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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2011   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Mar 11 to Jun 11
% change Jun 10 to Jun 11
% points contributions to growth in GDP Mar 11 to Jun 11
% change Mar 11 to Jun 11
% change Jun 10 to Jun 11
% points contributions to growth in GDP Mar 11 to Jun 11

Final consumption expenditure
General government
0.7
3.4
0.1
0.9
3.4
0.2
Households
0.7
3.2
0.4
1.0
3.2
0.5
Gross fixed capital formation
Private
Dwellings
1.1
2.7
0.1
-0.1
0.7
-
Ownership transfer costs
-1.8
-16.2
-
-0.8
-16.8
-
Non-dwelling construction
1.4
9.8
0.1
-0.4
10.0
-
Machinery and equipment
4.2
11.9
0.3
4.9
14.3
0.3
Cultivated biological resources
-2.4
-0.8
-
1.0
2.7
-
Intellectual property products
1.1
3.5
-
1.0
3.2
-
Public
-0.8
-3.3
-0.1
-3.8
-4.6
-0.2
Changes in inventories
na
na
0.3
na
na
0.8
Gross national expenditure
1.3
4.5
1.3
1.5
4.7
1.6
Exports of goods and services
-1.1
-3.9
-0.2
2.6
-3.7
0.6
Imports of goods and services
3.2
10.3
-0.8
4.3
10.5
-1.1
Statistical discrepancy (E)
na
na
-
na
na
0.1
Gross domestic product
0.2
1.1
0.2
1.2
1.4
1.2

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



JUNE QUARTER

Summary Comments

Final Consumption Expenditure
  • Government final consumption expenditure increased 0.9% and Household final consumption expenditure increased 1.0% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Transport services (up 5.9%) and Recreation and culture (up 3.1%).

Gross fixed capital formation
  • Gross fixed capital formation increased 0.2% in seasonally adjusted terms. Total private gross fixed capital formation increased 1.3%, reflecting a rise in Total machinery and equipment (up 4.9%).
  • Public gross fixed capital formation decreased 3.8%. This was driven by a decrease in Total public corporations investment (down 6.2%).

Changes in inventories
  • Total inventories increased $4227m in seasonally adjusted terms compared with an increase of $1555m 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 2.6% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 3.0%, driven by Rural exports (up 9.4%).
  • Imports of goods and services increased 4.3% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 4.3%, with capital good imports being the main driver (up 5.8%).


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