5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2018   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES


Trend
Seasonally adjusted


% Change
% Change
% points contribution to
% Change
% Change
% points contribution to
Mar 18 to
Jun 17 to
growth in GDP
Mar 18 to
Jun 17 to
growth in GDP
Jun 18
Jun 18
Mar 18 to Jun 18
Jun 18
Jun 18
Mar 18 to Jun 18

Final consumption expenditure
General government
1.3
5.2
0.3
1.0
5.1
0.2
Households
0.7
3.1
0.4
0.7
3.0
0.4
Gross fixed capital formation
Private
Dwellings
2.2
4.2
0.1
1.7
3.8
0.1
Ownership transfer costs
0.1
-3.0
-
-0.3
-4.5
-
Non-dwelling construction
-1.4
1.0
-0.1
-1.2
15.4
-0.1
Machinery and equipment
0.5
7.7
-
-1.6
6.7
-0.1
Cultivated biological resources
-2.4
-6.4
-
-3.5
-5.0
-
Intellectual property products
1.6
4.6
-
2.7
4.9
0.1
Public
-
1.0
-
-
-8.1
-
Changes in inventories
na
na
na
na
na
-
Gross national expenditure
0.8
3.7
0.8
0.5
4.0
0.6
Exports of goods and services
1.2
3.6
0.2
1.1
3.7
0.2
Imports of goods and services
1.1
5.9
-0.2
0.4
6.2
-0.1
Statistical discrepancy (E)
na
na
0.1
na
na
0.2
Gross domestic product
0.9
3.4
0.9
0.9
3.4
0.9

- nil or rounded to zero (including null cells)
na not available

JUNE QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.7% in seasonally adjusted terms. This was driven by rises in food (1.3%), recreation and culture (1.0%) and insurance and other financial services (0.9%). There were falls in purchase of vehicles (-1.8%), transport services (-0.5%) and hotels, cafes and restaurants (-0.3%). Government final consumption expenditure increased 1.0% in seasonally adjusted terms. State and local government consumption rose 0.4%, while national government consumption increased by 1.9%.

Gross fixed capital formation
  • Gross fixed capital formation was flat this quarter in seasonally adjusted terms. Private investment recorded no movement, with a rise in total dwellings (1.7%) offset by falls in machinery and equipment (-1.6%), and non-dwelling construction (-1.2%). Public investment was also flat this quarter. A rise for the general government sector (2.2%) was offset by a fall for public corporations (-5.8%).

Changes in inventories
  • Total inventories increased $1,160m in seasonally adjusted terms following an increase of $1,242m last quarter. The increase was driven by Wholesale Trade inventories, which recorded a strong build up for the second consecutive quarter. Public Authorities and Mining industry inventories increased during the quarter.

Exports and imports of goods and services
  • Exports of goods and services rose 1.1% in seasonally adjusted terms. Exports of goods rose 1.1% with non-rural exports up (1.4%) and rural exports up (3.9%). Exports of services rose 1.2%.
  • Imports of goods and services rose 0.4% in seasonally adjusted terms. Seasonally adjusted imports of goods rose 1.7% driven by rises in both capital goods (4.4%) and consumption goods (1.6%). There was a decline in imports of intermediate goods (-1.0%). Imports of services fell 3.8%.