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STATE FINAL DEMAND

State final demand measures the total value of goods and services that are sold in a state to buyers who wish to either consume them or retain them in the form of capital assets. It excludes sales made to buyers who use them as inputs to a production activity, export sales and sales that lead to accumulation of inventories.

Measures of state final demand make no distinction between demand that is met by goods and services produced within the state in question, by supplies sourced from another state, or from overseas. State final demand is therefore not a measure of the value of production activity occurring within a state.

Note: As of 20 November 2006, the Telstra Corporation was effectively privatised. For the purpose of ABS statistics this change from public to private sector is effective from March quarter 2007. The classification of Telstra has changed from public sector to non-financial corporation from the March quarter 2007. There is a trend break from March quarter 2007 in a number of series related to the privatisation of Telstra. As a result no trend estimates are published for these series. For more information please see Information Paper: Future Treatment of Telstra in ABS statistics (cat. no. 8102.0) released 26 February 2007.

For the June quarter 2007, the trend estimate for Victorian final demand, in volume terms, was $60,727m, an increase of 0.9% on the March quarter 2007. This was below the trend growth level for New South Wales (1.3%) and Australian trend estimate (domestic final demand), which increased by 1.6% over the same period.

Household final consumption expenditure is the single largest component of state final demand. In June quarter 2007, this component accounted for 58.4% of the trend volume estimate of state final demand and recorded an increase of 1.0% on the March quarter 2007. The other main contributors were private gross fixed capital formation (22.6% of trend state final demand) and government final consumption expenditure (16.3%).

STATE FINAL DEMAND, Chain volume measures - Change from previous quarter: Trend

STATE FINAL DEMAND(a): Seasonally Adjusted and Trend
			2006			2007
			Jun Qtr	Sep Qtr	Dec Qtr	Mar Qtr	Jun Qtr
SEASONALLY ADJUSTED ($m)
Final consumption expenditure
	General government		9 710	9 881	9 738	9 901	9 945
	Households		34 252	34 370	34 733	35 162	35 445
Gross fixed capital formation
	Private
		Machinery and equipment	4 704	4 772	4 733	5 052	4 817
		Livestock	190	144	144	144	144
		Intangible fixed assets	803	822	810	883	952
		Dwellings	3 446	3 658	3 591	3 502	3 564
		Ownership transfer costs	875	773	800	788	932
		Total private	13 053	13 523	13 024	13 526	13 928
	Public		1 613	1 694	2 109	1 456	1 646
State final demand			58 626	59 468	59 605	60 045	60 964
International trade-exports of goods			4 988	5 235	5 034	4 898	4 970
International trade-imports of goods			11 756	12 013	12 214	12 880	13 161
TREND ESTIMATES ($m)(b)
Final consumption expenditure
	General government		9 706	9 787	9 834	9 874	9 918
	Households		34 192	34 443	34 753	35 108	35 472
Gross fixed capital formation
	Private
		Machinery and equipment	4 768	4 768	4 810	np	np
		Livestock	176	157	145	142	144
		Intangible fixed assets	804	809	823	895	931
		Dwellings	3 446	3 553	3 591	3 559	3 524
		Ownership transfer costs	839	804	795	827	882
		Total private	13 160	13 196	13 273	13 572	13 728
	Public		1 661	1 762	1 897	np	np
State final demand			58 729	59 191	59 706	60 206	60 727
International trade-exports of goods			5 063	5 107	5 054	4 976	4 911
International trade-imports of goods			11 905	11 962	12 331	12 761	13 168
TREND ESTIMATES (PERCENTAGE CHANGE FROM PREVIOUS QUARTER) (%)
Final consumption expenditure
	General government		1.0	0.8	0.5	0.4	0.4
	Households		0.7	0.7	0.9	1.0	1.0
Gross fixed capital formation
	Private
		Machinery and equipment	0.8	-	0.9	np	np
		Livestock	-7.4	-10.8	-7.9	-2.3	1.6
		Intangible fixed assets	1.2	0.7	1.8	8.7	4.1
		Dwellings	1.5	3.1	1.1	-0.9	-1.0
		Ownership transfer costs	-0.8	-4.1	-1.2	4.1	6.6
		Total private	0.2	0.3	0.6	2.3	1.2
	Public		2.3	6.1	7.7	np	np
State final demand			0.7	0.8	0.9	0.8	0.9
International trade-exports of goods			2.7	0.9	-1.0	-1.6	-1.3
International trade-imports of goods			-0.7	0.5	3.1	3.5	3.2
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Reference year for chain volume measures is 2004-05.
(b) Trend estimates for aggregates are derived directly, rather than as the sum of components. As a result, the sum of the trend estimates of individual components of a particular aggregate will not sum to the overall trend estimate of the aggregate.
Source: Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0); ABS data available on request, Australian National Accounts.

STATE FINAL DEMAND(a): Original
			2006			2007
			Jun Qtr	Sep Qtr	Dec Qtr	Mar Qtr	Jun Qtr
CURRENT PRICE ($m)
Final consumption expenditure
	General government		10 372	10 502	10 574	10 782	11 080
	Households		34 938	35 725	37 767	35 490	36 961
Gross fixed capital formation
	Private
		Machinery and equipment	4 541	4 416	5 021	4 360	4 462
		Livestock	174	113	113	113	113
		Intangible fixed assets	760	775	813	801	883
		Dwellings	3 607	3 873	3 774	3 285	3 806
		Ownership transfer costs	889	918	1 016	972	1 180
		Total private	13 133	13 663	14 107	12 655	14 348
	Public		1 839	1 533	2 091	1 417	1 853
State final demand			60 282	61 423	64 539	60 343	64 243
International trade-exports of goods			5 368	5 612	5 611	4 947	5 542
International trade-imports of goods			12 112	13 005	13 054	12 250	13 013
CHAIN VOLUME MEASURES ($m)(b)
Final consumption expenditure
	General government		9 779	9 857	9 815	9 849	10 007
	Households		33 795	34 456	36 425	33 863	34 968
Gross fixed capital formation
	Private
		Machinery and equipment	4 732	4 618	5 272	4 645	4 839
		Livestock	190	144	144	144	144
		Intangible fixed assets	794	810	859	854	944
		Dwellings	3 521	3 791	3 692	3 179	3 656
		Ownership transfer costs	859	784	808	784	918
		Total private	13 142	13 546	13 937	12 489	14 032
	Public		1 841	1 536	2 101	1 413	1 856
State final demand			58 557	59 395	62 279	57 614	60 863
International trade-exports of goods			5 119	5 270	5 221	4 533	5 114
International trade-imports of goods			11 502	12 442	12 765	12 150	12 910
(a) Revisions to various series resulted from the availability of more up to date data.
(b) Reference year for chain volume measures is 2004-05.
Source: Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0); ABS data available on request, Australian National Accounts.