5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2020 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2020   
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Main features expenditure chain volume measures

Seasonally adjusted

% Change
% Change
% points contribution to
Dec 19 to
Mar 19 to
growth in GDP
Mar 20
Mar 20
Dec 19 to Mar 20

Final consumption expenditure
General government
1.8
6.2
0.3
Households
-1.1
-0.2
-0.6
Total final consumption expenditure
-0.4
1.4
-0.3
Gross fixed capital formation
Private
Dwellings
-1.7
-9.7
-0.1
Ownership transfer costs
-
17.0
-
Non-dwelling construction
0.3
-5.7
-
Machinery and equipment
-1.6
-3.8
-0.1
Cultivated biological resources
3.8
-5.7
-
Intellectual property products
-0.1
6.2
-
Public
-0.7
2.1
-
Total gross fixed capital formation
-0.8
-2.4
-0.2
Changes in inventories
ána
ána
-0.2
Gross national expenditure
-0.7
0.2
-0.7
Exports of goods and services
-3.5
-2.0
-0.8
Imports of goods and services
-6.2
-7.7
1.3
Statistical discrepancy (E)
ána
ána
-0.1
Gross domestic product
-0.3
1.4
-0.3

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


March quarter

Final consumption expenditure (FCE) -0.4%

Household FCE decreased 1.1%, this was driven by a:
  • 9.2% fall in hotels, cafes and restaurants
  • 12.0% decrease in transport services
  • 8.9% fall in clothing and footwear

General government FCE partly offset the decrease with a rise of 1.8%, driven by a:
  • 1.9% increase in state and local general government
  • 1.6% rise in national general government, with increases in both non-defence (1.7%) and defence expenditure (1.1%)


Gross fixed capital formation (GFCF) -0.8%

Private investment fell 0.8%, driven by a:
  • 1.7% decrease in dwellings
  • 1.6% decrease in machinery and equipment

Non-dwelling construction partly offset the fall, increasing 0.3%.

Public investment fell 0.7%, driven by a:
  • 3.1% decrease in general government

Public corporations GFCF partly offset the fall, increasing 7.5%.


Changes in inventories

Total inventories decreased $909m following a decrease of $7m last quarter. The largest contributors to the decrease were a:
  • $931m run down of Manufacturing inventories
  • $453m fall in Retail inventories
  • $376m decrease in Wholesale inventories

The increase was partly offset by a build up in Public authorities inventories of $1,153m.


Exports and imports of goods and services

Exports of goods and services fell 3.5%, driven by:
  • 19.9% fall in travel services
  • 10.0% fall in non-monetary gold
  • 1.8% fall in mineral ores
  • 6.0% fall in machinery

Imports of goods and services fell 6.2%, driven by:
  • 22.8% fall in travel services
  • 10.3% fall in capital goods