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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend			Seasonally adjusted
			% change Dec 16 to Mar 17	% change Mar 16 to Mar 17	% points contributions to growth in GDP Dec 16 to Mar 17	% change Dec 16 to Mar 17	% change Mar 16 to Mar 17	% points contributions to growth in GDP Dec 16 to Mar 17
Final consumption expenditure
	General government		0.1	2.1	-	1.0	2.9	0.2
	Households		0.7	2.4	0.4	0.5	2.3	0.3
Gross fixed capital formation
	Private
		Dwellings	-1.3	-0.5	-0.1	-4.4	-2.5	-0.3
		Ownership transfer costs	2.8	2.7	-	5.6	3.5	0.1
		Non-dwelling construction	0.1	-10.9	-	4.4	-12.8	0.2
		Machinery and equipment	-1.4	-1.2	-0.1	-3.0	-1.8	-0.1
		Cultivated biological resources	4.8	36.3	-	4.7	37.2	-
		Intellectual property products	1.7	6.2	-	1.9	6.1	-
	Public		1.7	8.5	0.1	-2.7	15.3	-0.1
Changes in inventories			na	na	na	na	na	0.4
Gross national expenditure			0.5	1.9	0.5	0.8	2.4	0.8
Exports of goods and services			0.9	6.8	0.2	-1.6	5.6	-0.4
Imports of goods and services			1.4	5.9	-0.3	1.6	7.9	-0.3
Statistical discrepancy (E)			na	na	-	na	na	0.2
Gross domestic product			0.4	1.7	0.4	0.3	1.7	0.3
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.5% in seasonally adjusted terms. This was driven by rises in rent and other dwelling services (0.5%), electricity, gas and other fuel (2.9%), operation of vehicles (1.3%) and insurance and other financial services (0.7%). Government final consumption expenditure increased 1.0% in seasonally adjusted terms.

• Gross fixed capital formation decreased 0.6% in seasonally adjusted terms. Public investment decreased 2.7% during the quarter driven by state and local public corporations (-22.5%) and Commonwealth public corporations (-17.0%). Private investment was flat (0.0%) with total dwellings (-4.4%) offsetting the rise in total non-dwelling construction (4.4%). Total gross fixed capital formation detracted 0.1 percentage points from GDP growth during the quarter.

• Total inventories increased $2,069m in seasonally adjusted terms following an increase of $208m last quarter. This increase was driven by rises in Mining, Wholesale Trade and Retail Trade inventories. A run down in Manufacturing inventories of $394m partially offset the rise. This is the largest rise in Mining inventories since March quarter 2012. The change in inventories contributed 0.4 percentage points to GDP growth during the quarter.

• Exports of goods and services decreased 1.6% in seasonally adjusted terms. Seasonally adjusted exports of goods fell 2.6%, with non-rural exports down 4.1%, non-monetary gold down 10.2% and rural exports up 8.0%. Exports of services rose 2.5%.
• Imports of goods and services rose 1.6% in seasonally adjusted terms. Seasonally adjusted imports of goods rose 1.8% driven by a rise in consumption goods (3.4%). Imports of services were up 0.9%.