1367.5 - Western Australian Statistical Indicators, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 16/07/2008   
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STATE ACCOUNTS

STATE FINAL DEMAND

Western Australia's state final demand (trend chain volume measures) grew 0.7% ($217 million) to $31,323 million in the March quarter 2008. This followed higher growth rate in the previous two quarters of 1.4% ($440 million) in the September quarter 2007 and 0.9% ($282 million) in the December quarter 2007. In the March quarter 2008, Western Australia's state final demand growth of 0.7% was the third lowest growth amongst states and territories, with Tasmania (up 1.6%) recording the highest growth, followed by Northern Territory and Queensland (both up 1.3%). The low growth in Western Australia's state final demand can be attributed to the decline in private gross fixed capital formation (down 0.6% or $68 million), with ownership transfer costs (down 6.8% or $38 million), dwellings (down 1.0% or $22 million) and intangible fixed assets (down 0.8% or $7 million) recording decreases. In comparison, final consumption expenditure increased by 1.2% ($216 million), with rises in households expenditure (up 1.3% or $188 million) and general government expenditure (up 0.7% or $28 million). Nationally, domestic final demand grew by 1.0%.

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 1.4% ($430 million) to $31,429 million in the March quarter 2008, mainly due to private gross fixed capital formation (up 2.9% or $321 million). Private business investment grew 9.3% ($394 million) for non-dwelling construction and 5.5% ($47 million) for intangible fixed assets. Public gross fixed capital formation also recorded growth (up 11.1% or $137 million), with general government up 12.3% ($85 million) and public corporations up 9.9% ($53 million) in the March quarter 2008. Detracting from growth over this period were falls in final consumption expenditure of households (down 0.3% or $40 million), machinery and equipment (down 1.8% or $56 million), dwellings (down 1.8% or $40 million) and ownership transfer costs (down 4.4% or $24 million).