5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2015 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2015   
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MAIN FEATURES STATE FINAL DEMAND CHAIN VOLUME MEASURES

Seasonally adjusted
New South Wales
Victoria
Queensland
South Australia
Western Australia
Tasmania
Northern Territory
Australian Capital Territory
Australia(a)
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15
% change
Dec 14 to
Mar 15

Final consumption expenditure
General government
1.0
-0.7
1.2
1.0
-1.0
-1.3
-0.2
1.2
0.4
Households
0.3
0.6
0.9
0.7
0.3
0.5
1.1
0.1
0.5
Gross fixed capital formation
Private
0.9
5.8
-4.1
2.6
-4.9
1.0
11.0
3.0
-1.0
Public
-0.5
-1.4
6.8
-8.9
-2.2
4.2
-57.2
5.3
-2.4
State final demand
0.5
1.3
0.1
0.8
-1.8
0.3
-0.6
1.4
-

- nil or rounded to zero (including null cells)
(a) Australia estimates relate to Domestic final demand.



MARCH QUARTER

Summary Comments

New South Wales
  • New South Wales State final demand increased 0.5% in the March quarter on the back of 0.6% growth in the December quarter (revised up from a published 0.3%). Private gross fixed capital formation increased 0.9% to March with the strength from New building. This was offset by a fall in Total dwellings coming off a number of quarters of strength. Household final consumption expenditure grew 0.3% in the March quarter, with decreases in Recreation and culture, Food and Cigarettes and tobacco driving more moderate growth compared with recent quarters.

Victoria
  • Victoria State final demand was again strong at 1.3% for the March quarter following the 1.6% increase in the December quarter with the continued strength from Private capital driving results. Private gross fixed capital formation increased 5.8% which was the largest contributor to State final demand (1.1 percentage points). The increase came from large numbers of new commencements as well as continued work on existing projects for New buildings and Dwellings. Household final consumption expenditure also contributed to the ongoing strength in Victoria with growth in most categories, Food and Cigarettes and tobacco were the only detractors from growth. Both Public gross fixed capital formation and Government final consumption expenditure decreased in March after increasing in the December quarter.

Queensland
  • Queensland State final demand was up slightly at 0.1% in the March quarter following a decrease of 0.9% in the December quarter (revised up from a published -1.0%). There was continued weakness in Private gross fixed capital formation driven by Non-dwelling construction in line with declining activity on large scale projects as these projects near completion. This weakness was offset this quarter by strength coming through from Household final consumption expenditure with Purchase of motor vehicles, Insurance and other finance, and Furnishings and household equipment being the main contributors to the 0.9% increase.

South Australia
  • South Australia State final demand for March increased 0.8% following the 0.3% rise in the December quarter (revised up from a published 0.2%). Household final consumption expenditure continues to expand with broad-based growth driving the 0.7% increase in the March quarter. Private gross fixed capital formation increased 2.6% largely driven by growth in Total dwellings. This was offset by falls in Non-dwelling construction. Public gross fixed capital formation fell for the third consecutive quarter, largely driven by State and local general government.

Western Australia
  • Western Australia State final demand for the March quarter fell 1.8% following a 0.1% fall in the December quarter (revised down from a published 2.1%). This continues the emerging trend of falling State final demand and aligns with the decline in activity on large scale projects. Non-dwelling construction was the most significant detractor from State final demand growth at -4.9% (-1.8 percentage points) with activity on LNG projects nearing completion during the quarter. Household final consumption expenditure increased with moderate growth in Hotels, cafes and restaurants as well as Electricity and other fuels. Despite the positive contribution to growth coming from Western Australian Household final consumption it was not enough to offset the decline at the total State final demand level with both Government final consumption expenditure and Public gross fixed capital formation also falling in the March quarter.

Tasmania
  • Tasmania State final demand continues to expand with an increase of 0.3% for the March quarter following a 0.5% increase in the December quarter (revised up from a published -0.1%). This is the fifth consecutive quarter of State final demand growth for Tasmania. Household final consumption expenditure increased 0.5% for the March quarter with weaker results in Recreation and culture and Hotels, cafes and restaurants being offset by growth in the consumption of Health, furnishings and household equipment and Purchase of vehicles. Strength in Total dwellings offset the fall in Non-dwelling construction with Private gross fixed capital formation increasing 3.0%. Government final consumption expenditure fell for the third consecutive quarter and was the only detractor from growth this quarter.

Northern Territory
  • Northern Territory State final demand fell 0.6% for the March quarter after a strong rise of 1.2% in the December quarter (revised up from a published 1.0%). Private gross fixed capital formation increased 11.0%, this was offset by a fall in Public gross fixed capital formation. Household final consumption expenditure continued to grow with an increase of 1.1% for the March quarter. This increase was driven by growth in Recreation and culture with Cigarettes and tobacco being the only detractor from growth.

Australian Capital Territory
  • Australian Capital Territory State final demand rose 1.4% for the March quarter following a fall of 1.5% in the December quarter (revised down from a published -0.9%). The public sector drove the results this quarter with strength coming through both Government final consumption expenditure and Public gross fixed capital formation. At all levels of government, Government final consumption expenditure increased with State and local contributing 0.3 percentage points to overall growth. Public gross fixed capital formation was up, driven by public corporations at all levels of government. Private gross fixed capital formation also increased with work continuing on projects for Dwellings and Non-dwelling construction.