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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend				Seasonally adjusted
			% Change	% Change	% points contribution to		% Change	% Change	% points contribution to
			Mar 18 to	Jun 17 to	growth in GDP		Mar 18 to	Jun 17 to	growth in GDP
			Jun 18	Jun 18	Mar 18 to Jun 18		Jun 18	Jun 18	Mar 18 to Jun 18
Final consumption expenditure
	General government		1.3	5.2	0.3		1.0	5.1	0.2
	Households		0.7	3.1	0.4		0.7	3.0	0.4
Gross fixed capital formation
	Private
		Dwellings	2.2	4.2	0.1		1.7	3.8	0.1
		Ownership transfer costs	0.1	-3.0	-		-0.3	-4.5	-
		Non-dwelling construction	-1.4	1.0	-0.1		-1.2	15.4	-0.1
		Machinery and equipment	0.5	7.7	-		-1.6	6.7	-0.1
		Cultivated biological resources	-2.4	-6.4	-		-3.5	-5.0	-
		Intellectual property products	1.6	4.6	-		2.7	4.9	0.1
	Public		-	1.0	-		-	-8.1	-
Changes in inventories			na	na	na		na	na	-
Gross national expenditure			0.8	3.7	0.8		0.5	4.0	0.6
Exports of goods and services			1.2	3.6	0.2		1.1	3.7	0.2
Imports of goods and services			1.1	5.9	-0.2		0.4	6.2	-0.1
Statistical discrepancy (E)			na	na	0.1		na	na	0.2
Gross domestic product			0.9	3.4	0.9		0.9	3.4	0.9
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.7% in seasonally adjusted terms. This was driven by rises in food (1.3%), recreation and culture (1.0%) and insurance and other financial services (0.9%). There were falls in purchase of vehicles (-1.8%), transport services (-0.5%) and hotels, cafes and restaurants (-0.3%). Government final consumption expenditure increased 1.0% in seasonally adjusted terms. State and local government consumption rose 0.4%, while national government consumption increased by 1.9%.

• Gross fixed capital formation was flat this quarter in seasonally adjusted terms. Private investment recorded no movement, with a rise in total dwellings (1.7%) offset by falls in machinery and equipment (-1.6%), and non-dwelling construction (-1.2%). Public investment was also flat this quarter. A rise for the general government sector (2.2%) was offset by a fall for public corporations (-5.8%).

• Total inventories increased $1,160m in seasonally adjusted terms following an increase of $1,242m last quarter. The increase was driven by Wholesale Trade inventories, which recorded a strong build up for the second consecutive quarter. Public Authorities and Mining industry inventories increased during the quarter.

• Exports of goods and services rose 1.1% in seasonally adjusted terms. Exports of goods rose 1.1% with non-rural exports up (1.4%) and rural exports up (3.9%). Exports of services rose 1.2%.
• Imports of goods and services rose 0.4% in seasonally adjusted terms. Seasonally adjusted imports of goods rose 1.7% driven by rises in both capital goods (4.4%) and consumption goods (1.6%). There was a decline in imports of intermediate goods (-1.0%). Imports of services fell 3.8%.