5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/12/2016   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Jun 16 to Sep 16
% change Sep 15 to Sep 16
% points contributions to growth in GDP Jun 16 to Sep 16
% change Jun 16 to Sep 16
% change Sep 15 to Sep 16
% points contributions to growth in GDP Jun 16 to Sep 16

Final consumption expenditure
General government
0.8
4.1
0.1
-0.2
3.9
-
Households
0.5
2.6
0.3
0.4
2.5
0.3
Gross fixed capital formation
Private
Dwellings
1.1
9.1
0.1
-1.4
7.2
-0.1
Ownership transfer costs
-2.4
-8.4
-
-4.9
-7.6
-0.1
Non-dwelling construction
-6.5
-23.0
-0.4
-1.3
-23.5
-0.1
Machinery and equipment
1.0
3.2
-
0.5
5.7
-
Cultivated biological resources
9.1
29.9
-
7.6
29.7
-
Intellectual property products
1.2
3.1
-
2.0
3.7
-
Public
1.5
10.2
0.1
-10.4
10.7
-0.5
Changes in inventories
na
na
na
na
na
0.1
Gross national expenditure
0.3
1.7
0.3
-0.3
1.8
-0.3
Exports of goods and services
1.2
7.3
0.2
0.3
6.0
0.1
Imports of goods and services
1.2
1.1
-0.2
1.3
2.3
-0.3
Statistical discrepancy (E)
na
na
-0.1
na
na
0.1
Gross domestic product
0.2
2.2
0.2
-0.5
1.8
-0.5

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



SEPTEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Household final consumption expenditure increased 0.4% in seasonally adjusted terms. This was driven by a rise in Hotels, cafes and restaurants (2.2%) and Insurance and other financial services (1.3%). Government final consumption expenditure decreased 0.2% in seasonally adjusted terms.

Gross fixed capital formation
  • Gross fixed capital formation decreased 2.7% in seasonally adjusted terms. Public investment decreased 10.4% during the quarter partly due to transfers of assets from the private sector last quarter. State and local general government (-13.0%) and Total national general government (-16.8%) drove the decline. Private investment decreased 0.8% and was driven by a decrease in Dwellings (-1.4%), Ownership transfer costs (-4.9%) and Non-dwelling construction (-1.3%). Total gross fixed capital formation detracted 0.7 percentage points from GDP during the quarter.

Changes in inventories
  • Total inventories increased $1,053m in seasonally adjusted terms following an increase of $435m last quarter. The change in inventories contributed 0.1 percentage points to GDP during the quarter. This increase was driven by rises in Wholesale trade and Retail trade inventories.

Exports and imports of goods and services
  • Exports of goods and services increased 0.3% in seasonally adjusted terms. Seasonally adjusted Exports of goods fell 0.3%, with Non-rural exports down 1.2%. Non-monetary gold up 7.4% and Rural exports up 1.0%. Exports of services rose 2.4%.
  • Imports of goods and services rose 1.3% in seasonally adjusted terms. Seasonally adjusted Imports of goods rose 0.8% with rises in Capital goods (3.5%), Intermediate goods (1.7%) and Non-monetary gold (22.5%). Consumption goods fell (-3.3%). Imports of Services were up 3.3%.