5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/06/2016   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

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

Final consumption expenditure
General government
0.6
3.2
0.1
0.9
3.7
0.2
Households
0.7
3.1
0.4
0.7
3.0
0.4
Gross fixed capital formation
Private
Dwellings
1.9
8.3
0.1
1.4
7.0
0.1
Ownership transfer costs
-0.6
1.2
-
3.1
3.1
-
Non-dwelling construction
-6.6
-19.1
-0.4
-7.7
-19.6
-0.5
Machinery and equipment
-0.2
-7.6
-
-1.9
-7.7
-0.1
Cultivated biological resources
0.2
6.6
-
1.1
6.0
-
Intellectual property products
0.3
-2.4
-
1.1
-2.8
-
Public
0.8
-1.4
-
0.7
0.4
-
Changes in inventories
-
-
na
na
na
-
Gross national expenditure
0.2
1.0
0.2
0.2
1.0
0.2
Exports of goods and services
2.5
7.6
0.6
4.4
6.6
1.0
Imports of goods and services
-0.5
-1.0
0.1
-0.8
-2.0
0.2
Statistical discrepancy (E)
na
na
-
na
na
-0.2
Gross domestic product
0.9
3.2
0.9
1.1
3.1
1.1

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



MARCH QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.7% in seasonally adjusted terms. The growth in Household final consumption expenditure was driven by a rise in Insurance and other financial services (1.6%) and Transport services (2.5%). Government final consumption expenditure increased 0.9% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation decreased 1.7% in seasonally adjusted terms. Public investment increased 0.7% during the quarter. This was more than offset by a fall of 4.2% in Private business investment. The fall in Private business investment was driven by a decrease in New engineering construction (-6.4%), New building (-6.9%) and Machinery and equipment (-1.9%). Partially offsetting this fall was a rise in Dwellings (1.4%). The fall in Total gross fixed capital formation detracted 0.4 percentage points from GDP growth during the quarter.

Changes in inventories
  • The change in total inventories was an increase of $651m in seasonally adjusted terms compared to an increase of $522m last quarter. This increase was driven by rises in Wholesale trade and Mining industries.

Exports and imports of goods and services
  • Exports of goods and services increased 4.4% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 4.0%, driven by Non-rural exports (5.6%) and partially offset by Rural exports (-6.6%). Exports of services rose 6.1%.
  • Imports of goods and services fell 0.8% in seasonally adjusted terms. Imports of goods fell 1.7%, with falls in Capital goods (-7.0%) and Intermediate goods (-0.5%). This was offset by Non-Monetary Gold (3.6%). Imports of Services rose 2.6%.