5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2009  
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MEDIA RELEASE
December 16,2009
102/2009
Australian economy continues to grow

Latest ABS figures show that GDP, in seasonally adjusted volume terms, grew 0.2% in the September quarter 2009, after growing 0.6% in the June quarter.

The growth was driven by a 0.7% increase in household expenditure and a 6.2% increase in public investment, offset by a 0.9% fall in private investment, and a strong fall in net exports. The fall in net exports was due to a 2.3% fall in exports and a 5.8% rise in imports.

The industries that provided the main contribution to growth in the September quarter were rental, hiring and real estate services with a 9.9% increase in seasonally adjusted volume terms and construction with a 2.2% increase in seasonally adjusted volume terms.

Further details can be found in Australian National Accounts: National Income, expenditure and Product (cat. no. 5206.0) available for free download on the ABS website at www.abs.gov.au

Media Note:
When reporting ABS data the Australian Bureau of Statistics (or ABS) must be attributed as the source.

Revised international standards and an updated industry classification are included in this issue of Australian National Accounts: National Income, expenditure and Product.