Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2014 Released Today  
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

JUNE KEY FIGURES

Mar Qtr 2014 to Jun Qtr 2014
Jun Qtr 2013 to Jun Qtr 2014
% change
% change

GDP (Chain volume measure)
Trend
0.7
3.2
Seasonally adjusted
0.5
3.1
Final consumption expenditure (Chain volume measure)
Trend
0.5
2.2
Seasonally adjusted
0.5
2.2
Gross fixed capital formation (Chain volume measure)
Trend
0.8
-1.7
Seasonally adjusted
0.3
-0.9
GDP chain price index
Original
-0.5
0.5
Terms of trade
Seasonally adjusted
-4.1
-7.9
Real net national disposable income
Trend
0.4
1.6
Seasonally adjusted
-0.2
1.0


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




JUNE KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.7% in the June quarter 2014. Gross value added per hour worked in the market sector rose 0.9% and the Terms of trade fell 1.6%.
  • In seasonally adjusted terms, GDP increased by 0.5% in the June quarter. The Terms of trade decreased 4.1%, and Real gross domestic income decreased 0.3%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the contributors to the increase in expenditure on GDP were Changes in inventories (0.9 percentage points), Final consumption expenditure (0.3 percentage points) and Private gross fixed capital formation (0.3 percentage points). The main detractors were Net exports (-0.9 percentage points) and Public gross fixed capital formation (-0.2 percentage points).


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP growth were Manufacturing (up 2.1%), Construction (up 1.4%) and Accommodation and food services (up 4.5%) each contributing 0.1 percentage points to the increase in GDP. The main detractor was Mining (down 1.4%) detracting 0.2 percentage points from growth in GDP.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2014 3 December 2014
December 2014 4 March 2015
March 2015 3 June 2015
June 2015 2 September 2015



REVISIONS IN THIS ISSUE

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


HOURS WORKED ESTIMATES

Estimates of aggregate hours worked and other subsequently calculated estimates (such as GDP per hour worked) for June quarter 2014 may be impacted by a seasonal adjustment treatment highlighted in the April 2014 release of Labour Force, Australia (cat no 6202.0). Seasonal corrections were not applied to take into account the unusually close proximity of the timing of ANZAC Day and Easter holidays in April 2014.


FEATURE ARTICLE

This issue includes a feature article titled Complementing GDP analysis with a household perspective on page 18.


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


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>.




Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.