5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2019   
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Main features expenditure chain volume measures


Trend
Seasonally adjusted


% Change
% Change
% points contribution to
% Change
% Change
% points contribution to
Mar 19 to
Jun 18 to
growth in GDP
Mar 19 to
Jun 18 to
growth in GDP
Jun 19
Jun 19
Mar 19 to Jun 19
Jun 19
Jun 19
Mar 19 to Jun 19

Final consumption expenditure
General government
1.5
5.2
0.3
2.7
6.2
0.5
Households
0.3
1.5
0.2
0.4
1.4
0.2
Total final consumption expenditure
0.7
2.4
0.5
1.0
2.6
0.7
Gross fixed capital formation
Private
Dwellings
-3.2
-7.9
-0.2
-4.4
-9.1
-0.2
Ownership transfer costs
-5.6
-22.7
-0.1
4.3
-19.6
0.1
Non-dwelling construction
-1.7
-6.3
-0.1
-5.9
-9.3
-0.3
Machinery and equipment
1.1
3.0
-
3.4
5.9
0.1
Cultivated biological resources
0.4
-9.8
-
4.1
-9.0
-
Intellectual property products
1.8
7.2
-
2.9
7.3
0.1
Public
-0.8
1.1
-
-2.3
0.7
-0.1
Total gross fixed capital formation
-1.3
-3.7
-0.3
-1.7
-4.0
-0.4
Changes in inventories
na
na
na
na
na
-0.5
Gross national expenditure
-
0.5
-
-0.2
0.2
-0.2
Exports of goods and services
1.1
2.8
0.2
1.4
2.9
0.3
Imports of goods and services
-0.5
-1.8
0.1
-1.3
-2.8
0.3
Statistical discrepancy (E)
na
na
0.1
na
na
0.1
Gross domestic product
0.4
1.5
0.4
0.5
1.4
0.5

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


June quarter

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.4% in seasonally adjusted terms. This was driven by rises in hotels, cafes and restaurants (0.9%), recreation and culture (0.5%), and insurance and other financial services (0.4%). There were falls in purchase of vehicles (-3.0%) and electricity, gas and other fuel (-0.7%).
  • Government final consumption expenditure increased 2.7% in seasonally adjusted terms. State and local general government consumption increased 2.5%, while national general government consumption rose 2.8%.


Gross fixed capital formation
  • Gross fixed capital formation decreased 1.7% in seasonally adjusted terms, with both private and public sector investment detracting from growth. Private investment declined 1.6%, driven by falls in non-dwelling construction (-5.9%) and dwellings (-4.4%). This was partly offset by a rise in machinery and equipment (3.4%) investment. Public investment decreased 2.3%, driven by state and local general government (-4.1%). The decrease was partly offset by strength in national defence (7.1%).


Changes in inventories
  • Total inventories decreased $1,982m in seasonally adjusted terms following an increase of $559m last quarter. The decrease was driven by a run down in Public authorities, Wholesale trade and Retail trade inventories. Farm inventories rose this quarter, following a fall in the March quarter.


Exports and imports of goods and services
  • Exports of goods and services rose 1.4% in seasonally adjusted terms. Exports of goods increased 1.7% driven by non-rural goods (4.0%), particularly other mineral fuels (10.9%), partly offset by a fall in rural goods (-4.3%). Exports of services rose 0.4% driven by travel services (1.7%).
  • Imports of goods and services fell 1.3% in seasonally adjusted terms. Imports of goods fell 1.5% driven by consumption goods (-2.9%), intermediate goods (-1.4%) and capital goods (-0.5%). Imports of services declined 0.9% driven by travel services (-1.0%).