Australian National Accounts: National Income, Expenditure and Product

• 2.1% rise in Insurance and other financial services
• 4.2% rise in Electricity, gas and other fuel
• 0.4% rise in Rent and other dwelling services
• 1.0% rise in Health
• 0.7% rise in Food
• 2.1% rise in Purchase of vehicles
• 0.4% rise in Hotels, cafes and restaurants
• 0.5% rise in Other goods and services
• 0.7% rise in Clothing and footwear
• 0.4% rise in Furnishings and household equipment
• 0.5% rise in Education services

The increase was partly offset by a:

• 10.7% fall in Cigarettes and tobacco
• 1.0% fall in Operation of vehicles
• 0.9% fall in Transport services
• 0.3% fall in Alcoholic beverages

• 1.0% rise in State and local
• 0.6% rise in National non-defence
• 0.5% rise in National defence
   

• 7.6% rise in machinery and equipment
• 1.8% rise in dwellings
• 5.0% rise in ownership transfer costs
• 2.4% rise in intellectual property products
• 3.1% rise in cultivated biological resources
• 0.1% rise in non-dwelling construction

• 5.1% rise in state and local public corporations
• 1.4% rise in state and local general government
• 6.1% rise in national defence
• 4.6% rise in national non-defence
• 3.8% rise in Commonwealth public corporations

Total inventories fell $1,916m following a rise of $1,748m in the June quarter 2025. The largest contributors to the decrease were a:

• $1,567m fall in Mining
• $791m fall in Retail Trade
• $144m fall in Public Authorities
• $20m fall in Wholesale Trade

The decrease was partly offset by a:

• $314m rise in Farm
• $269m rise in Manufacturing
• $22m rise in Other Non-Farm

• 6.9% rise in Coal
• 6.1% rise in Other rural
• 0.7% rise in Mineral ores
• 18.7% rise in Transport equipment
• 5.4% rise in Machinery
• 0.7% rise in Other services 
• 1.1% rise in Meat
• 2.4% rise in Transportation services
• 0.4% rise in Non-monetary Gold
• 4.5% rise in Wool and sheepskins
• 2.7% rise in Goods procured in port
• 5.1% rise in Net exports of goods under merchanting
• 12.8% rise in Maintenance and repair services nes

The rise was partly offset by a:

• 4.8% fall in Other manufactures nes
• 5.6% fall in Metals & metal manufacturing
• 8.7% fall in Other non-rural & sugar
• 3.7% fall in Cereals
• 0.6% fall in Other mineral fuels

• 235.9% rise in Civil aircraft & confidentialised items. 
• 9.8% rise in Fuels & lubricants
• 13.5% rise in ADP equipment
• 6.1% rise in Machinery & industrial equipment
• 9.5% rise in Parts for transport equipment
• 5.1% rise in Telecommunications equipment
• 3.3% rise in Food, beverages & tobacco
• 26.6% rise in Primary industrial supplies nes
• 16.0% rise in Food & beverages
• 0.7% rise in Processed industrial supplies nes
• 0.7% rise in Transportation services
• 0.4% rise in Consumption goods nes 

The rise was partly offset by a:

• 23.5% fall in Non-monetary gold 
• 5.7% fall in Non-industrial transport equipment
• 10.8% fall in Capital goods nes
• 8.4% fall in Industrial transport equipment
• 3.3% fall in Textile clothing & footwear

Compensation of employees rose 1.7%. Private sector COE rose 1.6% and public sector COE rose 2.2%. The strength in private sector was driven by Financial and Insurance Services, Construction, and Administrative and Support Services. The rise in Financial and Insurance Services was driven by redundancies and bonus payments and increased activity for insurance brokers and fund management. Construction wages rose in line with increased project activity and demand for skilled workers, while a rise in Administrative and Support Services was driven by increases to the minimum wage, and strong demand for labour hire services. 

Public sector COE increased due to a rise in employee expenses by state and local governments. The strength in employee expenses was driven by a number of enterprise agreements across New South Wales, Victoria and Western Australia. These pay increases were seen across healthcare and social assistance, education and police employees.

