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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/06/2013   
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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
Graph: GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted
Graph: 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Previous unpublished data for New building and Net purchases of second hand assets relating to the sale of the Wonthaggi desalination plant is now available in this release.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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