5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2012 Quality Declaration 
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6 March 2012
Embargo: 11.30 am (Canberra time)
Australian economy grows 0.6 per cent

Latest Australian Bureau of Statistics (ABS) figures show that GDP, in seasonally adjusted volume terms, grew 0.6 per cent in the December quarter 2012.

Growth for the quarter was driven by a 1.1 per cent contribution from public investment, and a 0.6 per cent contribution from net exports. These increases were partially offset by a -1.0 per cent contribution from private investment and a -0.4 per cent contribution from changes in inventories.

The industries that drove growth in the December quarter were Mining, Manufacturing, Health and Finance, with each industry contributing 0.1 per cent to the increase in GDP.

The December quarter saw the Terms of trade fall 2.7 per cent.

Further details can be found in Australian National Accounts: National Income, Expenditure and Product (cat no. 5206.0)

Media Note:

When reporting ABS data, the Australian Bureau of Statistics (or ABS) must be attributed as the source.