5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2014 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2014   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change
Mar 14 to Jun 14
% change
Jun 13 to Jun 14
% points contributions to growth in GDP
Mar 14 to Jun 14
% change
Mar 14 to Jun 14
% change
Jun 13 to Jun 14
% points contributions to growth in GDP
Mar 14 to Jun 14

Final consumption expenditure
General government
0.3
1.4
-
0.3
1.4
-
Households
0.5
2.5
0.3
0.5
2.5
0.3
Gross fixed capital formation
Private
Dwellings
3.2
9.5
0.2
2.3
8.6
0.1
Ownership transfer costs
2.0
10.7
-
-0.8
7.3
-
Non-dwelling construction
0.5
-8.2
-
2.5
-14.2
0.2
Machinery and equipment
-1.7
-12.1
-0.1
-3.4
-13.7
-0.2
Cultivated biological resources
1.5
13.7
-
2.2
13.3
-
Intellectual property products
2.3
4.8
0.1
3.7
5.7
0.1
Public
0.1
4.1
-
-3.9
38.7
-0.2
Changes in inventories
-
-
0.2
na
na
0.9
Gross national expenditure
0.7
1.2
0.7
1.4
1.6
1.3
Exports of goods and services
1.3
7.0
0.3
-0.8
5.4
-0.2
Imports of goods and services
1.0
-1.0
-0.2
3.7
-1.1
-0.7
Statistical discrepancy (E)
na
na
-0.1
na
na
0.1
Gross domestic product
0.7
3.2
0.7
0.5
3.1
0.5

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



JUNE QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.5% in seasonally adjusted terms. The main contributor to growth in Household final consumption expenditure was Rent and other Dwelling services (0.1 percentage points). Government final consumption expenditure increased 0.3% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation increased 0.3% in seasonally adjusted terms. Private gross fixed capital formation increased by 1.1% driven by increases in Total non-dwelling construction (2.5%) and Total dwellings (2.3%). These increases were offset by a decrease in Total machinery and equipment of 3.4%.

Changes in inventories
  • Total inventories increased $1 072m in seasonally adjusted terms compared with a decrease of $2 622m last quarter. The Change in inventories contributed 0.9 percentage points to GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services decreased 0.8% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 1.1%, with Rural exports down 8.9% and Non-rural exports up 1.1%.
  • Imports of goods and services increased 3.7% in seasonally adjusted terms. Seasonally adjusted Imports of goods increased 3.7%, Capital goods up 10.5%, Intermediate goods up 2.3% and Consumption goods up 0.6%.