5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2014   
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MEDIA RELEASE
27/2014
5 March 2014
Embargo: 11.30 am (Canberra time)
Australian economy grows 0.8 per cent

Latest Australian Bureau of Statistics (ABS) figures show that GDP, in seasonally adjusted volume terms, grew 0.8 per cent in the December quarter 2013.

Growth for the quarter was driven by a 0.6 per cent contribution from Net Exports and a 0.5 per cent contribution from Final consumption expenditure. These increases were partially offset by a -0.3 per cent contribution from Gross fixed capital formation.

The Mining industry contributed 0.1 percent to GDP, as did the Manufacturing, and Rental, hiring and real estate industries.
The December quarter saw the Terms of trade increase 0.6 per cent.


Further details can be found in Australian National Accounts: National Income, Expenditure and Product, (cat no. 5206.0)

Media Note:
When reporting ABS data, the Australian Bureau of Statistics (or ABS) must be attributed as the source.