MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES
| | | Trend | Seasonally adjusted | |
| | |
|
| |
| | | % change
Dec 07
to Mar 08 | % change
Mar 07
to Mar 08 | % points contribution
to growth in GDP
Dec 07 to Mar 08 | % change
Dec 07
to Mar 08 | % change
Mar 07
to Mar 08 | % points contribution
to growth in GDP
Dec 07 to Mar 08 | |
| |
Final consumption expenditure | | | | | | | |
| General government | 1.0 | 3.9 | 0.2 | 0.4 | 3.5 | 0.1 | |
| Households | 1.1 | 4.6 | 0.6 | 0.7 | 4.3 | 0.4 | |
Gross fixed capital formation | | | | | | | |
| Private | | | | | | | |
| | Dwellings | - | -0.2 | - | - | -0.7 | - | |
| | Business investment | np | np | np | 1.5 | 6.9 | 0.2 | |
| | Ownership transfer costs | -3.6 | -1.2 | -0.1 | -3.4 | -0.9 | -0.1 | |
| Public | np | np | np | 5.9 | 19.9 | 0.3 | |
Changes in inventories | | | | | | | |
| Private non-farm | . . | . . | - | . . | . . | - | |
| Farm and public authority | . . | . . | - | . . | . . | - | |
Gross national expenditure | 1.0 | 4.9 | 1.0 | 0.9 | 4.7 | 0.9 | |
Exports of goods and services | 0.2 | 2.6 | - | 0.5 | 2.7 | 0.1 | |
Imports of goods and services | 3.0 | 11.4 | -0.7 | 3.5 | 11.5 | -0.8 | |
Statistical discrepancy (E) | . . | . . | 0.4 | . . | . . | 0.5 | |
Gross domestic product | 0.7 | 3.7 | 0.7 | 0.6 | 3.6 | 0.6 | |
| |
. . not applicable |
- nil or rounded to zero (including null cells) |
np not available for publication but included in totals where applicable, unless otherwise indicated |
MARCH QUARTER
Summary Comments
Final Consumption Expenditure
- Household final consumption expenditure grew by 1.1% in trend terms (0.7% seasonally adjusted). The main contributors to growth were Other goods and services, Rent and Furnishings and household equipment.
Gross fixed capital formation
- Private business investment grew 1.5% in seasonally adjusted terms. This increase was due to investment in New engineering construction (up 8.5%), and Total intangible fixed assets (up 4.0%), partially offset by the fall in New machinery and equipment (down 1.4%). Dwelling investment showed a flat result this quarter. This was due to an increase in New and used dwellings (up 0.5%), offset by the decrease in Alterations and additions (down 0.5%).
Changes in inventories
- Total inventories rose by $1,649m in trend terms, following a rise of $1,596m in the December quarter. Seasonally adjusted, total inventories rose by $1,510m following a $1,551m rise in the previous quarter. Changes in inventories contributed 0.0 percentage points to seasonally adjusted GDP growth during the quarter.
Exports and imports of goods and services
- In trend terms, Exports of goods and services rose 0.2% while in seasonally adjusted terms, it rose 0.5%. Seasonally adjusted Exports of goods rose 0.9%, driven by rises in Mineral ores (up 7.2%) and Cereal grain and cereal preps (up 39.4%), offsetting falls in Coal (down 7.7%) and Meat (down 8.4%). Exports of services fell 1.0%.
- Imports of goods and services increased 3.0% in trend terms and 3.5% in seasonally adjusted terms. Imports of goods, seasonally adjusted, increased 4.2%, with growth in Consumption goods (up 3.3%), Capital goods (up 8.5%), Intermediate goods (up 2.2%), and Other goods (up 6.5%). Imports of services rose 0.4%, driven by growth in Travel (up 0.2%) and Other services (up 2.3%).