MAIN FEATURES STATE FINAL DEMAND CHAIN VOLUME MEASURES
Seasonally adjusted, % change from Sep 18 to Dec 18
|Final consumption expenditure |
|General government |
|Gross fixed capital formation |
|State final demand |
|(a) Australia estimates relate to Domestic final demand. |
- Australia's domestic final demand increased 0.3% in the December quarter 2018. Final consumption expenditure was the largest contributor to growth driven by national non-defence consumption expenditure while household final consumption expenditure rose in all states and territories except the Northern Territory. Private gross fixed capital formation detracted from growth nationally, with total dwellings falling 3.4%.
STATE FINAL DEMAND,
New South Wales
Quarterly Volume measures:
- New South Wales' state final demand decreased 0.1% in the December quarter following a 1.4% increase in the September quarter. Private final demand drove the fall in New South Wales due primarily to private capital formation with falls in dwelling construction, ownership transfer costs and machinery and equipment offset slightly by non-dwelling construction. Public capital formation also fell with weakness in public corporations due to the sale of assets to the private sector this quarter. Government final consumption expenditure grew in the December quarter, supported by a slight rise in household final consumption expenditure.
- Victoria's state final demand increased 0.6% in the December quarter and follows a 0.6% increase in the September quarter. Both government and household final consumption expenditure were the major contributors to the increase. Private business investment was driven by growth in non-dwelling construction and new machinery and equipment which was partially offset by declines in dwelling construction and ownership transfer costs. Public capital formation fell with national general government investment the primary driver.
- Queensland's state final demand increased 0.9% in the December quarter following a revised 0.2% decrease in the September quarter. Queensland exhibited strong growth in public demand and household final consumption but this was slightly offset by a fall in private capital formation. Growth in public demand was driven by state and local governments with increases across both consumption and capital formation. The fall in private investment was spread across dwelling construction, non-dwelling construction and ownership transfer costs.
- South Australia's state final demand increased 0.8% in the December quarter and follows a revised 0.2% increase in the September quarter. The rise was driven by public capital formation in the state and local general government sector. Government final consumption expenditure also contributed modestly to the rise, as did household final consumption expenditure. Private capital formation detracted from growth driven by a decrease in non-dwelling construction.
- Western Australia's state final demand decreased 0.3% in the December quarter following a 0.1% increase in the September quarter. Private investment drove the fall in the December quarter with non-dwelling construction the largest detractor from growth. Other areas of state demand experienced growth with government final consumption expenditure the strongest area of growth driven by national government expenditure. Household final consumption expenditure increased in December, as did public investment where growth was driven by state and local investment.
- Tasmania's state final demand increased 0.6% in the December quarter and follows a 0.5% increase in the September quarter. State final demand growth in Tasmania was experienced across public and private final demand. Final consumption expenditure contributed most strongly to growth, driven by households and state and local government. Increases in public gross fixed capital formation were driven by state and local government. Investment in non-dwelling construction and machinery and equipment more than offset falls in dwelling construction and ownership transfer costs to result in an increase in private investment.
Australian Capital Territory
- Northern Territory's state final demand decreased 2.5% in the December quarter and follows an 8.4% decrease in the September quarter. As in the September quarter, the largest detractor from growth was private investment driven by non-dwelling construction. Household final consumption expenditure continued its decline in the December quarter whereas government final consumption expenditure increased, driven by national government expenditure. Public capital was down with a rise by public corporations offset by a decrease from the general government sector.
- Australian Capital Territory's state final demand increased 1.4% in the December quarter and follows a 2.2% increase in the September quarter. Government final consumption expenditure was the primary driver in the ACT. Positive contributions to growth also coming from household final consumption expenditure and private capital formation. Public capital formation was down in December with investment by the territory government offset by a fall in capital formation by the national general government sector.