5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2016   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Mar 16 to Jun 16
% change Jun 15 to Jun 16
% points contributions to growth in GDP Mar 16 to Jun 16
% change Mar 16 to Jun 16
% change Jun 15 to Jun 16
% points contributions to growth in GDP Mar 16 to Jun 16

Final consumption expenditure
General government
1.2
4.1
0.2
1.9
4.4
0.3
Households
0.6
2.9
0.3
0.4
2.9
0.2
Gross fixed capital formation
Private
Dwellings
1.9
8.1
0.1
1.6
8.3
0.1
Ownership transfer costs
-0.8
-3.1
-
-2.1
-5.2
-
Non-dwelling construction
-5.6
-19.7
-0.3
-12.4
-26.3
-0.8
Machinery and equipment
1.0
-1.9
-
1.4
-2.5
0.1
Cultivated biological resources
0.4
1.4
-
1.9
5.3
-
Intellectual property products
-
-1.4
-
-0.4
-0.8
-
Public
4.4
7.3
0.2
15.5
13.9
0.7
Changes in inventories
na
na
na
na
na
0.3
Gross national expenditure
0.6
1.6
0.6
0.9
1.5
0.8
Exports of goods and services
1.3
6.9
0.3
1.3
9.6
0.3
Imports of goods and services
0.4
-1.0
-0.1
2.7
-0.5
-0.5
Statistical discrepancy (E)
na
na
-0.1
na
na
-0.1
Gross domestic product
0.7
3.1
0.7
0.5
3.3
0.5

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


JUNE QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.4% in seasonally adjusted terms. This was driven by a rise in Health (2.1%) and Hotels, cafes and restaurants (1.8%). Government final consumption expenditure increased 1.9% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation was flat in seasonally adjusted terms. Public investment increased 15.5%, driven by State and local general government (21.0%). In part this reflected the transfer of assets from the private sector, which contributed to a fall of 3.4% in Private investment. The fall in Private investment was driven by Non-dwelling construction (-12.4%), offset by Dwellings (1.6%) and Machinery and equipment (1.4%).

Changes in inventories
  • Total inventories increased $706m in seasonally adjusted terms compared to a decrease of $477m last quarter. The change in inventories contributed 0.3 percentage points to GDP during the quarter. This increase was driven by a rise in Wholesale trade inventories.

Exports and imports of goods and services
  • Exports of goods and services increased 1.3% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 1.4%, driven by increases in Mineral ores (0.9%), Coal (2.5%) and Machinery (2.5%). Rural exports fell by 0.6% in seasonally adjusted terms. Exports of services rose 0.8%.
  • Imports of goods and services rose 2.7% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 3.4% due to increases in Consumption goods (6.5%) and Intermediate goods (2.1%). Imports of services was flat.