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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

			Trend			Seasonally adjusted
			% change Sep 12 to Dec 12	% change Dec 11 to Dec 12	% points contributions to growth in GDP Sep 12 to Dec 12	% change Sep 12 to Dec 12	% change Dec 11 to Dec 12	% points contributions to growth in GDP Sep 12 to Dec 12
Final consumption expenditure
	General government		-0.3	1.6	-0.1	-0.2	1.6	-
	Households		0.3	2.5	0.1	0.2	2.8	0.1
Gross fixed capital formation
	Private
		Dwellings	0.9	-1.7	-	2.1	-0.7	0.1
		Ownership transfer costs	-	-1.2	-	1.3	-0.3	-
		Non-dwelling construction	-2.7	14.8	-0.3	-8.9	16.3	-0.8
		Machinery and equipment	0.5	1.0	-	-3.3	-0.7	-0.2
		Cultivated biological resources	0.3	1.6	-	-9.0	-0.6	-
		Intellectual property products	2.4	7.4	0.1	2.5	6.6	0.1
	Public		4.6	1.5	0.2	24.6	6.6	1.1
Changes in inventories			-	-	-0.1	na	na	-0.4
Gross national expenditure			0.2	2.9	0.2	-0.1	3.1	-0.1
Exports of goods and services			2.0	6.0	0.4	3.3	6.2	0.7
Imports of goods and services			0.4	2.8	-0.1	0.7	3.2	-0.1
Statistical discrepancy (E)			na	na	-	na	na	0.1
Gross domestic product			0.6	2.9	0.6	0.6	3.1	0.6
- nil or rounded to zero (including null cells)
na not available

• Household final consumption expenditure increased 0.2% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Purchase of Vehicles (0.2 percentage points) and Food (0.2 percentage points). The main detractor was Hotels, cafes and restaurants (-0.2 percentage points). Government final consumption expenditure decreased 0.2% in seasonally adjusted terms.

• Gross fixed capital formation increased 0.8% in seasonally adjusted terms. Total private gross fixed capital formation fell 3.7%, reflecting a fall in Total non-dwelling construction (down 8.9%). The fall in total non-dwelling construction was due to the sale of a second hand asset to the public sector. This sale is reflected in the rise in Total Public gross fixed capital formation (up 24.6%).

• Total inventories increased $532m in seasonally adjusted terms compared with an increase of $2 173m last quarter.

• Exports of goods and services increased 3.3% in seasonally adjusted terms. Seasonally adjusted Exports of goods increased 3.9%, with Rural exports up 0.1%, and Non-rural exports up 4.9%.
• Imports of goods and services increased 0.7% in seasonally adjusted terms. Seasonally adjusted Imports of goods increased 0.9%, with Capital goods imports up 4.2% and Consumption goods up 3.1%.