade
1.3
9.0
0.1
-2.2
8.1
-0.1
Retail trade
1.2
7.0
0.1
1.5
7.5
0.1
Accommodation, cafes and restaurants
-0.4
4.2
-
-1.5
3.7
-
Transport and storage
1.6
9.7
0.1
0.8
11.4
-
Communication services
1.0
3.2
-
0.7
3.3
-
Finance and insurance
1.1
4.3
0.1
1.6
4.6
0.1
Property and business services
0.7
3.3
0.1
0.2
3.0
-
Government administration and defence
0.8
3.0
-
0.4
2.9
-
Education
0.3
1.2
-
0.3
1.2
-
Health and community services
0.6
3.4
-
1.0
3.8
0.1
Cultural and recreational services
0.1
1.9
-
4.2
2.5
0.1
Personal and other services
0.5
1.9
-
0.6
1.8
-
Ownership of dwellings
0.9
3.7
0.1
0.9
3.7
0.1
Taxes less subsidies on products
0.8
4.0
0.1
0.9
3.7
0.1
Statistical discrepancy (P)
. .
. .
-0.2
. .
. .
0.3
Gross domestic product
0.6
3.7
0.6
0.6
4.1
0.6

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



JUNE QUARTER

Summary Comments

Agriculture, Forestry and Fishing

  • The trend estimate rose by 0.7% while the seasonally adjusted estimate fell by 7.0% Following four quarters of strong growth due to the rebound in agricultural production from the 2002-03 drought, the fall in June quarter seasonally adjusted estimate is mainly due to lower production of rice and cotton.

Manufacturing
  • Rose by 0.7% in trend terms but was flat in seasonally adjusted terms. Sales fell 0.6% in seasonally adjusted terms while inventories of work-in-progress and finished goods rose. The main contributors to growth were printing and publishing, up 3.5%, machinery and equipment, up 1.9%, and food, beverage and tobacco production, up 1.4%.

Construction
  • Increased by 0.5% in trend terms but fell 0.1% in seasonally adjusted terms. Growth in the residential and non-residential building segments was offset by a fall in engineering construction activity.

Property and business services
  • This industry rose 0.7% in trend terms and 0.2% in seasonally adjusted terms.

Wholesale and Retail Trade
  • Wholesale trade rose by 1.3% in trend terms but fell 2.2% in seasonally adjusted terms, while retail trade rose in trend terms (up 1.2%) and in seasonally adjusted terms (up 1.5%). For the retail industry, a seasonally adjusted increase of 1.8% in the ABS measure of retail turnover was dampened by a 5.1% fall in purchases of motor vehicles.

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