STATE ACCOUNTS

STATE FINAL DEMAND

Western Australia's state final demand (trend chain volume measures) rose 2.3% ($728 million) to $32,738 million in the June quarter 2008, following a growth of 2.0% ($627 million) in the previous quarter. Growth in the current quarter was the highest amongst states and territories, with Queensland being the next highest at 1.5%, followed by Tasmania at 1.4%. Nationally, domestic final demand grew 1.1% in the June quarter 2008.

In seasonally adjusted chain volume terms, Western Australia's state final demand grew 2.4% ($775 million) to $32,871 million in the June quarter 2008. This growth was mainly driven by private investment in machinery and equipment (up 17.8% or $630 million) and intangible fixed assets (up 8.5% or $78 million). Dwellings investment (up 11.6% or $254 million) and final consumption expenditure of general government (up 0.8% or $32 million) and households (up 0.1% or $19 million) also contributed to the growth in the June quarter 2008.

Major detractors from growth in the state's final demand in the current quarter were falls in gross fixed capital formation by public corporations (down 12.4% or $72 million) and general government (down 2.8% or $22 million). Private business investment in non-dwellings (down 2.5% or $118 million) and private sector ownership transfer costs (down 4.6% or $24 million) also recorded declines in the June quarter 2008.