1367.5 - Western Australian Statistical Indicators, Dec 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 16/01/2008   
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State accounts STATE ACCOUNTS


State final demand in Western Australia rose 2.0% ($610 million) to $30,972 million in trend chain volume terms in the September quarter 2007. This followed higher growth in the previous two quarters of 3.3% in the March quarter 2007 and 3.0% in the June quarter 2007. Despite the deceleration, growth in Western Australia's state final demand in the September quarter was the highest among the states and territories, ahead of Queensland (1.6%), New South Wales (0.9%) and Victoria (0.9%). Nationally, domestic final demand grew 1.2%.

STATE FINAL DEMAND, Chain volume measures - Change from previous quarter
Graph: State Final Demand, chain volume measures, change from previous quarter

In seasonally adjusted chain volume terms, Western Australia's state final demand rose 0.3% ($106 million) to $30,711 million in the September quarter 2007, a substantial drop from the 3.3% growth in the previous quarter. The easing in growth was attributable to much lower private investment in machinery and equipment, falling $214 million (6.5%) during the September quarter. There was also significantly lower public sector investment, with public corporations lowering investment by $75 million (13.2%) and general government reducing investment by $71 million (10.3%). Contributing to growth during the September quarter was increased household consumption expenditure (up $255 million or 1.8%), dwelling investment (up $107 million or 4.9%) and non-dwelling construction investment (up $102 million or 2.3%).