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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/03/2012   
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DECEMBER KEY FIGURES

% change Sep qtr 11 to Dec qtr 11
% change Dec qtr 10 to Dec qtr 11

GDP (Chain volume measure)
Trend
0.8
2.8
Seasonally adjusted
0.4
2.3
Final consumption expenditure (Chain volume measure)
Trend
0.6
2.9
Seasonally adjusted
0.7
3.0
Gross fixed capital formation (Chain volume measure)
Trend
1.9
8.9
Seasonally adjusted
-1.1
8.2
GDP chain price index
Original
-0.9
3.2
Terms of trade
Seasonally adjusted
-4.7
7.0
Real net national disposable income
Trend
1.1
5.9
Seasonally adjusted
-0.9
4.9


GDP growth rates, Volume measures, quarterly change
Graph: GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted
Graph: Contributions to GDP growth, Seasonally adjusted




DECEMBER KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP and Non-farm GDP both increased 0.8% in the December 2011 quarter. Gross value added per hour worked in the market sector increased 0.8% and the Terms of trade rose 0.5%.
  • In seasonally adjusted terms, GDP and Non-farm GDP both increased by 0.4% in the December quarter. The Terms of trade fell 4.7% and Real gross domestic income fell 0.6%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main contributors to expenditure on GDP were Household final consumption expenditure (0.3 percentage points), Inventories (0.3 percentage points) and Net exports (0.3 percentage points) with Private gross fixed capital formation detracting 0.4 percentage points.


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP were Financial and insurance services (up 1.4%) and Manufacturing (up 1.2%). Both industries contributed 0.1 percentage points to the increase in GDP.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2012 6 June 2012
June 2012 5 September 2012
September 2012 5 December 2012
December 2012 6 March 2013



REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment. For example this includes the incorporation of the latest available Coal mining data.

An improvement to the methodology for compiling the chain volume measures in Agriculture has been introduced this quarter.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711, email <national.accounts@ abs.gov.au>.





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