SEPTEMBER KEY FIGURES

		Jun Qtr 2016 to Sep Qtr 2016	Sep Qtr 2015 to Sep Qtr 2016
		% change	% change
GDP (Chain volume measure)
	Trend	0.2	2.2
	Seasonally adjusted	-0.5	1.8
Final consumption expenditure (Chain volume measure)
	Trend	0.6	3.0
	Seasonally adjusted	0.3	2.8
Gross fixed capital formation (Chain volume measure)
	Trend	-0.8	-2.4
	Seasonally adjusted	-2.7	-2.5
GDP chain price index
	Original	1.2	1.4
Terms of trade
	Seasonally adjusted	4.5	1.5
Real net national disposable income
	Trend	0.9	3.3
	Seasonally adjusted	0.8	3.2

GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted

SEPTEMBER KEY POINTS


GDP SUMMARY

• The Australian economy declined by 0.5% in seasonally adjusted chain volume terms in the September quarter.
• New private capital formation detracted 0.6 percentage points and net exports detracted 0.2 percentage points from growth.
• Household final consumption expenditure grew by 0.4% for the quarter.
• Compensation of employees increased 1.3% to be 3.1% higher through the year.
• The Terms of trade increased by 4.5%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2016	1 March 2017
March 2017	7 June 2017
June 2017	6 September 2017
September 2017	6 December 2017

REVISIONS IN THIS ISSUE

The estimates in this issue incorporate the 2014-15 annual supply and use tables. For information on the role of supply and use tables in the national accounts and the major revisions please see the 'Analysis of Results' section in Australian System of National Accounts (cat. no. 5204.0).

This publication also includes the impact of re-referencing Chain Volume (CVM) estimates to the 2014-15 financial year. This in isolation will only affect levels of CVM estimates, generally leaving growth rates unchanged. Re-referencing can have an impact on CVM GDP growth (and other estimates) for the latest financial year (2015-16) if there are significant relative price changes between 2013-14 and 2014-15.

There are also revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.


OTHER CHANGES IN THIS ISSUE

This issue includes changes to the commentary. A new 'Analysis' section has been incorporated and will focus on the key areas each quarter. This replaces the former 'Analysis and comments' section.


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SUMMARY COMMENTARY