5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2015 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/03/2016   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Sep 15 to Dec 15
% change Dec 14 to Dec 15
% points contributions to growth in GDP Sep 15 to Dec 15
% change Sep 15 to Dec 15
% change Dec 14 to Dec 15
% points contributions to growth in GDP Sep 15 to Dec 15

Final consumption expenditure
General government
0.7
3.6
0.1
0.7
3.6
0.1
Households
0.8
2.9
0.4
0.8
2.9
0.4
Gross fixed capital formation
Private
Dwellings
1.5
8.8
0.1
2.2
9.8
0.1
Ownership transfer costs
-1.4
3.0
-
-3.9
2.8
-0.1
Non-dwelling construction
-4.0
-11.5
-0.3
-7.0
-14.2
-0.5
Machinery and equipment
-2.3
-11.6
-0.1
1.6
-11.0
0.1
Cultivated biological resources
3.0
14.3
-
-1.7
11.2
-
Intellectual property products
-0.8
-3.9
-
-0.3
-4.0
-
Public
-1.6
-3.2
-0.1
6.0
-0.3
0.2
Changes in inventories
-
-
na
na
na
0.2
Gross national expenditure
0.1
1.1
0.1
0.5
1.5
0.5
Exports of goods and services
1.3
4.9
0.3
0.6
5.7
0.1
Imports of goods and services
-0.8
-0.7
0.2
0.6
1.2
-0.1
Statistical discrepancy (E)
na
na
0.1
na
na
0.1
Gross domestic product
0.7
2.8
0.7
0.6
3.0
0.6

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



DECEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.8% in seasonally adjusted terms. The growth in Household final consumption expenditure was driven by a rise in Recreation and culture (2.6%) and Food (1.3%). Government final consumption expenditure increased 0.7% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation decreased 0.6% in seasonally adjusted terms. Private investment fell 1.9% during the quarter, this was partially offset by a 6.0% increase in public investment. The fall in private investment was driven by a decrease in New engineering construction (-12.3%). Partially offsetting this fall was a rise in Dwellings (2.2%) and Machinery and equipment (1.6%). The fall in Total gross fixed capital formation detracted 0.2 percentage points from GDP growth during the quarter.

Changes in inventories
  • Total inventories increased $285m in seasonally adjusted terms compared to a decrease of $344m last quarter. The Change in inventories contributed 0.2 percentage points to GDP during the quarter. This increase was driven by rises in Farm and Retail trade industries.

Exports and imports of goods and services
  • Exports of goods and services increased 0.6% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 0.3%, with Rural exports up 10.0% and Non-rural exports up 0.1%.
  • Imports of goods and services increased 0.6% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 0.5%, primarily driven by a rise in Intermediate goods (3.7%). This was offset by falls in Capital goods (-1.2%), Consumption goods (-2.1%) and Non-Monetary Gold (-6.8%).