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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2010   
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MARCH KEY FIGURES

% change Dec qtr 09 to Mar qtr 10
% change Mar qtr 09 to Mar qtr 10

GDP (Chain volume measure)
Trend
0.6
2.7
Seasonally adjusted
0.5
2.7
Final consumption expenditure (Chain volume measure)
Trend
0.8
3.3
Seasonally adjusted
0.6
3.5
Gross fixed capital formation (Chain volume measure)
Trend
2.3
6.6
Seasonally adjusted
0.5
6.7
GDP chain price index
Original
1.6
0.3
Terms of trade
Seasonally adjusted
4.2
0.3
Real net national disposable income
Trend
1.3
1.2
Seasonally adjusted
1.8
1.5


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




MARCH KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.6% and Non-farm GDP increased 0.7% in the March 2010 quarter. GDP per hour worked in the market sector rose 0.3% and the Terms of Trade rose 3.6%.
  • In seasonally adjusted terms, GDP increased by 0.5% in the March quarter. Non-farm GDP grew 0.7%. The Terms of trade rose 4.2% and Real gross domestic income rose 1.3%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main positive contributors to expenditure on GDP were Public gross fixed capital formation (0.7 percentage points) and Household final consumption expenditure (0.3 percentage points). The largest negative contributor was Private gross fixed capital formation (-0.6 percentage points).


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, Transport, postal and warehousing, Finance and insurance services, and Professional, scientific and technical services all contributed 0.2 percentage points to GDP growth.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2010 1 September 2010
September 2010 1 December 2010
December 2010 2 March 2011
March 20111 June 2011



REVISIONS IN THIS ISSUE

There are quarterly revisions due to the incorporation of more up-to-date source data and changes to seasonal adjustment factors. The main component affected by the changes in seasonal adjustment factors is Gross Value Added for the Rental, Hiring and Leasing industry.

Chain volume measures of goods exports have been revised due to the updating of prices in the weighting structure used to aggregate components. The prices have been updated to 2007-08 prices.

Household Final Consumption Expenditure series have been revised following a review of data sources and methodologies.


SUPPRESSION OF TREND ESTIMATES

Trend estimates for series impacted by the Government's Economic Security and Stimulus payments to Households (including Household Final Consumption Expenditure and Household Net Saving) have been suppressed due to the difficulty in assessing the impact of the one off payments on the trend series.


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, <national.accounts@abs.gov.au>



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