All of the eight states and territories recorded a quarterly rise in COE. The largest increases were:

• 3.5% rise in Tasmania
• 2.4% rise in South Australia
• 2.3% rise in Victoria

Private non-financial corporations GOS rose 1.0%, driven by:

• Rise in Mining due to increased demand for thermal and metallurgical coal following weather disruptions to ports and road networks in the previous quarter. Metal ores also contributed to the strength driven by iron ore reflecting increased global demand. This was partly offset by oil and gas due to a fall in  production after planned maintenance.
• Rise in Electricity, Gas, Water and Waste Services due to lower costs and a rise in demand for electricity and gas in line with cooler and wetter weather on the east coast.
• Rise in Transport, Postal and Warehousing driven by airport operators due to increased activity in line with a rise in passenger travel for both domestic and international. Rail transport also rose driven by increased passengers and a decline in expenses. Air transport recorded mixed results, with a rise in sales being offset by increased expenses for jet fuel.   
• Partly offset by a fall in Professional, Scientific and Technical Services driven by rising operating expenses and reduced activity, Retail Trade fell driven by increased labour costs in line with minimum wage rises, and Manufacturing also decreased driven by primary metal and metal products due to refinery closures and lower export sales.

Other sectors GOS rose 1.9%, driven by a:

• 2.6% rise in financial corporations, driven by strength in loan and deposit balances with slight increase in margins.
• 1.2% rise in dwellings owned by persons, reflecting rent increases due to population growth and low vacancy rates.
• 6.1% rise public non-financial corporations GOS.
   

Taxes on production and imports rose 3.6% driven by taxes on financial and capital transactions, payroll taxes, excise tax and partly offset by taxes on international trade. Taxes on financial and capital transactions rose in line with an increase in residential and commercial property transactions. Excise tax rose due to strong crude oil price and sales volumes. Subsidies on production rose 2.6% driven by state and local general government and partly offset by a fall in national general government subsidy payments. The rise in state and local general government was driven by New South Wales, Victoria and Queensland due to a rise in subsidy payments related to climate change, transport and sporting services. National general government subsides fell driven by Australia Screen and Digital Game Production Incentive program and subsidy support for the Child Care System program after a strong rise last quarter. These rises were offset by Fuel Tax Credits Scheme and research and development tax incentive program.

The decrease was driven by a:
•    2.8% fall in Agriculture due to decreased livestock production. 
•    1.6% fall in Forestry and Fishing.

The decrease was driven by a:
•    3.5% fall in Iron Ore Mining, following strong production in the June quarter.
•    2.6% fall in Oil and Gas Extraction due to planned maintenance. 
•    0.1% fall in Other Mining due to lower copper production, partly offset by gold.

This was partly offset by a:
•    1.0% rise in Coal Mining, driven by increases in thermal and coking coal production. 
•    0.8% rise in Exploration and Mining Support Services.

The increase was driven by a:
•    4.1% rise in Other Manufacturing. 
•    4.1% rise in Petroleum, Coal, Chemical and Rubber Products, driven by pharmaceutical product manufacturing.
•    2.2% rise in Machinery and Equipment, as demand increased from low levels.

This was partly offset by a:
•    2.4% fall in Metal Products, driven by Fabricated Metal Product Manufacturing.
•    0.3% fall in Food, Beverage and Tobacco Products, driven by Beverage Manufacturing.

The increase was driven by a:
•    2.7% rise in Electricity Supply due to cooler than average temperatures. 
•    2.6% rise in Gas Supply.

Water Supply and Waste Services was flat (0.0%).

The increase was driven by a:
•    1.3% rise in Construction Services due to higher demand for trade services.
•    2.5% rise in Building Construction, driven by residential construction. 
•    2.1% rise in Heavy and Civil Engineering Construction, from energy and transport projects.

The decrease was driven by:
•    Basic Material Wholesaling, driven by fertiliser, grain and fuel wholesaling.
•    Motor Vehicle and Motor Vehicle Parts Wholesaling, in line with weak imports.

This was partly offset by a rise in:
•    Machinery and Equipment Wholesaling due to electrical and computer product wholesaling. 
•    Other Goods Wholesaling due to pharmaceutical product wholesaling.

The increase was driven by:
•    Other Store-Based Retailing due to increased demand for household goods, electrical goods and clothing and footwear.
•    Motor Vehicle and Motor Vehicle Parts Retailing due to continued demand for passenger vehicles.

The increase was driven by:
•    Food and Beverage Services due to increased demand for pubs, clubs, cafés, restaurants and takeaway services. 
•    Accommodation, in line with increased overseas arrivals.

