5206.0 - Australian National Accounts: National Income, Expenditure and Product, Jun 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2014   
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MEDIA RELEASE
129/2014
3 September 2014
Embargo: 11.30 am (Canberra time)
Australian economy grows 0.5 per cent

Latest Australian Bureau of Statistics (ABS) figures show that GDP, in seasonally adjusted chain volume terms, grew 0.5 per cent in the June quarter 2014.

Private gross fixed capital formation and Final consumption expenditure contributed 0.3 percentage points each to GDP growth. Changes in inventories contributed 0.9 percentage points to GDP growth. This was offset by a -0.9 percentage point contribution to growth from Net exports.

The June quarter saw the Terms of trade decrease -4.1 per cent.

Further details can be found in Australian National Accounts: National Income, Expenditure and Product, (cat no. 5206.0)

Media Note:
When reporting ABS data, the Australian Bureau of Statistics (or ABS) must be attributed as the source.
Media requests and interviews - contact the ABS Communications Section on 1300 175 070