MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES
| | | Trend | Seasonally adjusted | |
| | | % change Sep 08 to Dec 08 | % change Dec 07 to Dec 08 | % points contribution to growth in GDP Sep 08 to Dec 08 | % change Sep 08 to Dec 08 | % change Dec 07 to Dec 08 | % points contribution to growth in GDP Sep 08 to Dec 08 | |
| |
Final consumption expenditure | | | | | | | |
| General government | 0.4 | 2.8 | 0.1 | - | 2.3 | - | |
| Households | - | 0.7 | - | 0.1 | 0.6 | - | |
Gross fixed capital formation | | | | | | | |
| Private | | | | | | | |
| | Dwellings | -0.2 | 1.9 | - | -1.2 | 1.0 | -0.1 | |
| | Business investment | np | np | np | 1.1 | 12.0 | 0.2 | |
| | Ownership transfer costs | -7.9 | -25.7 | -0.1 | -2.7 | -23.9 | - | |
| Public | np | np | np | -1.5 | 6.8 | -0.1 | |
Changes in inventories | | | | | | | |
| Private non-farm | . . | . . | -0.6 | . . | . . | -1.4 | |
| Farm and public authority | . . | . . | -0.1 | . . | . . | -0.3 | |
Gross national expenditure | -0.3 | 1.4 | -0.4 | -1.5 | 0.6 | -1.6 | |
Exports of goods and services | -0.1 | 3.8 | - | -0.8 | 3.9 | -0.2 | |
Imports of goods and services | -1.7 | 5.2 | 0.4 | -6.8 | 2.6 | 1.7 | |
Statistical discrepancy (E) | . . | . . | -0.1 | . . | . . | -0.5 | |
Gross domestic product | -0.1 | 0.6 | -0.1 | -0.5 | 0.3 | -0.5 | |
| |
. . not applicable |
- nil or rounded to zero (including null cells) |
np not available for publication but included in totals where applicable, unless otherwise indicated |
DECEMBER QUARTER
Summary Comments
Final Consumption Expenditure
- Household final consumption expenditure increased 0.1% in seasonally adjusted terms. The main positive contributors to growth in seasonally adjusted terms were Rent and other dwelling services (up 0.6%) and Food (up 0.6%). The main negative contributors in seasonally adjusted terms were Hotels, cafes and restaurants (down 1.0%), Clothing and footwear (down 1.3%), Alcoholic beverages (down 2.4%) and Purchase of vehicles (down 1.2%).
Gross fixed capital formation
- Private business investment increased 1.1% in seasonally adjusted terms, driven by an increase in Engineering construction investment (up 2.2%). Dwelling investment showed a decrease of 1.2% this quarter due to a decrease in New and used dwellings (down 0.2%) and a decrease in Alterations and additions (down 2.4%).
Changes in inventories
- Total inventories fell by $2,574m in trend terms and $3,781m in seasonally adjusted terms. Changes in inventories detracted 1.6 percentage points from seasonally adjusted GDP growth during the quarter.
Exports and imports of goods and services
- Exports of goods and services fell 0.1% in trend terms and fell 0.8% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 0.9%, with a fall in Non-rural (down 1.1%), offset by a rise in Rural exports (up 3.4%). The fall in Non rural exports was driven by falls in the exports of Mineral ores (down 6.9%), Transport equipment (down 17.9%) and Coal (down 3.5%).
- Imports of goods and services fell 1.7% in trend terms and fell 6.8% in seasonally adjusted terms. Imports of goods fell 5.8%, with falls in Capital goods (down 9.7%), Consumption Goods (down 8.4%) and Intermediate goods (down 2.6%).