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 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 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16
% change
Dec 15 to
Mar 16

Final consumption expenditure
General government
0.8
-0.2
1.3
1.6
1.4
0.4
1.9
1.3
0.9
Households
0.9
0.6
0.3
0.6
0.7
0.4
0.7
0.5
0.7
Gross fixed capital formation
Private
1.6
-0.8
-3.6
-3.9
-4.9
-0.9
-4.4
2.8
-2.2
Public
-1.1
-1.9
6.6
1.4
-2.3
-2.7
5.0
2.2
0.7
State final demand
1.0
0.1
-
-
-1.2
0.1
-0.3
1.3
0.1

- 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 1.0% in the March quarter on the back of a 1.4% increase in the December quarter (revised up from a published 1.1%). Private gross fixed capital formation was the largest contributor to growth at 1.6%, driven by an increase of 5.0% in Machinery and equipment and 2.8% in Total dwellings. Offsetting this increase was a drop of 1.3% in Non-dwelling construction due to a drop in the value of work done in New building. Household final consumption expenditure increased 0.9% with broad strength across all components. This movement was driven by Insurance and other financial services, Transport services, Operation of vehicles and Electricity, gas and other fuels, with Cigarettes and tobacco, and Hotels, cafes and restaurants being the only detractors.

Victoria
  • Victoria State final demand increased 0.1% in the March quarter and follows the 1.4% increase in the December quarter (revised up from a published 1.2%). Household final consumption expenditure was the main contributor to growth at 0.6%, adding 0.4 percentage points to Victorian State final demand, and was largely driven by Electricity, gas and other fuels. Offsetting this movement was a decline in Government final consumption expenditure, driven by a decrease of 1.2% in State and local final consumption expenditure. Private gross fixed capital formation also decreased 0.8% this quarter, driven by falls in Non-dwelling construction and Machinery and equipment.

Queensland
  • Queensland State final demand remained flat in the March quarter following the 0.3% decrease in the December quarter (revised down from a published 0.1%). Weakness in Private gross fixed capital formation continued this quarter with a decrease of 3.6%, recording consistent falls in Non-dwelling construction and Machinery and equipment. Offsetting this fall was Public gross fixed capital formation, with an increase of 6.6% due to a rise of 19.7% from State and local general government. The other notable increase was in Household final consumption expenditure, increasing 0.3% driven by Insurance and other financial services.

South Australia
  • South Australia State final demand remained flat in the March quarter following the 0.3% rise in the December quarter (revised down from a published 0.4%). Insurance and other financial services drove the 0.6% increase in Household final consumption expenditure, with Electricity, gas and other fuels, and Cigarettes and tobacco being the primary detractors. Increases in General government drove the rise of 1.4% in Public gross fixed capital formation. Growth was offset by falls in Private gross fixed capital formation with falls in New engineering construction of 15.5% and New Building of 11.7%.

Western Australia
  • Western Australia State final demand for the March quarter fell 1.2% following a 1.7% fall in the December quarter (revised up from a published -2.3%). Private gross fixed capital formation continues to be the greatest detractor from growth with a fall of 4.9% driven by a fall of 7.6% in Non-dwelling construction. Public gross fixed capital formation fell 2.3% this quarter, driven by Commonwealth public corporations. Clothing and footwear, and Transport services drove the Household final consumption expenditure increase of 0.7%, while Government final consumption expenditure also rose for the quarter with an increase of 1.4%.

Tasmania
  • Tasmania State final demand rose 0.1% for the March quarter following a 0.1% increase in the December quarter (revised down from a published 0.7%). Household final consumption expenditure was the strongest contributor to growth, rising 0.4% due to strength in Other goods and services, and Recreation and culture. Government final consumption expenditure grew 0.4% due to strength from Commonwealth final consumption expenditure. Public gross fixed capital formation offset growth this quarter with Commonwealth public corporations falling 20.2%. Private gross fixed capital formation fell by 0.9%, with a decrease in Total dwellings of 9.0% following an increase in the December quarter. This fall was only partially offset by an increase of 12.7% in Machinery and equipment.

Northern Territory
  • Northern Territory State final demand fell 0.3% in the March quarter following the 6.2% fall in the December quarter (revised up from a published -6.3%). Private gross fixed capital formation (-4.4%) fell for the fourth consecutive quarter, detracting 1.4 percentage points from Northern Territory State final demand. This decrease was driven by a large fall of 4.4% in Non-dwelling construction. Machinery and equipment fell for the sixth consecutive quarter with a decrease of 6.2%. Offsetting these falls was an increase in Government final consumption expenditure driven by an increase in Commonwealth final consumption expenditure.

Australian Capital Territory
  • Australian Capital Territory State final demand increased 1.3% for the March quarter following the 1.1% increase in the December quarter (revised up from 1.0%). Private gross fixed capital formation was the largest driver this quarter, rising 2.8% due to an increase in Total dwellings of 23.9%. There was also growth in Final consumption expenditure of 1.0%, with Government and Household final consumption expenditure increasing 1.3% and 0.5% respectively. An increase in Public gross fixed capital formation was driven by General government which rose 4.7%.