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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2004   
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Trend
Seasonally adjusted
Quarterly % change Sep 03 to Dec 03
Annual % change Dec 02 to Dec 03
% points contribution to growth in GDP Sep 03 to Dec 03
Quarterly % change Sep 03 to Dec 03
Annual % change Dec 02 to Dec 03
% points contribution to growth in GDP Sep 03 to Dec 03

New South Wales
1.2
4.8
0.4
1.8
4.5
0.6
Victoria
0.9
3.3
0.2
1.5
3.5
0.4
Queensland
3.1
8.5
0.6
4.8
8.9
0.9
South Australia
0.6
5.3
-
-0.2
4.3
-
Western Australia
1.8
9.2
0.2
0.6
7.6
0.1
Tasmania
2.1
7.0
-
3.2
7.8
0.1
Northern Territory
2.0
8.3
-
-0.2
4.1
-
Australian Capital Territory
0.4
4.6
-
0.2
3.3
-
Australia (DFD)
1.7
5.9
1.7
2.1
5.5
2.1

- nil or rounded to zero (including null cells)


December Quarter

Summary Comments

State Final Demand
  • In trend terms growth in the December quarter was strongest in Queensland (up 3.1%) and Tasmania (up 2.1%) and weakest in the ACT (up 0.4%). In seasonally adjusted terms, Queensland (up 4.8%) and Tasmania (up 3.2%) showed the strongest growth. Both states had strong growth in household final consumption expenditure and public GFCF, and Queensland had strong growth in private GFCF. Seasonally adjusted growth was weakest in South Australia and the Northern Territory (down 0.2%).

Household final consumption expenditure
  • Trend growth in the December quarter ranged from 0.8% in South Australia to 2.6% in Queensland. Strong growth in seasonally adjusted terms was recorded in all states with strongest growth in Queensland, South Australia and the Northern Territory. The patterns of growth largely reflected the movements in chain volume retail turnover for each state.

Government final consumption expenditure
  • In trend terms, all states experienced growth in government final consumption expenditure except the Northern Territory and South Australia. Seasonally adjusted growth was strongest in Western Australia (up 1.1%) followed by Victoria and Tasmania increasing 0.9%. South Australia and the Northern Territory experienced falls.

Private gross fixed capital formation
  • The pattern of growth in trend terms varied across the states. The ACT had negative trend movements in the December quarter while the Northern Territory and Queensland had very strong growth at 6.0% and 5.9% respectively. In the December quarter, seasonally adjusted growth was strongest in Queensland (up 10.6%) and New South Wales (up 4.4%).

Public gross fixed capital formation
  • There was a range of movements in trend growth rates. Tasmania was strongest at 7.6% while the Northern Territory fell by 7.9%. In seasonally adjusted terms, Tasmania (up 35.5%) and Queensland (up 32.2%) experienced the strongest growth while South Australia, Western Australia and the Northern Territory experienced declines.


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