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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend			Seasonally adjusted
			% change Mar 08 to Jun 08	% change Jun 07 to Jun 08	% points contribution to growth in GDP Mar 08 to Jun 08	% change Mar 08 to Jun 08	% change Jun 07 to Jun 08	% points contribution to growth in GDP Mar 08 to Jun 08
Final consumption expenditure
	General government		0.8	4.2	0.1	1.2	4.6	0.2
	Households		0.4	3.2	0.3	-0.1	2.9	-0.1
Gross fixed capital formation
	Private
		Dwellings	0.4	1.4	-	0.5	2.6	-
		Business investment	np	np	np	4.6	10.8	0.8
		Ownership transfer costs	-3.5	-9.9	-0.1	-4.5	-14.4	-0.1
	Public		np	np	np	2.4	7.2	0.1
Changes in inventories
	Private non-farm		. .	. .	-0.2	. .	. .	-0.5
	Farm and public authority		. .	. .	-	. .	. .	-
Gross national expenditure			0.9	4.4	0.9	0.4	4.3	0.4
Exports of goods and services			1.5	4.7	0.3	2.7	6.1	0.5
Imports of goods and services			3.0	12.8	-0.8	2.2	13.0	-0.6
Statistical discrepancy (E)			. .	. .	0.5	. .	. .	-0.1
Gross domestic product			0.5	2.7	0.5	0.3	2.7	0.3
. . not applicable
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated

• Household final consumption expenditure fell 0.1% in seasonally adjusted terms. The main negative contributors to growth in seasonally adjusted terms were Operation of vehicles (down 2.0%) and Food (down 0.8%). The main positive contributor to growth in seasonally adjusted terms was Rent and other dwelling services (up 0.8%).

• Private business investment grew 4.6% in seasonally adjusted terms. This increase was due to investment in New machinery and equipment (up 10.1%), offset by a fall in New engineering construction (down 5.4%). Dwelling investment showed a moderate increase of 0.5% this quarter. This was due to an increase in New and used dwellings (up 1.6%), offset by a decrease in Alterations and additions (down 0.8%).

• Total inventories rose by $684m in trend terms, following a rise of $1,148m in the March quarter. Seasonally adjusted, total inventories rose by $210m following a $1636m rise in the previous quarter. Changes in inventories detracted 0.5 percentage points from seasonally adjusted GDP growth during the quarter.

• In trend terms, Exports of goods and services rose 1.5%, while in seasonally adjusted terms, it rose 2.7%. Seasonally adjusted Exports of goods rose 2.5%, driven by a rise in Coal (up 11.9%) and offset by a fall in Mineral ores (down 3.2%).
• Imports of goods and services increased 3.0% in trend terms and 2.2% in seasonally adjusted terms. Imports of goods increased 2.0%, with growth in Consumption goods (up 2.7%) and Intermediate goods (up 2.0%). Imports of services rose 3.1%, driven by growth in Travel (up 3.7%).