The increase was driven by a:
•    1.6% rise in Transport, Postal and Storage Services, driven by strength in airport and port services.
•    4.1% rise in Air and Space Transport, from increased international travel.
•    2.6% rise in Rail, Pipeline and Other Transport, aligning with an increase in commodity exports.
•    0.1% rise in Road Transport.

The increase was driven by a:
•    1.6% rise in Other Information and Media Services, driven by data centre activity.
•    0.4% rise in Telecommunications Services.

The increase was driven by a:
•    2.7% rise in Other Financial and Insurance Services, driven by superannuation, mortgage brokering and trading activity. 
•    1.1% rise in Finance, driven by strength in deposit and loan balances.

The increase was driven by a:
•    1.9% rise in Property Operators and Real Estate Services due to increased real estate market activity.
•    0.2% rise in Rental and Hiring Services due to construction machinery hire.

The decrease was driven by a:
•    1.7% fall in Other Professional, Scientific and Technical Services due to engineering consulting and legal services.
•    2.5% fall in Computer System Design and Related Services due to lower demand for IT consulting services.

Administrative Services rose, driven by travel agencies and labour hire.

Public Administration and Safety rose due to increased defence exercise activity.

Health Care and Social Assistance rose due to an increase in private health services in line with a stronger flu season.

Arts and Recreation Services rose, driven by Sports and Recreation Activities. 

Other Services rose, driven by Personal and Other Services.

Total final consumption expenditure increased 0.8%, driven by a:

• 0.6% rise in household consumption driven by electricity, gas and other fuels (7.9%), insurance and other financial services (2.0%), rent and other dwelling services (0.3%) and food (0.7%). The increase was slightly offset by falls in cigarettes and tobacco (-9.0%), transport services (-1.2%) and operation of vehicles (-0.7%).
• 1.3% rise in government consumption driven by state and local spending (2.2%).

Private gross fixed capital formation increased 3.1%, driven by a:

• 7.2% rise in total machinery and equipment.
• 3.0% rise in total non-dwelling construction, led by new engineering construction (8.0%).
• 6.0% rise in ownership transfer costs.

Public gross fixed capital formation increased 3.0%, driven by a:

• 7.5% rise in public corporations driven by increased state and local (13.4%) and national (1.2%).
• 1.1% rise in general government led by increased national (6.3%).
   

Total final consumption expenditure increased 0.6%, driven by a:

• 0.5% rise in household consumption driven by insurance and other financial services (2.1%), health (1.1%), purchase of vehicles (3.0%) and recreation and culture (0.8%). The increase was partly offset by falls in cigarettes and tobacco (-11.2%) and operation of vehicles (-1.4%).
• 0.9% rise in government consumption driven by increased state and local (0.9%) and national spending (1.0%).

Private gross fixed capital formation increased 3.0%, driven by a:

• 8.5% rise in total machinery and equipment.
• 6.5% rise in ownership transfer costs.
• 2.6% rise in intellectual property products.

Public gross fixed capital formation increased 4.0%, driven by a:

• 7.5% rise in public corporations led by state and local (7.0%).
• 2.6% rise in general government led by state and local (2.1%).

Total final consumption expenditure increased 0.4%, driven by a: 

• 0.3% rise in household consumption driven by insurance and other financial services (2.1%), hotels, cafes and restaurants (1.1%), electricity, gas and other fuel (6.4%) and rent and other dwelling services (0.4%). The increase was partly offset by falls in cigarettes and tobacco (-15.7%) and recreation and culture (-0.9%).
• 0.6% rise in government consumption led by increased state and local spending (1.1%).

Private gross fixed capital formation increased 5.0%, driven by a: 

• 11.9% rise in total machinery and equipment.
• 4.6% rise in total dwellings led by new and used dwellings (5.8%).
• 4.9% rise in ownership transfer costs.
• 1.3% rise in total non-dwelling construction driven by new buildings (3.4%).

Public gross fixed capital formation increased 4.5%, driven by a: 

• 10.7% rise in public corporations led by state and local (11.8%).
• 1.9% rise in general government driven by national (6.7%) and state and local (1.0%).

