5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2018   
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MAIN FEATURES INCOME AT CURRENT PRICES



Trend
Seasonally adjusted


% Change
% Change
% points contribution to
% Change
% Change
% points contribution to
Mar 18 to
Jun 17 to
growth in GDP
Mar 18 to
Jun 17 to
growth in GDP
Jun 18
Jun 18
Mar 18 to Jun 18
Jun 18
Jun 18
Mar 18 to Jun 18

Compensation of employees
0.9
4.9
0.4
0.7
4.8
0.3
Gross operating surplus
Private non-financial corporations
2.7
8.8
0.5
0.7
9.7
0.1
Other(a)
1.3
4.9
0.2
1.0
4.7
0.2
Gross mixed income
2.3
2.8
0.2
3.2
4.2
0.3
Taxes less subsidies on production and imports
2.4
6.9
0.2
2.1
6.2
0.2
Statistical discrepancy (I)
na
na
-0.1
na
na
-0.1
Gross domestic product
1.6
5.1
1.6
1.0
5.5
1.0

na not available
(a) Includes Public non-financial corporations Financial corporations General government and Dwellings owned by persons.


JUNE QUARTER

Summary Comments

Gross operating surplus (GOS)
  • Total GOS increased in the June quarter 2018, recording growth of 0.8%. GOS increased for all sectors, with private non-financial corporations as the main contributor to growth, increasing 0.7%.
  • Through the year GOS for all industries increased 7.2%. Similar to the previous year, Mining was the main contributor to this growth, driven by both higher production and continued strength in commodity prices.

Compensation of employees (COE)
  • Seasonally adjusted COE increased 0.7% in the June quarter 2018 with average compensation per employee increasing 0.1%. This indicates growth in employees is outgrowing wage rates.
  • Private sector COE grew 0.7%, while public sector COE increased 0.8%.
  • In June quarter 2018, all states recorded growth in COE except for South Australia. New South Wales and Victoria were main contributors to June quarter 2018 growth, increasing 1.0% and 0.7% respectively.

STATE COMPENSATION OF EMPLOYEES, Current Prices: Seasonally Adjusted
Graph shows STATE COMPENSATION OF EMPLOYEES, Current Prices: Seasonally Adjusted