MARCH KEY FIGURES

		% change Dec qtr 11 to Mar qtr 12	% change Mar qtr 11 to Mar qtr 12
GDP (Chain volume measure)
	Trend	0.9	3.6
	Seasonally adjusted	1.3	4.3
Final consumption expenditure (Chain volume measure)
	Trend	0.9	3.1
	Seasonally adjusted	1.4	3.5
Gross fixed capital formation (Chain volume measure)
	Trend	2.0	9.6
	Seasonally adjusted	2.9	9.0
GDP chain price index
	Original	-1.2	-0.4
Terms of trade
	Seasonally adjusted	-4.3	-4.1
Real net national disposable income
	Trend	-0.2	3.5
	Seasonally adjusted	-	4.0
- nil or rounded to zero (including null cells)

GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted

MARCH KEY POINTS


KEY AGGREGATES

• In trend terms, GDP increased 0.9% and Non-farm GDP increased 0.8% in the March 2012 quarter. Gross value added per hour worked in the market sector increased 1.2% and the Terms of trade fell 3.1%.
• In seasonally adjusted terms, GDP increased by 1.3% and Non-farm GDP increased by 1.2% in the March quarter. The Terms of trade fell 4.3%, however, Real gross domestic income grew 0.2%.

EXPENDITURE ON GDP

• In seasonally adjusted terms, the main contributors to expenditure on GDP were Household final consumption expenditure (0.9 percentage points) and Private gross fixed capital formation (0.8 percentage points), with Net exports detracting 0.5 percentage points.

INDUSTRY GROSS VALUE ADDED

• In seasonally adjusted terms, the main industry contributors to GDP were Mining (up 2.3%), Financial and insurance services (up 1.7%) and Professional, scientific and technical services (up 2.8%), each contributing 0.2 percentage points to the increase in GDP.

NOTES

FORTHCOMING ISSUES

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

FORTHCOMING NATIONAL ACCOUNTS RELEASES

An updated Australian System of National Accounts: Concepts, Sources and Methods (cat. no. 5216.0) will be released on 2 July 2012.


REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment. Specifically seasonal re-analysis of the Rent on Natural Assets and Taxes on Resident corporations has been incorporated in this issue.

An improvement to the seasonal adjustment methodology of the current price value of coal, coke and briquettes exports has been introduced from September quarter 2005 onwards. Previously coal, coke and briquettes exports had only a length of quarter adjustment applied, from September quarter 2005, this component is independently seasonally adjusted.

Gross value added estimates for Metal Products Manufacturing for the September quarter 2011 have been revised as a result of updated information received from survey respondents.


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>.