5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/06/2019   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted


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

Final consumption expenditure
General government
1.2
5.4
0.2
0.8
5.1
0.2
Households
0.3
1.7
0.2
0.3
1.8
0.1
Gross fixed capital formation
Private
Dwellings
-2.1
-1.9
-0.1
-2.5
-3.1
-0.1
Ownership transfer costs
-9.3
-21.2
-0.1
-13.0
-23.8
-0.2
Non-dwelling construction
-
-6.1
-
2.1
-4.7
0.1
Machinery and equipment
0.4
1.9
-
0.5
1.0
-
Cultivated biological resources
-2.4
-14.9
-
-4.6
-16.0
-
Intellectual property products
1.1
6.5
-
1.0
6.9
-
Public
1.5
7.7
0.1
0.4
6.8
-
Changes in inventories
na
na
na
na
na
-0.1
Gross national expenditure
0.2
1.7
0.2
-
1.6
-
Exports of goods and services
0.1
2.0
-
1.0
1.7
0.2
Imports of goods and services
-0.2
-0.6
-
-0.1
-0.5
-
Statistical discrepancy (E)
na
na
-
na
na
0.2
Gross domestic product
0.3
1.7
0.3
0.4
1.8
0.4

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

MARCH QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.3% in seasonally adjusted terms. This was driven by rises in insurance and other financial services (0.6%), health (0.7%), electricity, gas and other fuel (1.8%) and food (0.3%). There were falls in recreation and culture (-0.5%), hotels, cafes and restaurants (-0.4%) and clothing and footwear (-0.6%), which are all discretionary categories of household consumption.
  • Government final consumption expenditure increased 0.8% in seasonally adjusted terms. National government consumption rose 1.4% while State and local government consumption increased 0.4%.

Gross fixed capital formation
  • Gross fixed capital formation decreased 0.7% in seasonally adjusted terms. Private investment declined 1.0%, driven by ownership transfer costs (-13.0%), reflecting the slowing housing market. This was partly offset by a rise in non-dwelling construction (2.1%). Public investment increased 0.4%, driven by state and local general government (3.0%). This was partly offset by weakness in national general government (-4.8%) and state and local public corporations (-3.7%).

Changes in inventories
  • Total inventories increased $460m in seasonally adjusted terms following an increase of $1,048m last quarter. The increase was driven by a build up in Retail trade and Manufacturing inventories. Public authorities inventories fell this quarter, following a significant rise in the December quarter.

Exports and imports of goods and services
  • Exports of goods and services rose 1.0% in seasonally adjusted terms. Exports of goods increased 0.7% driven by an increase in rural goods (6.5%), which was partly offset by a fall in non-rural goods (-2.5%). Export of services rose 2.0%.
  • Imports of goods and services fell 0.1% in seasonally adjusted terms. Imports of goods rose 0.3% driven by an increase in both consumption goods (3.0%) and capital goods (1.2%), while intermediate goods fell (-2.7%). Import of services declined 1.4%.