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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2012   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Mar 12 to Jun 12
% change Jun 11 to Jun 12
% points contributions to growth in GDP Mar 12 to Jun 12
% change Mar 12 to Jun 12
% change Jun 11 to Jun 12
% points contributions to growth in GDP Mar 12 to Jun 12

Final consumption expenditure
General government
0.9
3.0
0.2
1.6
3.1
0.3
Households
1.1
4.2
0.6
0.6
4.0
0.3
Gross fixed capital formation
Private
Dwellings
-2.0
-6.8
-0.1
-1.7
-6.7
-0.1
Ownership transfer costs
-0.3
2.1
-
-2.2
0.8
-
Non-dwelling construction
4.7
37.7
0.4
2.1
48.0
0.2
Machinery and equipment
-1.4
1.2
-0.1
-0.2
3.7
-
Cultivated biological resources
1.0
13.1
-
7.1
20.7
-
Intellectual property products
0.9
4.4
-
2.4
5.2
0.1
Public
2.0
0.6
0.1
2.8
0.3
0.2
Changes in inventories
na
na
-
na
na
-0.3
Gross national expenditure
1.1
5.3
1.1
0.6
5.4
0.6
Exports of goods and services
0.8
5.6
0.1
2.5
6.6
0.5
Imports of goods and services
0.8
8.1
-0.2
0.9
9.1
-0.2
Statistical discrepancy (E)
na
na
-0.2
na
na
-0.2
Gross domestic product
0.8
3.8
0.8
0.6
3.7
0.6

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



JUNE QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Purchase of Vehicles (0.3 percentage points), Rent and other dwelling services (0.1 percentage points), Health (0.1 percentage points) and Furnishings and household equipment (0.1 percentage points). Government final consumption expenditure increased 1.6% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation increased 1.0% in seasonally adjusted terms. Total private gross fixed capital formation increased 0.6%, reflecting a rise in Total non-dwelling construction (up 2.1%). This was offset by falls in Total dwellings (down 1.7%) and Total machinery and equipment (down 0.2%). Public gross fixed capital formation increased 2.8%.

Changes in inventories
  • Total inventories increased $829m in seasonally adjusted terms compared with an increase of $1 767m last quarter. The change in inventories detracted 0.3 percentage points from GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services increased 2.5% in seasonally adjusted terms. Seasonally adjusted Exports of goods increased 2.8%, with Rural exports up 6.9%, and Non-rural exports up 0.4%.
  • Imports of goods and services increased 0.9% in seasonally adjusted terms. Seasonally adjusted Imports of goods increased 1.7%, with Total capital goods imports being the main driver (up 6.1%).


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