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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2004   
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Trend
Seasonally adjusted
Quarterly % change Dec 03 to Mar 04
Annual % change Mar 03 to Mar 04
% points contribution to growth in DFD Dec 03 to Mar 04
Quarterly % change Dec 03 to Mar 04
Annual % change Mar 03 to Mar 04
% points contribution to growth in DFD Dec 03 to Mar 04

New South Wales
0.9
4.0
0.3
0.4
3.8
0.1
Victoria
1.5
4.8
0.4
1.6
4.7
0.4
Queensland
2.0
8.8
0.4
-1.0
7.2
-0.2
South Australia
0.5
4.0
-
1.3
4.7
0.1
Western Australia
0.9
7.9
0.1
0.3
8.2
-
Tasmania
1.7
8.7
-
1.1
8.9
-
Northern Territory
0.9
8.8
-
2.2
12.3
-
Australian Capital Territory
0.1
2.3
-
0.8
2.8
-
Australia (DFD)
1.3
5.6
1.3
0.2
5.2
0.2

- nil or rounded to zero (including null cells)



MARCH QUARTER

Summary Comments

State Final Demand

  • In trend terms growth in the March quarter was strongest in Queensland (up 2.0%) and Tasmania (up 1.7%) and weakest in the ACT (up 0.1%). In seasonally adjusted terms, the Northern Territory (up 2.2%) and Victoria (up 1.6%) showed the strongest growth. The major contributors to growth in both states were household final consumption expenditure and private gross fixed capital formation. Seasonally adjusted growth was weakest in Queensland (down 1.0%) due mainly to a decline in gross fixed capital formation.

Household final consumption expenditure
  • Trend growth in the March quarter ranged from 0.5% in the ACT to 2.3% in Queensland. Growth in seasonally adjusted terms was recorded in all states with strongest growth in Victoria (up 2.0%), Queensland (up 1.6%) and Western Australia (up 1.5%).

Government final consumption expenditure
  • In trend terms, all states experienced growth in government final consumption expenditure except Queensland and the Northern Territory. Seasonally adjusted growth was strongest in South Australia, the ACT and Victoria up 2.2%, 0.6% and 0.5% respectively. Queensland was down 1.1%.

Private gross fixed capital formation
  • The pattern of growth in trend terms varied across the states. Tasmania showed the strongest growth at 5.5% in the March quarter followed by Victoria and the Northern Territory at 2.6%. The ACT, South Australia and Western Australia all had negative trend movements. Seasonally adjusted growth was also strongest in Tasmania (up 13.8%) followed by the Northern Territory (up 7.1%). Queensland had the largest fall (down 6.6%) followed by the ACT (down 4.9%).

Public gross fixed capital formation
  • In trend terms, all states experienced declines in the March quarter except for the ACT and Queensland. In seasonally adjusted terms, the strongest growth occurred in the ACT (up 26.9%) with the Northern Territory and New South Wales also increasing (9.9% and 2.0% respectively). The remaining states all experienced declines.

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