5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/06/2017   
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MARCH KEY FIGURES

Dec Qtr 2016 to Mar Qtr 2017
Mar Qtr 2016 to Mar Qtr 2017
% change
% change

GDP (Chain volume measure)
Trend
0.4
1.7
Seasonally adjusted
0.3
1.7
Final consumption expenditure (Chain volume measure)
Trend
0.6
2.3
Seasonally adjusted
0.6
2.5
Gross fixed capital formation (Chain volume measure)
Trend
0.3
-0.5
Seasonally adjusted
-0.6
-0.4
GDP chain price index
Original
2.2
7.3
Terms of trade
Seasonally adjusted
6.6
24.8
Real net national disposable income
Trend
1.7
6.2
Seasonally adjusted
1.2
5.6


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

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




MARCH KEY POINTS


GDP SUMMARY
  • The Australian economy grew by 0.3% in seasonally adjusted chain volume terms in the March quarter.
  • Compensation of employees increased 1.0% and total corporations gross operating surplus increased 6.2%.
  • 17 out of 20 industries recorded growth in the March quarter.
  • Net exports detracted 0.7 percentage points from growth.
  • Investment in total dwellings fell 4.4% in the quarter.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2017 6 September 2017
September 2017 6 December 2017
December 2017 7 March 2018
March 2018 6 June 2018



REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.

There are revisions to seasonally adjusted current price series related to mining from September quarter 2005 onwards. Revisions are driven by an improvement to the seasonal adjustment method whereby seasonal factors derived from the corresponding chain volume measures are used to seasonally adjust the current price values for selected components. For more information please refer to Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).


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INQUIRIES

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