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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend			Seasonally adjusted
			% change Sep 11 to Dec 11	% change Dec 10 to Dec 11	% points contributions to growth in GDP Sep 11 to Dec 11	% change Sep 11 to Dec 11	% change Dec 10 to Dec 11	% points contributions to growth in GDP Sep 11 to Dec 11
Final consumption expenditure
	General government		0.1	1.1	-	1.0	1.6	0.2
	Households		0.8	3.5	0.5	0.5	3.5	0.3
Gross fixed capital formation
	Private
		Dwellings	-1.9	-2.3	-0.1	-3.9	-1.8	-0.2
		Ownership transfer costs	0.8	-1.2	-	1.8	2.4	-
		Non-dwelling construction	7.7	34.6	0.6	-0.5	33.9	-
		Machinery and equipment	2.5	16.2	0.2	-2.0	12.3	-0.1
		Cultivated biological resources	-4.2	-12.5	-	-14.3	-16.3	-
		Intellectual property products	1.5	6.4	-	1.5	6.7	-
	Public		-2.4	-9.9	-0.1	0.6	-9.3	-
Changes in inventories			na	na	-	na	na	0.3
Gross national expenditure			1.0	4.9	1.1	0.5	4.8	0.5
Exports of goods and services			2.3	3.1	0.4	2.2	0.8	0.4
Imports of goods and services			3.2	14.2	-0.7	0.7	12.8	-0.2
Statistical discrepancy (E)			na	na	-	na	na	-0.3
Gross domestic product			0.8	2.8	0.8	0.4	2.3	0.4
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.5% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Food, Purchase of vehicles, Rent and other dwelling services and Insurance and other financial services, with each contributing 0.1 percentage points to growth in Household final consumption expenditure. Government final consumption expenditure increased 1.0% in seasonally adjusted terms.

• Gross fixed capital formation decreased 1.1% in seasonally adjusted terms. Total private gross fixed capital formation decreased 1.5%, reflecting a fall in Total dwellings (down 3.9%), Total non-dwelling construction (down 0.5%) and Total machinery and equipment (down 2.0%). Public gross fixed capital formation increased 0.6%.

• Total inventories increased $1 570m in seasonally adjusted terms compared with an increase of $426m last quarter. The Change in inventories contributed 0.3 percentage points to GDP growth during the quarter.

• Exports of goods and services increased 2.2% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 2.8%, with Rural exports up 4.7% and Non-rural exports up 2.6%.
• Imports of goods and services increased 0.7% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 1.3%, with capital good imports being the main driver (up 5.4%).