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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/06/2011   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

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

Final consumption expenditure
General government
0.9
4.1
0.2
1.4
4.6
0.2
Households
0.6
3.1
0.3
0.6
3.4
0.3
Gross fixed capital formation
Private
Dwellings
1.0
2.5
0.1
4.6
6.6
0.3
Ownership transfer costs
-5.4
-19.3
-0.1
0.1
-16.8
-
Non-dwelling construction
0.9
8.6
0.1
1.3
8.7
0.1
Machinery and equipment
3.9
2.6
0.2
6.0
5.7
0.4
Cultivated biological resources
-2.9
2.0
-
-3.4
2.5
-
Intellectual property products
0.4
1.9
-
1.2
2.1
-
Public
-0.2
-0.7
-
-0.7
-6.0
-
Changes in inventories
na
na
0.1
na
na
-0.5
Gross national expenditure
0.9
3.1
0.9
0.8
3.1
0.8
Exports of goods and services
-2.9
-2.3
-0.7
-8.7
-3.4
-2.1
Imports of goods and services
1.9
8.2
-0.5
1.3
9.0
-0.3
Statistical discrepancy (E)
na
na
0.1
na
na
0.4
Gross domestic product
-0.2
1.2
-0.2
-1.2
1.0
-1.2

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



MARCH QUARTER

Summary Comments

Final Consumption Expenditure
  • Government final consumption expenditure increased 1.4% and Household final consumption expenditure increased 0.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Recreation and culture (up 1.0%) and Food (0.8%).

Gross fixed capital formation
  • Gross fixed capital formation increased 2.4% in seasonally adjusted terms. Total private gross fixed capital formation increased 3.4%, reflecting a rise in Total dwellings (up 4.6%) and Total machinery and equipment (up 6.0%). Public gross fixed capital formation decreased 0.7%. This was driven by a decrease in Total public corporations investment (down 3.0%).

Changes in inventories
  • Total inventories increased $916m in seasonally adjusted terms compared with an increase of $2,461m last quarter. The change in inventories detracted 0.5 percentage points from GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services decreased 8.7% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 10.1%, driven by Non-rural exports (down 11.9%).
  • Imports of goods and services increased 1.3% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 0.8%, with capital good imports being the main driver (up 5.0%).


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