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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend				Seasonally adjusted
			% change Jun 07 to Sep 07	% change Sep 06 to Sep 07	% points contribution to growth in GDP Jun 07 to Sep 07		% change Jun 07 to Sep 07	% change Sep 06 to Sep 07	% points contribution to growth in GDP Jun 07 to Sep 07
Final consumption expenditure
	General government		0.6	2.0	0.1		1.0	1.3	0.2
	Households		0.9	4.1	0.5		1.2	4.5	0.7
Gross fixed capital formation
	Private
		Dwellings	-	2.8	-		1.4	4.8	0.1
		Business investment	np	np	np		0.2	12.9	-
		Ownership transfer costs	3.1	10.4	0.1		-5.8	9.1	-0.1
	Public		np	np	np		-2.3	11.2	-0.1
Changes in inventories
	Private non-farm		. .	. .	-		. .	. .	0.3
	Farm and public authority		. .	. .	-		. .	. .	-
Gross national expenditure			1.1	6.2	1.2		1.1	6.6	1.1
Exports of goods and services			1.2	3.7	0.2		2.3	4.6	0.5
Imports of goods and services			1.6	10.2	-0.4		2.3	12.8	-0.5
Statistical discrepancy (E)			. .	. .	-0.1		. .	. .	-
Gross domestic product			0.9	4.0	0.9		1.0	4.3	1.0
. . not applicable
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated

SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure

• Household final consumption expenditure grew by 0.9% in trend terms (1.2% seasonally adjusted). The main contributors to growth were Recreation and Culture and Other goods and services.

• Private business investment grew 0.2% in seasonally adjusted terms. This increase was due to investment in New building construction (up 7.8%), and Total intangible fixed assets (up 1.3%), partially offset by falls in New machinery and equipment (down 2.2%), and New engineering construction (down 2.4%). Dwelling investment rose 1.4% seasonally adjusted, driven by a 3.1% rise in Alterations and additions.

• Total inventories increased by $1,465m in trend terms, following an increase of $1,469m in the June quarter. In seasonally adjusted terms, total inventories increased by $1,624m following a $816m increase in the previous quarter. As a result, Changes in inventories contributed 0.3 percentage points to seasonally adjusted GDP growth during the quarter.

• In trend terms, Exports of goods and services increased 1.2%, in seasonally adjusted terms the increase was 2.3%. In seasonally adjusted terms, Exports of goods rose 2.4%, driven by a rise in Mineral ores (up 11.5%) and Metals and metal manufactures (up 17.8%), offsetting falls in Rural exports. Exports of services grew 1.7%.
• Imports of goods and services increased by 1.6% in trend terms (2.3% seasonally adjusted). Seasonally adjusted Imports of goods increased 1.9%, with growth in Capital goods (up 1.7%), Consumption goods (up 2.4 %), Intermediate goods (up 0.6%) and Other goods (up 15.8%). Imports of services rose 3.6% driven by growth in Transportation (up 4.9%) and Other services (up 4.6%).