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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend			Seasonally adjusted
			% change Sep 14 to Dec 14	% change Dec 13 to Dec 14	% points contributions to growth in GDP Sep 14 to Dec 14	% change Sep 14 to Dec 14	% change Dec 13 to Dec 14	% points contributions to growth in GDP Sep 14 to Dec 14
Final consumption expenditure
	General government		0.6	2.1	0.1	0.4	2.0	0.1
	Households		0.7	2.7	0.4	0.9	2.8	0.5
Gross fixed capital formation
	Private
		Dwellings	0.4	5.6	-	2.5	8.1	0.1
		Ownership transfer costs	-0.7	-0.9	-	3.3	-	-
		Non-dwelling construction	-3.3	-10.9	-0.3	-0.8	-9.1	-0.1
		Machinery and equipment	1.5	3.2	0.1	-0.8	4.8	-
		Cultivated biological resources	2.4	3.7	-	-2.7	1.3	-
		Intellectual property products	-0.4	2.4	-	2.0	4.2	-
	Public		-4.2	-7.9	-0.2	-0.9	-11.9	-
Changes in inventories			-	-	na	na	na	-0.6
Gross national expenditure			-	1.2	-	-	1.0	-
Exports of goods and services			0.6	5.3	0.1	1.0	7.2	0.2
Imports of goods and services			-0.9	-1.6	0.2	-2.5	-2.6	0.5
Statistical discrepancy (E)			na	na	-	na	na	-0.2
Gross domestic product			0.4	2.3	0.4	0.5	2.5	0.5
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.9% in seasonally adjusted terms. The main contributor to growth in Household final consumption expenditure was Recreation and culture (0.2 percentage points). Government final consumption expenditure increased 0.4% in seasonally adjusted terms.

• Gross fixed capital formation increased 0.3% in seasonally adjusted terms. Private gross fixed capital formation increased 0.5%. This was driven by an increase in Total dwellings (2.5%) that were offset by decreases in Total non-dwelling construction (-0.8%) and Total machinery and equipment (-0.8%).

• Total inventories decreased $845m in seasonally adjusted terms compared with an increase of $1,652m last quarter. The Change in inventories detracted 0.6 percentage points from GDP growth during the quarter.

• Exports of goods and services increased 1.0% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 1.7%, with Non-rural exports up 3.1 % and Rural exports down 2.1%.
• Imports of goods and services decreased 2.5% in seasonally adjusted terms. Seasonally adjusted Imports of goods decreased 2.2% with Capital goods down 2.2%, Intermediate goods down 2.0% and Consumption goods down 2.5%.