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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2008   
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MAIN FEATURES INCOME AT CURRENT PRICES

Trend
Seasonally adjusted
% change Mar 08 to Jun 08
% change Jun 07 to Jun 08
% points contribution to growth in GDP Mar 08 to Jun 08
% change Mar 08 to Jun 08
% change Jun 07 to Jun 08
% points contribution to growth in GDP Mar 08 to Jun 08

Compensation of employees
1.6
6.7
0.8
1.8
6.6
0.9
Gross operating surplus
Private
np
np
np
12.0
17.7
2.4
Other
np
np
np
3.8
10.4
0.5
Gross mixed income
-0.5
6.5
-
-2.0
7.2
-0.2
Taxes less subsidies on production and imports
-0.3
3.6
-
-2.4
1.6
-0.3
Statistical discrepancy (I)
. .
. .
0.2
. .
. .
0.2
Gross domestic product
2.4
8.7
2.4
3.5
9.6
3.5

. . not applicable
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated



JUNE QUARTER

Summary Comments

Compensation of employees (COE)
  • The trend increase of 1.6% reflected a rise of 1.0% in average earnings and a 0.7% rise in the number of wage & salary earners. Seasonally adjusted, COE grew by 1.8%, reflecting growth in average earnings of 1.6% and of the number of wage and salary earners by 0.2%. Seasonally adjusted, COE represented 52.4% of Total factor income.
Wages (a) share of total factor income: Trend
Graph: Wages (a) share of total factor income: Trend


Gross operating surplus (GOS)
  • Trend GOS of corporations increased by 5.2%, and in seasonally adjusted terms increased by 10.8%. Seasonally adjusted, GOS of corporations represents 28.5% of Total factor income. This share is the highest since the start of the series, driven by large profits in the mining industry as a result of high iron ore and coal prices.
Profit (a) share of total factor income: Trend
Graph: Profit (a) share of total factor income: Trend



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