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STATE FINAL DEMAND, Chain volume measures - Change from previous quarter
In seasonally adjusted chain volume terms, Western Australia's state final demand grew 2.4% ($775 million) to $32,871 million in the June quarter 2008. This growth was mainly driven by private investment in machinery and equipment (up 17.8% or $630 million) and intangible fixed assets (up 8.5% or $78 million). Dwellings investment (up 11.6% or $254 million) and final consumption expenditure of general government (up 0.8% or $32 million) and households (up 0.1% or $19 million) also contributed to the growth in the June quarter 2008.
Major detractors from growth in the state's final demand in the current quarter were falls in gross fixed capital formation by public corporations (down 12.4% or $72 million) and general government (down 2.8% or $22 million). Private business investment in non-dwellings (down 2.5% or $118 million) and private sector ownership transfer costs (down 4.6% or $24 million) also recorded declines in the June quarter 2008.
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