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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend			Seasonally adjusted
			% change Dec 13 to Mar 14	% change Mar 13 to Mar 14	% points contributions to growth in GDP Dec 13 to Mar 14	% change Dec 13 to Mar 14	% change Mar 13 to Mar 14	% points contributions to growth in GDP Dec 13 to Mar 14
Final consumption expenditure
	General government		0.4	2.2	0.1	0.3	1.9	0.1
	Households		0.6	2.7	0.3	0.5	2.8	0.3
Gross fixed capital formation
	Private
		Dwellings	2.2	5.4	0.1	4.7	8.0	0.2
		Ownership transfer costs	2.5	13.8	-	4.8	16.8	0.1
		Non-dwelling construction	-4.6	-7.1	-0.4	-2.7	-3.3	-0.2
		Machinery and equipment	-3.3	-14.2	-0.2	3.2	-9.0	0.1
		Cultivated biological resources	2.1	16.9	-	0.8	19.3	-
		Intellectual property products	0.2	-0.1	-	1.5	1.3	-
	Public		4.1	6.9	0.2	-5.0	-3.0	-0.2
Changes in inventories			-	-	-0.2	na	na	-0.6
Gross national expenditure			-	0.7	-	-0.3	0.9	-0.3
Exports of goods and services			2.0	7.9	0.5	4.8	10.4	1.1
Imports of goods and services			-1.6	-4.2	0.3	-1.4	-2.2	0.3
Statistical discrepancy (E)			na	na	-	na	na	-
Gross domestic product			0.8	3.2	0.8	1.1	3.5	1.1
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.5% in seasonally adjusted terms. The main contributor to growth in Household final consumption expenditure was Hotels, cafes and restaurants (0.2 percentage points). Government final consumption expenditure increased 0.3% in seasonally adjusted terms.

• Gross fixed capital formation was flat in seasonally adjusted terms. Private gross fixed capital formation increased by 1.0% driven by increases in Total dwellings (4.7%) and Total machinery and equipment (3.2%). These increases were offset by a decrease in Total non-dwelling construction of 2.7% due to a 5.5% decrease in New engineering construction. Total public gross fixed capital formation decreased by 5.0%, driven by decreases in Total public corporations of 11.2% and Total general government of 1.7%.

• Total inventories decreased $2690m in seasonally adjusted terms compared with a decrease of $209m last quarter. Change in inventories detracted 0.6 percentage points from GDP growth during the quarter.

• Exports of goods and services increased 4.8% in seasonally adjusted terms. Seasonally adjusted Exports of goods increased 5.3%, with Rural exports up 7.3% and Non-rural exports up 5.4%.
• Imports of goods and services decreased 1.4% in seasonally adjusted terms. Seasonally adjusted Imports of goods decreased 0.8%, Capital goods down 8.4%, offset by Intermediate goods up 2.6% and Consumption goods up 1.3%.