Total final consumption expenditure increased 0.4%, driven by a:

• 0.3% rise in household consumption driven by insurance and other financial services (1.9%), health (1.3%) and food (1.0%). These were partly offset by falls in cigarettes and tobacco (-10.2%), recreation and culture (-0.8%) and hotels, cafes and restaurants (-0.7%).
• 0.6% rise in government consumption led by increased national (1.1%) spending.

Private gross fixed capital formation increased 1.1%, driven by a:

• 7.0% rise in total machinery and equipment.
• 0.8% rise in total dwellings led by alterations and additions (1.3%).
• 1.6% rise in ownership transfer costs.

Partly offset by a:

• 2.1% fall in total non-dwelling construction led by new building (-3.3%).

Public gross fixed capital formation increased 9.5%, driven by a:

• 8.2% rise in general government led by state and local (9.3%).
• 14.5% rise in public corporations led by state and local (18.2%).
   

Total final consumption expenditure increased 0.3%, driven by a: 

• 0.5% rise in household final consumption driven by insurance and other financial services (2.2%), rent and other dwelling services (0.6%), food (1.0%) and health (1.2%). These were partly offset by falls in cigarettes and tobacco (-7.1%), transport services (-1.0%), hotels, cafes and restaurants (-0.6%) and operation of vehicles (-0.6%).

Partly offset by a:

• 0.4% fall in government consumption driven by decline in state and local (-0.7%) spending.

Private gross fixed capital formation increased 1.7%, driven by a: 

• 1.3% rise in total non-dwelling construction led by new building construction (7.0%).
• 1.3% rise in total machinery and equipment.
• 2.2% rise in total dwellings driven by alterations and additions (11.5%).
• 4.7% rise in ownership transfer costs.

Public gross fixed capital formation increased 7.7%, driven by a:

• 15.2% rise in public corporations led by state and local (16.1%).
• 0.5% rise in general government driven by national (3.4%).

Total final consumption expenditure increased 0.7%, driven by a:

• 0.7% rise in household final consumption, driven by electricity, gas and other fuel (18.7%), insurance and other financial services (1.9%) and purchase of vehicles (7.0%). These were partly offset by falls in cigarettes and tobacco (-9.3%), transport services (-2.8%) and hotels, cafes and restaurants (-0.4%).
• 0.8% rise in government consumption driven by national (2.2%).

Private gross fixed capital formation increased 1.0%, driven by a: 

• 12.2% rise in total non-dwelling construction driven by new building (18.3%).

Partly offset by a:

• 9.0% fall in total machinery and equipment.

Public gross fixed capital formation decreased 34.2%, driven by a: 

• 51.7% fall in public corporations led by state and local (-53.5%).

Total final consumption expenditure increased 0.6%, driven by a:

• 1.1% rise in government consumption, driven by increased state and local (1.4%) and national (1.0%) spending.
• 0.1% rise in household consumption, driven by purchase of vehicles (9.5%), insurance and other financial services (1.9%) and recreation and culture (1.1%). These were partly offset by falls in cigarettes and tobacco (-14.3%), transport services (-2.8%) and electricity, gas and other fuel (-6.0%).

Private gross fixed capital formation decreased 9.6%, driven by a: 

• 31.9% fall in total non-dwelling construction, led by new engineering construction (-35.1%).

Partly offset by a:

• 27.0% rise in intellectual property products.
• 7.2% rise in total machinery and equipment.

Public gross fixed capital formation decreased 0.2%, driven by a:

• 2.8% fall in general government driven by state and local (-10.8%).

Partly offset by a 

• 14.7% rise in public corporations driven by state and local (17.2%).
   

Total final consumption expenditure increased 0.8%, driven by a: 

• 0.6% rise in government consumption led by national (0.7%).
• 1.0% rise in household consumption, driven by purchase of vehicles (9.7%), insurance and other financial services (2.1%) and health (1.7%). These increases were slightly offset by a fall in cigarettes and tobacco (-11.8%).

Private gross fixed capital formation decreased 0.4%, driven by a:

• 9.0% fall in total dwellings led by new and used dwellings (-9.2%).
• 5.1% fall in total non-dwelling construction driven by new building (-14.7%).

Partly offset by a:

• 25.9% rise in total machinery and equipment.
• 10.6% rise in ownership transfer costs.

Public gross fixed capital formation increased 4.3%, driven by a:

• 25.2% rise in public corporations led by state and local (31.3%).
• 2.2% rise in general government driven by national (3.3%).