5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/12/2018   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES



Trend
Seasonally adjusted


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

Final consumption expenditure
General government
0.7
4.0
0.1
0.5
4.8
0.1
Households
0.5
2.5
0.3
0.3
2.5
0.2
Gross fixed capital formation
Private
Dwellings
1.8
7.5
0.1
1.0
7.1
0.1
Ownership transfer costs
-1.5
-5.4
-
-4.2
-7.1
-0.1
Non-dwelling construction
-2.1
-4.3
-0.1
-3.8
-7.6
-0.2
Machinery and equipment
0.2
4.5
-
1.3
4.5
0.1
Cultivated biological resources
0.5
-7.3
-
1.3
-5.6
-
Intellectual property products
1.8
6.7
-
0.9
6.5
-
Public
1.3
3.3
0.1
3.4
3.8
0.2
Changes in inventories
na
na
na
na
na
-0.3
Gross national expenditure
0.4
3.0
0.4
-
2.7
-
Exports of goods and services
1.3
5.7
0.3
0.1
4.1
-
Imports of goods and services
-0.1
3.0
-
-1.5
1.5
0.3
Statistical discrepancy (E)
na
na
-0.1
na
na
-0.1
Gross domestic product
0.6
3.0
0.6
0.3
2.8
0.3

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

SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.3% in seasonally adjusted terms. This was driven by rises in insurance and other financial services (1.6%), food (0.8%) and transport services (1.8%). There were falls in operation of vehicles (-1.0%), other goods and services (-0.7%) and purchase of vehicles (-1.3%). Government final consumption expenditure increased 0.5% in seasonally adjusted terms. National government consumption rose 1.9%, while state and local government consumption decreased by 0.5%.

Gross fixed capital formation
  • Gross fixed capital formation increased 0.1% in seasonally adjusted terms. Public investment rose 3.4% with rises across both public corporations (4.8%) and the general government sector (2.9%). Private investment decreased 0.8%, driven by non-dwelling construction (-3.8%) and ownership transfer costs (-4.2%). Partly offsetting the falls were increases in machinery and equipment (1.3%) and dwellings (1.0%).

Changes in inventories
  • Total inventories increased $47m in seasonally adjusted terms following an increase of $1,223m last quarter. The increase was driven by a build up in Retail Trade inventories, which exhibited its largest rise since December quarter 2015. Wholesale Trade, Manufacturing and Mining fell this quarter, partially offsetting the result.

Exports and imports of goods and services
  • Exports of goods and services rose 0.1% in seasonally adjusted terms. Exports of goods fell 1.1% with non-rural exports down (-1.7%) and rural exports up (0.5%). Exports of services rose 4.5%.
  • Imports of goods and services fell 1.5% in seasonally adjusted terms. Seasonally adjusted imports of goods fell 1.9% driven by falls in both consumption goods (-2.5%) and capital goods (-2.2%). There was a rise in imports of intermediate goods (0.2%). Imports of services were flat.