MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES
| | | Trend | Seasonally adjusted |
| | | % change Mar 10 to Jun 10 | % change Jun 09 to Jun 10 | % points contributions to growth in GDP Mar 10 to Jun 10 | % change Mar 10 to Jun 10 | % change Jun 09 to Jun 10 | % points contributions to growth in GDP Mar 10 to Jun 10 |
|
Final consumption expenditure | | | | | | |
| General government | 1.3 | 5.9 | 0.2 | 1.8 | 6.3 | 0.3 |
| Households | 1.0 | 3.2 | 0.5 | 1.6 | 3.2 | 0.9 |
Gross fixed capital formation | | | | | | |
| Private | | | | | | |
| | Dwellings | 0.7 | 5.6 | - | 5.0 | 11.3 | 0.3 |
| | Ownership transfer costs | -1.8 | 0.3 | - | -3.2 | -2.9 | - |
| | Non-dwelling construction | 0.6 | -4.0 | - | 1.5 | -4.7 | 0.1 |
| | Machinery and equipment | -2.1 | 0.7 | -0.1 | -3.1 | -0.5 | -0.2 |
| | Cultivated biological resources | -2.0 | -1.0 | - | 3.6 | 4.6 | - |
| | Intellectual property products | 2.5 | 8.8 | 0.1 | 2.3 | 9.0 | 0.1 |
| Public | 4.7 | 38.5 | 0.3 | - | 38.4 | - |
Changes in inventories | na | na | -0.1 | na | na | -0.7 |
Gross national expenditure | 1.0 | 6.1 | 1.1 | 0.6 | 5.8 | 0.6 |
Exports of goods and services | 2.1 | 4.0 | 0.4 | 5.6 | 4.7 | 1.1 |
Imports of goods and services | 1.9 | 15.9 | -0.4 | 3.0 | 17.3 | -0.7 |
Statistical discrepancy (E) | na | na | -0.2 | na | na | 0.2 |
Gross domestic product | 0.9 | 3.2 | 0.9 | 1.2 | 3.3 | 1.2 |
|
- nil or rounded to zero (including null cells) |
na not available |
JUNE QUARTER
Summary Comments
Final Consumption Expenditure
- Government final consumption expenditure increased 1.8% and Household final consumption expenditure increased 1.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Purchase of vehicles (up 11.2%), Recreation and culture (up 3.3%) and Insurance and other financial services (up 2.6%).
Gross fixed capital formation
- Gross fixed capital formation increased 0.6% in seasonally adjusted terms. Total private gross fixed capital formation increased 0.8%, reflecting a rise in Total dwellings investment (up 5.0%). Public gross fixed capital formation was flat. This was the result of a fall in Public corporations investment (down 1.4%) that was offset by a rise in Total general government investment (up 0.7%).
Changes in inventories
- Total inventories fell by $514m in seasonally adjusted terms compared with an increase of $1770m last quarter. The change in inventories detracted 0.7 percentage points from GDP growth during the quarter.
Exports and imports of goods and services
- Exports of goods and services rose 5.6% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 7.3%, driven by Non-rural exports (up 7.5%).
- Imports of goods and services rose 3.0% in seasonally adjusted terms. Seasonally adjusted Imports of services rose 1.4%, while Imports of goods rose 3.5%.