5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2013   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Jun 13 to Sep 13
% change Sep 12 to Sep 13
% points contributions to growth in GDP Jun13 to Sep 13
% change Jun 13 to Sep 13
% change Sep 12 to Sep 13
% points contributions to growth in GDP Jun13 to Sep 13

Final consumption expenditure
General government
0.7
1.4
0.1
1.1
1.7
0.2
Households
0.5
1.8
0.3
0.4
1.8
0.2
Gross fixed capital formation
Private
Dwellings
-0.2
1.5
-
-0.5
1.7
-
Ownership transfer costs
4.0
14.7
0.1
1.3
14.6
-
Non-dwelling construction
1.7
8.5
0.2
-12.6
-1.8
-1.3
Machinery and equipment
-1.9
-10.4
-0.1
-2.4
-11.9
-0.1
Cultivated biological resources
5.8
8.2
-
7.2
3.2
-
Intellectual property products
0.4
3.0
-
0.2
3.2
-
Public
-2.8
-19.5
-0.1
39.6
3.6
1.3
Changes in inventories
-
-
-0.1
na
na
-0.5
Gross national expenditure
0.2
0.1
0.2
-0.1
0.1
-0.1
Exports of goods and services
0.9
6.3
0.2
0.3
6.1
0.1
Imports of goods and services
-0.8
-3.1
0.2
-3.3
-3.7
0.7
Statistical discrepancy (E)
na
na
-
na
na
-0.1
Gross domestic product
0.6
2.3
0.6
0.6
2.3
0.6

- nil or rounded to zero (including null cells)
na not available



SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.4% in seasonally adjusted terms. The main contributors to growth in Household final consumption expenditure were Insurance and Other financial services (0.2 percentage points) and Rent and Other dwelling services (0.1 percentage points). Government final consumption expenditure increased 1.1% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation fell 0.2% in seasonally adjusted terms. Total private gross fixed capital formation fell 5.7%. This decrease is largely due to a 12.6% fall in Total non-dwelling construction following a 15.5% increase in the June quarter. The decrease in Total non-dwelling was driven by decreases in Total dwellings (-0.5%) and Total machinery and equipment (-2.4%). These falls were partially offset by increases in Cultivated Biological resources (7.2%), Ownership transfer costs (1.3%) and Total intellectual property products (0.2%). Total Public gross fixed capital formation rose 39.6% following a fall of 28.7% in the June quarter. This was driven by a 511.6% increase in Total public corporations as a result of the asset transfer last quarter to the private sector. Total general government fell 0.3%.

Changes in inventories
  • Total inventories decreased -$1223m in seasonally adjusted terms compared with an increase of $547m last quarter. The Change in inventories detracted 0.5 percentage points from GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services increased 0.3% in seasonally adjusted terms. Seasonally adjusted Exports of goods increased 0.1%, with Non-rural exports up 1.8% offset by Rural exports down 3.2%.
  • Imports of goods and services decreased 3.3% in seasonally adjusted terms. Seasonally adjusted Imports of goods decreased 2.4%, with Consumption goods flat, Capital goods down 6.5% and Intermediate goods down 1.8%.