MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES
| | | Trend | Seasonally adjusted |
| | | % change Dec 10 to Mar 11 | % change Mar 10 to Mar 11 | % points contributions to growth in GDP Dec 10 to Mar 11 | % change Dec 10 to Mar 11 | % change Mar 10 to Mar 11 | % points contributions to growth in GDP Dec 10 to Mar 11 |
|
Final consumption expenditure | | | | | | |
| General government | 0.9 | 4.1 | 0.2 | 1.4 | 4.6 | 0.2 |
| Households | 0.6 | 3.1 | 0.3 | 0.6 | 3.4 | 0.3 |
Gross fixed capital formation | | | | | | |
| Private | | | | | | |
| | Dwellings | 1.0 | 2.5 | 0.1 | 4.6 | 6.6 | 0.3 |
| | Ownership transfer costs | -5.4 | -19.3 | -0.1 | 0.1 | -16.8 | - |
| | Non-dwelling construction | 0.9 | 8.6 | 0.1 | 1.3 | 8.7 | 0.1 |
| | Machinery and equipment | 3.9 | 2.6 | 0.2 | 6.0 | 5.7 | 0.4 |
| | Cultivated biological resources | -2.9 | 2.0 | - | -3.4 | 2.5 | - |
| | Intellectual property products | 0.4 | 1.9 | - | 1.2 | 2.1 | - |
| Public | -0.2 | -0.7 | - | -0.7 | -6.0 | - |
Changes in inventories | na | na | 0.1 | na | na | -0.5 |
Gross national expenditure | 0.9 | 3.1 | 0.9 | 0.8 | 3.1 | 0.8 |
Exports of goods and services | -2.9 | -2.3 | -0.7 | -8.7 | -3.4 | -2.1 |
Imports of goods and services | 1.9 | 8.2 | -0.5 | 1.3 | 9.0 | -0.3 |
Statistical discrepancy (E) | na | na | 0.1 | na | na | 0.4 |
Gross domestic product | -0.2 | 1.2 | -0.2 | -1.2 | 1.0 | -1.2 |
|
- nil or rounded to zero (including null cells) |
na not available |
MARCH QUARTER
Summary Comments
Final Consumption Expenditure
- Government final consumption expenditure increased 1.4% and Household final consumption expenditure increased 0.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Recreation and culture (up 1.0%) and Food (0.8%).
Gross fixed capital formation
- Gross fixed capital formation increased 2.4% in seasonally adjusted terms. Total private gross fixed capital formation increased 3.4%, reflecting a rise in Total dwellings (up 4.6%) and Total machinery and equipment (up 6.0%). Public gross fixed capital formation decreased 0.7%. This was driven by a decrease in Total public corporations investment (down 3.0%).
Changes in inventories
- Total inventories increased $916m in seasonally adjusted terms compared with an increase of $2,461m last quarter. The change in inventories detracted 0.5 percentage points from GDP growth during the quarter.
Exports and imports of goods and services
- Exports of goods and services decreased 8.7% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 10.1%, driven by Non-rural exports (down 11.9%).
- Imports of goods and services increased 1.3% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 0.8%, with capital good imports being the main driver (up 5.0%).