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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2004   
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Trend
Seasonally adjusted
Quarterly % change Dec 03 to Mar 04
Annual % change Mar 03 to Mar 04
% points contribution to growth in GDP Dec 03 to Mar 04
Quarterly % change Dec 03 to Mar 04
Annual % change Mar 03 to Mar 04
% points contribution to growth in GDP Dec 03 to Mar 04

Agriculture, forestry and fishing
6.5
34.9
0.2
5.5
38.7
0.2
Mining
-1.6
-4.6
-0.1
-5.5
-6.4
-0.2
Manufacturing
1.0
1.0
0.1
1.9
0.7
0.2
Electricity, gas and water supply
0.5
1.0
-
1.4
2.0
-
Construction
2.0
7.2
0.1
-1.4
5.8
-0.1
Wholesale trade
3.1
9.6
0.2
4.2
9.7
0.2
Retail trade
1.4
7.7
0.1
1.1
7.8
0.1
Accommodation, cafes and restaurants
1.7
8.8
-
0.6
8.7
-
Transport and storage
3.4
7.4
0.2
3.3
6.9
0.2
Communication services
1.2
3.7
-
1.7
3.5
-
Finance and insurance
0.9
4.1
0.1
0.9
3.9
0.1
Property and business services
0.8
4.3
0.1
-0.6
3.4
-0.1
Government administration and defence
0.9
2.2
-
1.5
2.6
0.1
Education
0.3
1.3
-
0.4
1.4
-
Health and community services
0.8
3.4
-
-0.1
3.0
-
Cultural and recreational services
-0.4
2.3
-
-5.2
0.4
-0.1
Personal and other services
-
-0.4
-
0.8
0.3
-
Ownership of dwellings
0.9
3.7
0.1
0.9
3.7
0.1
Taxes less subsidies on products
0.7
4.2
0.1
0.5
4.6
-
Statistical discrepancy (P)
. .
. .
-0.5
. .
. .
-0.5
Gross domestic product
0.8
3.7
0.8
0.2
3.2
0.2

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



MARCH QUARTER

Summary Comments

Agriculture, Forestry and Fishing

  • The trend estimate rose by 6.5% and the seasonally adjusted estimate increased by 5.5%, continuing the rebound in agricultural production from the 2002-03 drought.

Manufacturing
  • Rose by 1.0% in trend terms and by 1.9% in seasonally adjusted terms. Most sectors recorded positive growth.

Construction
  • Increased by 2.0% in trend terms but the seasonally adjusted estimate fell by 1.4%. Activity was lower in both the housing and non-residential building segments of the industry.

Transport and storage
  • This industry showed a 3.4% increase in trend terms and 3.3% growth seasonally adjusted. Except for rail transport, all transport industries showed positive growth. The major contributor was road freight which in recent quarters has experienced sustained demand for grain and livestock transportation.

Property and business services
  • This industry rose 0.8% in trend terms but fell 0.6% in seasonally adjusted terms.

Wholesale and Retail Trade
  • In trend terms wholesale trade rose by 3.1% (up 4.2% seasonally adjusted) and retail trade rose by 1.4% (up 1.1% seasonally adjusted). Much of the growth in wholesale trade occurred in farm produce wholesaling and machinery and motor vehicle wholesaling. For retail trade the major impact came from an increase in purchases of motor vehicles.

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