5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 16/12/2009   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Jun 09 to Sep 09
% change Sep 08 to Sep 09
% points contributions to growth in GDP Jun 09 to Sep 09
% change Jun 09 to Sep 09
% change Sep 08 to Sep 09
% points contributions to growth in GDP Jun 09 to Sep 09

Final consumption expenditure
General government
0.7
2.2
0.1
0.7
2.1
0.1
Households
0.6
1.8
0.3
0.7
1.8
0.4
Gross fixed capital formation
Private
Dwellings
-0.8
-8.8
-
5.9
-6.7
0.3
Ownership transfer costs
6.2
17.0
0.1
1.2
17.7
-
Non-dwelling construction
-2.1
-2.1
-0.1
-4.3
-4.0
-0.3
Machinery and equipment
-1.9
-11.1
-0.1
-4.1
-12.7
-0.3
Cultivated biological resources
6.5
8.6
-
14.1
4.3
-
Intellectual property products
1.0
5.4
-
1.0
6.3
-
Public
2.2
0.3
0.1
6.2
1.0
0.3
Changes in inventories
na
na
0.4
na
na
0.8
Gross national expenditure
0.9
-0.3
0.9
1.3
-0.7
1.4
Exports of goods and services
-0.1
0.7
-
-2.3
-0.2
-0.5
Imports of goods and services
1.5
-9.4
-0.3
5.8
-8.3
-1.1
Statistical discrepancy (E)
na
na
0.5
na
na
0.4
Gross domestic product
0.5
1.0
0.5
0.2
0.6
0.2

- nil or rounded to zero (including null cells)
na not available



SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Government final consumption expenditure increased 0.7% and Household final consumption expenditure increased 0.7% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Food (up 1.1%) and Insurance and other financial services (up 1.9%).

Gross fixed capital formation
  • Gross fixed capital formation increased 0.4% in seasonally adjusted terms. Total private gross fixed capital formation decreased 0.9%, largely reflecting a decrease in Non-dwelling construction investment (down 4.3%) and a decrease in Machinery and equipment investment (down 4.1%). These were offset by an increase in Dwelling investment, up 5.9%. Public gross fixed capital formation rose 6.2%, driven by General government, State and local investment (up 8.1%).

Changes in inventories
  • Total inventories rose by $253m in seasonally adjusted terms compared with a fall of $2,093m last quarter. The change in inventories has contributed 0.8 percentage points to GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services fell 2.3% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 3.6%, with Rural and Non-rural exports falling 9.5% and 2.1% respectively.
  • Imports of goods and services rose 5.8% in seasonally adjusted terms. Seasonally adjusted Imports of services rose 8.9%, while Imports of goods rose 5.0%.