5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/03/2018   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MAIN FEATURES PRODUCTION CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change
Sep 17
to Dec 17
% change
Dec 16
to Dec 17
% points
contributions
to growth
in GDP
Sep 17
to Dec 17
% change
Sep 17
to Dec 17
% change
Dec 16
to Dec 17
% points
contributions
to growth
in GDP
Sep 17
to Dec 17

Agriculture, forestry and fishing
-3.9
-8.4
-0.1
-2.7
-8.8
-0.1
Mining
0.1
1.1
-
1.3
1.0
0.1
Manufacturing
0.7
3.4
-
-1.0
2.5
-0.1
Electricity, gas, water and waste services
0.1
1.4
-
-0.8
1.3
-
Construction
0.8
4.4
0.1
0.3
4.9
-
Wholesale trade
-0.3
-0.4
-
-0.2
-0.4
-
Retail trade
0.4
2.7
-
0.3
2.5
-
Accommodation and food services
1.2
5.6
-
1.0
6.7
-
Transport, postal and warehousing
-0.4
0.1
-
-0.8
0.3
-
Information media and telecommunications
1.1
3.7
-
2.9
4.2
0.1
Financial and insurance services
0.7
4.5
0.1
0.1
4.1
-
Rental, hiring and real estate services
-
1.4
-
2.5
2.5
0.1
Professional, scientific and technical services
0.7
4.3
-
0.3
3.7
-
Administrative and support services
0.3
3.0
-
-0.6
3.8
-
Public administration and safety
0.5
1.4
-
1.2
1.3
0.1
Education and training
0.5
2.1
-
0.5
2.1
-
Health care and social assistance
1.7
6.0
0.1
1.9
6.4
0.1
Arts and recreation services
1.2
2.3
-
2.2
2.8
-
Other services
1.8
1.3
-
1.9
-0.6
-
Ownership of dwellings
0.6
2.3
-
0.6
2.3
0.1
Taxes less subsidies on products
1.3
5.3
0.1
-0.4
4.6
-
Statistical discrepancy (P)
na
na
-
na
na
-
Gross domestic product
0.6
2.6
0.6
0.4
2.4
0.4

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

DECEMBER QUARTER

Summary Comments

Overview
  • All estimates are in seasonally adjusted chain volume terms unless otherwise stated.

Agriculture, Forestry and Fishing
  • Agriculture, Forestry and Fishing fell 2.7% driven by falls in livestock, grains and other crops outpacing the falls in intermediate inputs. This was the third consecutive quarterly fall for the industry.

Mining
  • Mining rose 1.3% driven by Iron Ore Mining (5.5%) and Coal Mining (0.7%). Partially offsetting the rise was Oil and Gas Extraction (-1.8%), which experienced its second consecutive fall.

Manufacturing
  • Manufacturing fell 1.0% with mixed results across the five sub-categories. Machinery and Equipment Manufacturing (-7.3%), Food, Beverage and Tobacco Products (-0.9%) and Other Manufacturing (-1.3%) all experienced falls. The negative result was partially offset by a rise in Petroleum, Coal, Chemical and Rubber Products (4.2%). The heavy decline in Machinery and Equipment Manufacturing aligned with the decline in transport equipment exports (-22.2%).

Electricity, Gas, Water and Waste Services
  • The fall of 0.8% was driven by all three subdivisons, Water Supply and Waste Services (-1.5%), Electricity Supply (-0.2%) and Gas Supply (-1.1%). The negative result aligns with the 3.1% decrease in household final consumption expenditure for electricity, gas and other fuel.

Construction
  • The Construction industry grew 0.3% driven by rises in Building Construction (0.9%), Heavy and Civil Engineering Construction (0.2%) and Construction Services (0.1%). Through the year Construction rose 4.9%, consistent with the strength in non-residential construction and public investment.

Information, Media and Telecommunications
  • The Information, Media and Telecommunications industry experienced a 2.9% rise this quarter. This result was driven by Telecommunications Services (3.5%) and Other Information and Media Services (2.2%).

Financial and Insurance Services
  • The Financial and Insurance Services industry experienced its weakest quarter since June quarter 2014, rising 0.1%. The result was driven by a flat result in Finance and a 0.2% increase in Other Financial and Insurance Services. Weak deposit growth and flat margins contributed to the modest result for Finance.

Health Care and Social Assistance
  • The Health Care and Social Assistance industry rose 1.9% driven by rises in both private and public health. Through the year Health Care and Social Assistance has grown 6.4%.