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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MAIN FEATURES PRODUCTION CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change
Dec 16
to Mar 17
% change Mar 16 to Mar 17
% points contributions to growth in GDP Dec 16 to Mar 17
% change
Dec 16
to Mar 17
% change Mar 16 to Mar 17
% points contributions to growth in GDP Dec 16 to Mar 17

Agriculture, forestry and fishing
2.3
21.7
0.1
-5.6
14.7
-0.1
Mining
1.2
1.3
0.1
0.5
-0.7
-
Manufacturing
-0.9
-2.4
-0.1
-1.0
-2.4
-0.1
Electricity, gas, water and waste services
1.0
1.1
-
3.1
2.7
0.1
Construction
-0.8
-5.7
-0.1
1.1
-4.4
0.1
Wholesale trade
2.1
8.6
0.1
1.9
9.1
0.1
Retail trade
0.3
0.7
-
0.6
0.9
-
Accommodation and food services
-0.3
0.7
-
1.0
1.2
-
Transport, postal and warehousing
1.1
3.0
0.1
2.0
3.6
0.1
Information media and telecommunications
0.8
3.1
-
0.1
2.7
-
Financial and insurance services
0.9
3.8
0.1
1.3
4.0
0.1
Rental, hiring and real estate services
0.6
1.6
-
0.7
3.8
-
Professional, scientific and technical services
1.5
7.1
0.1
1.2
7.7
0.1
Administrative and support services
-0.3
-1.0
-
1.9
0.4
-
Public administration and safety
1.1
3.8
0.1
0.3
2.8
-
Education and training
0.4
1.8
-
0.4
1.7
-
Health care and social assistance
1.0
4.6
0.1
1.3
5.2
0.1
Arts and recreation services
0.1
-0.2
-
0.4
0.1
-
Other services
-0.4
-1.2
-
-3.6
-1.1
-0.1
Ownership of dwellings
0.5
2.2
-
0.5
2.2
-
Taxes less subsidies on products
-1.0
-1.3
-0.1
-1.4
-1.5
-0.1
Statistical discrepancy (P)
na
na
-0.1
na
na
-0.2
Gross domestic product
0.4
1.7
0.4
0.3
1.7
0.3

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



MARCH QUARTER

Summary Comments

Overview
  • Service industries drove the March quarter result for gross value added (GVA) with strength recorded in all service industries except Other Services. Wholesale Trade, Transport, Postal and Warehousing, Financial and Insurance Services, Professional, Scientific and Technical Services, and Health Care and Social Assistance each contributed 0.1 percentage points to growth in the March quarter while sustaining a positive through the year contribution to growth.

Agriculture, forestry and fishing
  • The seasonally adjusted estimate fell 5.6%. This was driven by falls in grains and other crops, with livestock partially offsetting this decrease. An increase in input costs also contributed to the fall. Through the year Agriculture, Forestry and Fishing has increased 14.7% reflecting the strong grain crop harvested this year.

Mining
  • The seasonally adjusted estimate rose 0.5%. The rise was driven by Oil and Gas Extraction (3.1%), Coal Mining (1.6%), and Other Mining (0.9%). A fall in Iron Ore Mining (-1.5%) partially offset this growth. This was only the second quarterly decline in Iron Ore Mining since March quarter 2011.

Manufacturing
  • The seasonally adjusted estimate fell 1.0%. The decline was driven by Food, Beverage and Tobacco Products (-3.5%) and Metal Products (-2.4%). Manufacturing GVA has declined in 10 of the last 11 quarters.

Electricity, Gas, Water and Waste Services
  • The seasonally adjusted estimate rose 3.1% this quarter. This is the largest increase for this division since December quarter 2009. Electricity Supply (3.1%) and Water Supply and Waste Services (3.4%) contributed to the rise, Gas Supply (-0.5%) partially offset the positive result. This aligns with the 2.9% increase in household final consumption expenditure for electricity, gas and other fuel.

Construction
  • The seasonally adjusted estimate rose 1.1% driven by rises in Heavy and Civil Engineering, Construction Services and Non-Residential Building Construction. A fall in Residential Building Construction partially offset the rise. Through the year Construction has fallen 4.4% on the back of consistent declines in Heavy and Civil Engineering, which is experiencing its first rise in 13 quarters.

Wholesale trade
  • The seasonally adjusted estimate rose 1.9% driven by rises across most subdivisions. Strong grain yields continue to support the growth in Wholesale Trade which has grown 9.1% through the year.

Transport, Postal and Warehousing
  • The seasonally adjusted estimate rose 2.0% this quarter. This was the largest rise for this industry since March 2013. Road Transport (1.7%), Rail Transport (2.6%) and Air and Space Transport (1.3%) were the major contributors to this result.

Professional, scientific and technical services
  • The seasonally adjusted estimate rose 1.2%. This is the fifth consecutive quarter of growth for this division. This increase was partially offset by Computer System Design and Related Services which fell 0.9%.