MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES
| | | Trend | Seasonally adjusted | |
| | | % change Jun 08 to Sep 08 | % change Sep 07 to Sep 08 | % points contribution to growth in GDP Jun 08 to Sep 08 | % change Jun 08 to Sep 08 | % change Sep 07 to Sep 08 | % points contribution to growth in GDP Jun 08 to Sep 08 | |
| |
Final consumption expenditure | | | | | | | |
| General government | 0.7 | 3.7 | 0.1 | 0.6 | 3.6 | 0.1 | |
| Households | - | 1.6 | - | 0.1 | 1.7 | - | |
Gross fixed capital formation | | | | | | | |
| Private | | | | | | | |
| | Dwellings | 0.6 | 2.7 | - | 0.2 | 2.6 | - | |
| | Business investment | np | np | np | 1.5 | 12.8 | 0.3 | |
| | Ownership transfer costs | -8.5 | -21.6 | -0.1 | -14.0 | -23.8 | -0.2 | |
| Public | np | np | np | 3.9 | 18.4 | 0.2 | |
Changes in inventories | | | | | | | |
| Private non-farm | . . | . . | -0.1 | . . | . . | 0.1 | |
| Farm and public authority | . . | . . | - | . . | . . | 0.1 | |
Gross national expenditure | 0.6 | 3.8 | 0.6 | 0.5 | 4.0 | 0.6 | |
Exports of goods and services | 1.5 | 6.3 | 0.3 | - | 5.0 | - | |
Imports of goods and services | 2.6 | 13.5 | -0.6 | 1.6 | 13.2 | -0.4 | |
Statistical discrepancy (E) | . . | . . | 0.2 | . . | . . | -0.1 | |
Gross domestic product | 0.2 | 2.0 | 0.2 | 0.1 | 1.9 | 0.1 | |
| |
. . not applicable |
- nil or rounded to zero (including null cells) |
np not available for publication but included in totals where applicable, unless otherwise indicated |
SEPTEMBER QUARTER
Summary Comments
Final Consumption Expenditure
- Household final consumption expenditure increased 0.1% in seasonally adjusted terms. The main positive contributor to growth in seasonally adjusted terms was Rent and other dwelling services (up 0.6%) and Insurance and other financial services (up 1.0%). The main negative contributors to growth in seasonally adjusted terms were Purchase of vehicles (down 7.9%) and Hotels, cafes and restaurants (down 0.7%).
Gross fixed capital formation
- Private business investment increased 1.5% in seasonally adjusted terms. This increase was due to investment in Engineering construction (up 11.8%), offset by a fall in New building (down 1.9%). Dwelling investment showed a moderate increase of 0.2% this quarter. This was due to an increase in New and used dwellings (up 0.5%), offset by a decrease in Alterations and additions (down 0.1%).
Changes in inventories
- Total inventories rose by $671m in trend terms, following a rise of $1,021m in the June quarter. Seasonally adjusted, total inventories rose by $938m following a $493m rise in the previous quarter. Changes in inventories contributed 0.2 percentage points to seasonally adjusted GDP growth during the quarter.
Exports and imports of goods and services
- In trend terms, Exports of goods and services rose 1.5%, while in seasonally adjusted they were flat. Seasonally adjusted Exports of goods fell 0.5%, with a fall in Other non-rural (down 22.5%), offset by a rise in Mineral Ores (up 1.3%) and Coal (up 1.7%).
- Imports of goods and services rose 2.6% in trend terms and 1.6% in seasonally adjusted terms. Imports of goods increased 2.3%, with growth in Capital goods (up 6.5%), Other Goods (up 18.2%) and Intermediate goods (up 1.7%).