5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/06/2013   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Dec 12 to Mar 13
% change Mar 12 to Mar 13
% points contributions to growth in GDP Dec 12 to Mar 13
% change Dec 12 to Mar 13
% change Mar 12 to Mar 13
% points contributions to growth in GDP Dec 12 to Mar 13

Final consumption expenditure
General government
-0.2
0.1
-
0.5
0.5
0.1
Households
0.4
2.2
0.2
0.6
2.0
0.3
Gross fixed capital formation
Private
Dwellings
1.4
3.5
0.1
-
2.7
-
Ownership transfer costs
1.4
1.3
-
0.6
-0.5
-
Non-dwelling construction
-1.7
2.2
-0.1
7.6
5.3
0.6
Machinery and equipment
-3.5
-5.7
-0.2
-6.9
-7.8
-0.4
Cultivated biological resources
-3.1
-3.2
-
-0.6
-0.5
-
Intellectual property products
0.7
5.9
-
-1.3
5.9
-
Public
0.5
2.2
-
-15.3
-5.8
-0.9
Changes in inventories
-
-
-0.2
na
na
-0.4
Gross national expenditure
-0.3
1.0
-0.3
-0.6
0.3
-0.6
Exports of goods and services
1.7
7.1
0.4
1.1
8.1
0.3
Imports of goods and services
-1.3
-1.8
0.3
-3.5
-3.2
0.7
Statistical discrepancy (E)
na
na
0.1
na
na
0.2
Gross domestic product
0.6
2.6
0.6
0.6
2.5
0.6

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



MARCH QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Food (0.2 percentage points), Furnishings and household equipment (0.2 percentage points ) and Rent and other dwelling services (0.1 percentage points). The main detractors were Purchase of Vehicles (-0.1 percentage points) and Transport services (-0.1 percentage points). Government final consumption expenditure increased 0.5% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation fell 2.3% in seasonally adjusted terms. Total private gross fixed capital formation rose 0.9%. This increase is largely due to the sale of the Wonthaggi desalination plant to the public corporations sector in the December quarter and is reflected in Net purchases of second hand assets. The size of the sale had the effect of increasing Total non-dwelling construction (7.6%) in the March quarter, despite falls in New building (-1.1%) and New engineering construction (-5.7%). The opposite effect occurred in the December quarter where there was a fall in Total non-dwelling construction (-9.4%), but increases in New building (4.3%) and New Engineering construction (2.9%). For March quarter 2013, Total Public gross fixed capital formation decreased 15.3%, driven by Total public corporations (-39.0%). This was partially offset by an increase in Total general government (3.9%).

Changes in inventories
  • Total inventories decreased $794m in seasonally adjusted terms compared with an increase of $681m last quarter. The Change in inventories detracted 0.4 percentage points from GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services increased 1.1% in seasonally adjusted terms. Seasonally adjusted Exports of goods increased 1.1%, with Non-rural exports up 2.0% and Rural exports down 1.9%.
  • Imports of goods and services decreased 3.5% in seasonally adjusted terms. Seasonally adjusted Imports of goods decreased 4.4%, with Capital goods imports down 12.3% and Consumption goods up 2.3%.