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DECEMBER KEY FIGURES

		% change Sep qtr 11 to Dec qtr 11	% change Dec qtr 10 to Dec qtr 11
GDP (Chain volume measure)
	Trend	0.8	2.8
	Seasonally adjusted	0.4	2.3
Final consumption expenditure (Chain volume measure)
	Trend	0.6	2.9
	Seasonally adjusted	0.7	3.0
Gross fixed capital formation (Chain volume measure)
	Trend	1.9	8.9
	Seasonally adjusted	-1.1	8.2
GDP chain price index
	Original	-0.9	3.2
Terms of trade
	Seasonally adjusted	-4.7	7.0
Real net national disposable income
	Trend	1.1	5.9
	Seasonally adjusted	-0.9	4.9

GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted

• In trend terms, GDP and Non-farm GDP both increased 0.8% in the December 2011 quarter. Gross value added per hour worked in the market sector increased 0.8% and the Terms of trade rose 0.5%.
• In seasonally adjusted terms, GDP and Non-farm GDP both increased by 0.4% in the December quarter. The Terms of trade fell 4.7% and Real gross domestic income fell 0.6%.

• In seasonally adjusted terms, the main contributors to expenditure on GDP were Household final consumption expenditure (0.3 percentage points), Inventories (0.3 percentage points) and Net exports (0.3 percentage points) with Private gross fixed capital formation detracting 0.4 percentage points.

• In seasonally adjusted terms, the main contributors to GDP were Financial and insurance services (up 1.4%) and Manufacturing (up 1.2%). Both industries contributed 0.1 percentage points to the increase in GDP.