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