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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend				Seasonally adjusted
			% Change	% Change	% points contribution to		% Change	% Change	% points contribution to
			Sep 18 to	Dec 17 to	growth in GDP		Sep 18 to	Dec 17 to	growth in GDP
			Dec 18	Dec 18	Sep 18 to Dec 18		Dec 18	Dec 18	Sep 18 to Dec 18
Final consumption expenditure
	General government		1.2	5.2	0.2		1.8	5.6	0.3
	Households		0.4	2.2	0.3		0.4	2.0	0.2
Gross fixed capital formation
	Private
		Dwellings	-0.9	3.4	-0.1		-3.4	2.5	-0.2
		Ownership transfer costs	-4.7	-10.9	-0.1		-6.6	-11.5	-0.1
		Non-dwelling construction	-2.0	-7.7	-0.1		-0.3	-3.7	-
		Machinery and equipment	0.8	3.9	-		0.6	4.2	-
		Cultivated biological resources	-0.6	-7.8	-		0.3	-6.8	-
		Intellectual property products	1.6	7.3	-		1.8	7.5	-
	Public		0.5	6.8	-		0.3	4.7	-
Changes in inventories			na	na	na		na	na	0.2
Gross national expenditure			0.4	2.5	0.4		0.5	2.5	0.5
Exports of goods and services			-0.2	3.3	-0.1		-0.7	4.7	-0.1
Imports of goods and services			-0.3	1.2	0.1		0.1	1.5	-
Statistical discrepancy (E)			na	na	-0.1		na	na	-0.1
Gross domestic product			0.3	2.3	0.3		0.2	2.3	0.2
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.4% in seasonally adjusted terms. This was driven by rises in health (1.9%), and clothing and footwear (2.2%). There were falls in electricity, gas and other fuel (-2.4%), furnishings and household equipment (-0.8%) and purchase of vehicles (-1.5%). General government final consumption expenditure increased 1.8% in seasonally adjusted terms. National government consumption rose 2.8%, while state and local government consumption increased by 1.1%.

• Gross fixed capital formation decreased 1.0% in seasonally adjusted terms. Private investment decreased 1.3%, driven by dwellings (-3.4%) and ownership transfer costs (-6.6%). Partially offsetting the falls were increases in intellectual property products (1.8%) and new engineering construction (1.0%). Public investment increased 0.3% during the quarter, driven by state and local general government (6.3%).

• Total inventories increased $685m in seasonally adjusted terms following a fall of $9m last quarter. The increase was driven by a build up in Public authorities inventories. Mining and Manufacturing inventories fell this quarter, partially offsetting the result.

• Exports of goods and services fell 0.7% in seasonally adjusted terms. Exports of goods fell 0.9% with rural goods exports down 5.6% and non-rural goods exports up 2.7%. Exports of services rose 0.1%.
• Imports of goods and services rose 0.1% in seasonally adjusted terms. Imports of goods rose 0.3% driven by growth in intermediate goods (1.4%) and consumption goods (0.7%). This was partially offset by a fall in Imports of capital goods (-0.3%). Imports of services fell 0.4%.