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DECEMBER KEY FIGURES

		Sep Qtr 2014 to Dec Qtr 2014	Dec Qtr 2013 to Dec Qtr 2014
		% change	% change
GDP (Chain volume measure)
	Trend	0.4	2.3
	Seasonally adjusted	0.5	2.5
Final consumption expenditure (Chain volume measure)
	Trend	0.7	2.5
	Seasonally adjusted	0.8	2.6
Gross fixed capital formation (Chain volume measure)
	Trend	-1.7	-3.6
	Seasonally adjusted	0.3	-2.8
GDP chain price index
	Original	-0.2	-0.7
Terms of trade
	Seasonally adjusted	-1.7	-10.8
Real net national disposable income
	Trend	-0.1	0.2
	Seasonally adjusted	0.4	0.5

GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted

• In trend terms, GDP increased 0.4% in the December quarter 2014. Gross value added per hour worked in the market sector grew 0.1% and the Terms of trade fell 1.9%.
• In seasonally adjusted terms, GDP increased by 0.5% in the December quarter. The Terms of trade decreased 1.7%, and Real gross domestic income increased 0.2%.

• In seasonally adjusted terms, the main contributors to the increase in expenditure on GDP were Net exports (0.7 percentage points) and Final consumption expenditure (0.6 percentage points). The main detractor was Changes in inventories (-0.6 percentage points).

• In seasonally adjusted terms, the main contributors to GDP growth were Construction and Health care and social assistance each contributing 0.1 percentage points to the increase in GDP. The main detractor to growth in GDP was Professional, scientific and technical services (-0.1 percentage points).