5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2020   
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Main features expenditure chain volume measures


Trend
Seasonally adjusted


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

Final consumption expenditure
General government
1.0
5.7
0.2
0.7
5.3
0.1
Households
0.3
1.2
0.2
0.4
1.2
0.2
Total final consumption expenditure
0.5
2.3
0.4
0.5
2.3
0.4
Gross fixed capital formation
Private
Dwellings
-2.4
-9.7
-0.1
-3.4
-9.7
-0.2
Ownership transfer costs
7.6
4.5
0.1
12.3
6.5
0.2
Non-dwelling construction
-1.4
-4.0
-0.1
-4.5
-5.2
-0.2
Machinery and equipment
-1.5
-1.6
-0.1
0.1
-0.9
-
Cultivated biological resources
-0.8
-5.2
-
-2.6
-6.8
-
Intellectual property products
2.0
8.0
-
2.0
7.8
-
Public
0.8
4.0
-
-0.4
4.1
-
Total gross fixed capital formation
-0.3
-1.9
-0.1
-1.0
-1.8
-0.2
Changes in inventories
na
ána
ána
ána
ána
0.2
Gross national expenditure
0.4
1.2
0.4
0.3
1.2
0.3
Exports of goods and services
0.3
2.9
0.1
-
3.4
-
Imports of goods and services
-0.3
-1.5
0.1
-0.5
-1.5
0.1
Statistical discrepancy (E)
na
ána
-
ána
ána
0.1
Gross domestic product
0.5
2.1
0.5
0.5
2.2
0.5

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


December quarter

Final consumption expenditure (FCE) +0.5%

Household FCE increased 0.4%, this was driven by a:
  • 2.1% rise in clothing and footwear
  • 1.3% rise in furnishings and household equipment
  • 0.5% increase in recreation and culture

General government FCE also contributed to the increase with a rise of 0.7%, driven by a:
  • 2.4% increase in national non-defence expenditure

National defence government FCE partly offset the increase with a fall of 2.0% in the quarter.


Gross fixed capital formation (GFCF) -1.0%

Private investment fell 1.1%, driven by a:
  • 4.5% decrease in non-dwelling construction
  • 3.4% decrease in dwellings

Ownership transfer costs grew strongly, up 12.3%, to partly offset the falls.

Public investment fell 0.4%, driven by a:
  • 8.6% decrease in public corporations

General government GFCF partly offset the fall, increasing 2.2%.


Changes in inventories

Total inventories increased $118m in seasonally adjusted terms following a decrease of $743m last quarter. The largest contributor to the increase was a:
  • $1,382m build up of Mining inventories

The increase was partly offset by falls in other industries:
  • $593m fall in Farm inventories
  • $536m fall in Retail trade inventories


Exports and imports of goods and services

Exports of goods and services were flat. The main contributors were:
  • 1.1% increase in travel services
  • 2.8% increase in coal
  • 19.8% fall in non-monetary gold
  • 3.0% fall in other services

Imports of goods and services fell 0.5%, driven by a:
  • 4.9% fall in other services
  • 0.8% fall in travel services
  • 49.6% fall in non-monetary gold

Increases in imports of intermediate and capital goods partly offset the falls:
  • 6.6% increase in imports of fuels and lubricants
  • 14.8% increase in imports of automatic data processing equipment