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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/12/2012   
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SEPTEMBER KEY FIGURES

% change Jun qtr 12 to Sep qtr 12
% change Sep qtr 11 to Sep qtr 12

GDP (Chain volume measure)
Trend
0.6
3.4
Seasonally adjusted
0.5
3.1
Final consumption expenditure (Chain volume measure)
Trend
0.7
3.7
Seasonally adjusted
0.1
3.3
Gross fixed capital formation (Chain volume measure)
Trend
1.1
7.2
Seasonally adjusted
0.4
4.5
GDP chain price index
Original
-0.3
-2.0
Terms of trade
Seasonally adjusted
-4.0
-13.7
Real net national disposable income
Trend
0.2
1.0
Seasonally adjusted
-0.7
-0.2


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




SEPTEMBER KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.6% in the September 2012 quarter. Gross value added per hour worked in the market sector increased 0.5% and the Terms of trade fell -1.4%.
  • In seasonally adjusted terms, GDP increased by 0.5% in the September quarter. The Terms of trade fell 4.0%, and Real gross domestic income fell 0.4%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main contributors to expenditure on GDP were Total changes in inventories (0.3 percentage points), and Household final consumption expenditure (0.2 percentage points) .


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP were Mining (up 4.5%), Manufacturing (up 2.1%) and Health care and social assistance (up 1.8%). Mining contributed 0.4 percentage points, Manufacturing and Health care and social assistance both contributed 0.1 percentage points to the increase in GDP.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2012 6 March 2013
March 2013 5 June 2013
June 2013 4 September 2013
September 2013 4 December 2013



REVISIONS IN THIS ISSUE

The estimates in this issue incorporate the 2010-11 annual supply and use tables. For information on the role of supply and use tables in the national accounts and the major revisions please see the 'Analysis of Results' section in Australian System of National Accounts (ABS cat. no. 5204.0). This includes revisions to financial intermediation services indirectly measured back to 2002-03. There are also revisions to the estimates arising from the introduction of the 2010-11 benchmarks, new data and and concurrent seasonal adjustment.


EMISSIONS REDUCTION SCHEME

On 1 July 2012, the Australian Government introduced a $23 per tonne carbon price on greenhouse emissions, to be paid directly by Australia's largest greenhouse gas emitting companies, together with compensation and incentive packages.

The Australian Bureau of Statistics (ABS) released an Information Paper: Recording emissions reduction schemes in ABS statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature of emissions permits measures introduced under the Clean Energy Act 2011, and how the ABS expects to include estimates of various carbon credit schemes in economic and environment statistics, commencing with the September quarter 2012.

This issue incorporates the Emissions reduction scheme along with Renewable Energy Certificates, which are discussed in more detail in the 'Analysis of Results' section in Australian System of National Accounts (ABS cat. no. 5204.0).


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, email <national.accounts@abs.gov.au>.




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