5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2013   
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4 December 2013
Embargo: 11.30 am (Canberra time)
Australian economy grows 0.6 per cent

Latest Australian Bureau of Statistics (ABS) figures show that GDP, in seasonally adjusted volume terms, grew 0.6 per cent in the September quarter 2013.

Growth for the quarter was driven by a 0.7 per cent contribution from Net Exports and a 0.4 per cent contribution from Final consumption expenditure. These increases were partially offset by a -0.5 per cent contribution from Changes in inventories.

The Mining industry drove the growth in the September quarter contributing 0.3 per cent to GDP. The Construction, Transport, postal and warehousing, Financial and insurance services, Public administration and safety and Health care and social assistance industries each contributed 0.1 per cent to the increase in GDP.

The September quarter saw the Terms of trade decrease -3.3 per cent.

Further details can be found in Australian National Accounts: National Income, Expenditure and Product, (cat no. 5206.0)

Media Note:

When reporting ABS data, the Australian Bureau of Statistics (or ABS) must be attributed as the source.