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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2010   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

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

Final consumption expenditure
General government
1.2
4.8
0.2
0.8
4.9
0.1
Households
0.6
2.8
0.3
0.6
3.1
0.3
Gross fixed capital formation
Private
Dwellings
1.8
4.5
0.1
-1.0
1.7
-0.1
Ownership transfer costs
-0.9
11.4
-
-0.3
12.1
-
Non-dwelling construction
-2.1
-9.3
-0.1
-2.5
-8.0
-0.2
Machinery and equipment
0.9
2.1
0.1
-5.7
0.2
-0.4
Cultivated biological resources
-2.7
3.2
-
-2.3
4.7
-
Intellectual property products
2.2
6.7
0.1
3.2
7.0
0.1
Public
7.1
32.0
0.5
11.6
39.5
0.7
Changes in inventories
na
na
0.2
na
na
0.2
Gross national expenditure
1.4
5.6
1.5
0.8
5.7
0.8
Exports of goods and services
0.2
2.1
-
-0.5
1.8
-0.1
Imports of goods and services
4.7
14.4
-1.0
1.8
15.7
-0.4
Statistical discrepancy (E)
na
na
0.1
na
na
0.2
Gross domestic product
0.6
2.7
0.6
0.5
2.7
0.5

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



MARCH QUARTER

Summary Comments

Final Consumption Expenditure
  • Government final consumption expenditure increased 0.8% and Household final consumption expenditure increased 0.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Insurance and other financial services (up 2.2%) and Recreation and culture (up 1.6%).

Gross fixed capital formation
  • Gross fixed capital formation increased 0.5% in seasonally adjusted terms. Total private gross fixed capital formation decreased 2.4%, reflecting a fall in Machinery and equipment investment (down 5.7%). Public gross fixed capital formation rose 11.6%, driven by General government, State and local investment (up 16.8%).

Changes in inventories
  • Total inventories rose by $1203m in seasonally adjusted terms compared with an increase of $644m last quarter. The change in inventories contributed 0.2 percentage points to GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services fell -0.5% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 1.3%, driven by Non-rural exports (down 2.2%).
  • Imports of goods and services rose 1.8% in seasonally adjusted terms. Seasonally adjusted Imports of services rose 3.6%, while Imports of goods rose 1.3%.


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