MARCH KEY FIGURES
 | | % change Dec qtr 12 to Mar qtr 13 | % change Mar qtr 12 to Mar qtr 13 |
|
| GDP (Chain volume measure) | | |
| Trend | 0.6 | 2.6 |
| Seasonally adjusted | 0.6 | 2.5 |
| Final consumption expenditure (Chain volume measure) | | |
| Trend | 0.3 | 1.6 |
| Seasonally adjusted | 0.6 | 1.7 |
| Gross fixed capital formation (Chain volume measure) | | |
| Trend | -0.9 | 0.9 |
| Seasonally adjusted | -2.3 | -0.2 |
| GDP chain price index | | |
| Original | 1.0 | 0.3 |
| Terms of trade | | |
| Seasonally adjusted | 2.7 | -6.2 |
| Real net national disposable income | | |
| Trend | 0.2 | 0.1 |
| Seasonally adjusted | 1.3 | 1.1 |
|
GDP growth rates, Volume measures, quarterly change
| Contributions to GDP growth, Seasonally adjusted
|
MARCH KEY POINTS
KEY AGGREGATES
- In trend terms, GDP increased 0.6% in the March 2013 quarter. Gross value added per hour worked in the market sector increased 0.7% and the Terms of trade fell 1.1%.
- In seasonally adjusted terms, GDP increased by 0.6% in the March quarter. The Terms of trade rose 2.7%, and Real gross domestic income rose 1.1%.
EXPENDITURE ON GDP
- In seasonally adjusted terms, the contributors to expenditure on GDP were Net exports (1.0 percentage points) and Final consumption expenditure (0.4 percentage points). The detractors were Total gross fixed capital formation (–0.7 percentage points) and Changes in inventories (–0.4 percentage points).
INDUSTRY GROSS VALUE ADDED
- In seasonally adjusted terms, the main contributors to GDP were Agriculture, forestry and fishing (up 2.6%),Transport, postal and warehousing (up 2.4%), Financial and insurance services (up 2.2%), Retail trade (up 2.1%) and Mining (up 1.5%). Financial and insurance services contributed 0.2 percentage points to the increase in GDP while the other main contributors each contributed 0.1 percentage points.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| June 2013 | 4 September 2013 |
| September 2013 | 4 December 2013 |
| December 2013 | 5 March 2014 |
| March 2014 | 4 June 2014 |
REVISIONS IN THIS ISSUE
There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.
Previous unpublished data for New building and Net purchases of second hand assets relating to the sale of the Wonthaggi desalination plant is now available in this release.
HOURS WORKED
Users should note that in the compilation of the quarterly Industry hours worked series the National Accounts use March quarter Labour Force Survey data to be released on 20 June 2013 in
Labour Force, Australia, Detailed, Quarterly, May 2013 (cat. no. 6291.0.55.003).
FEATURE ARTICLE
The electronic issue of this publication includes a feature article entitled 'Recent trends in real income growth' in
Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0).
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711.
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