5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2010 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/12/2010
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Australian economic growth slows
Latest ABS figures show that GDP, in seasonally adjusted volume terms, grew 0.2% in the September quarter 2010, after growing 1.1% in the June quarter.
The growth was driven by a 0.6% increase in household expenditure and a 0.9% increase in gross fixed capital expenditure. This growth was partially offset by a strong fall in net exports, the fall in net exports was due to a 2.4% fall in exports and a 0.5% fall in imports.
The industry that drove growth in the September quarter was agriculture, forestry and fishing with an 18.5% increase in seasonally adjusted volume terms driven by strong crop forecasts.
Further details can be found in Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) available for free download on the ABS website at www.abs.gov.au
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