5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2012 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2012
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Australian economy grows 0.6%
Latest ABS figures show that GDP, in seasonally adjusted volume terms, grew 0.6% in the June quarter 2012, after a revised increase of 1.4% in the March quarter.
Growth for the quarter was driven by a 0.6% contribution from final consumption expenditure and a 0.3% contribution from net exports. Theses increases were partially offset by a -0.3% contribution from changes in inventories and a -0.1% contribution from dwelling investment.
The industries that drove growth in the March quarter were Wholesale trade, Transport and Professional and scientific and technical services, each contributing 0.1% to growth in GDP.The June quarter saw the Terms of trade fall 0.6%.
Further details can be found in Australian National Accounts: National Income, expenditure and Product (cat.no.5206.0).
When reporting ABS data, the Australian Bureau of Statistics (or ABS) must be attributed as the source.
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