JUNE KEY FIGURES

		Mar Qtr 2017 to Jun Qtr 2017	Jun Qtr 2016 to Jun Qtr 2017
		% change	% change
GDP (Chain volume measure)
	Trend	0.7	2.1
	Seasonally adjusted	0.8	1.8
Final consumption expenditure (Chain volume measure)
	Trend	0.7	2.7
	Seasonally adjusted	0.8	2.6
Gross fixed capital formation (Chain volume measure)
	Trend	1.4	2.7
	Seasonally adjusted	1.5	1.8
GDP chain price index
	Original	-1.1	4.7
Terms of trade
	Seasonally adjusted	-6.0	14.9
Real net national disposable income
	Trend	0.6	5.1
	Seasonally adjusted	-1.0	4.0

GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted

JUNE KEY POINTS


GDP SUMMARY

• The Australian economy grew by 0.8% in seasonally adjusted chain volume terms in the June quarter.
• Household final consumption expenditure increased 0.7% and government final consumption expenditure increased 1.2%.
• Exports of goods and services rose 2.7% for the quarter.
• Compensation of employees increased 0.7%.
• The terms of trade fell 6.0% in the quarter.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
September 2017	6 December 2017
December 2017	7 March 2018
March 2018	6 June 2018
June 2018	5 September 2018

REVISIONS IN THIS ISSUE

The June quarter 2017 national accounts are affected by revisions published in the June quarter release of International Trade Price Indexes, Australia (cat. no. 6457.0). These revisions relate to coal exports, and are applied back to the September quarter 2016. These price indexes form the basis of price deflators that are used to derive chain volume measures for exports and imports in this publication and the Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).

There are also revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.


UPCOMING CHANGES

From the September quarter 2017 onwards, there will be changes to the published levels of gross value added (GVA) by industry and an additional table containing quarterly estimates of components of GVA by industry in current price terms. Details of the new industry breakdowns and the affected tables are included in the Information Paper: Changes to selected series in the annual and quarterly Australian National Accounts (cat. no. 5204.0.55.013).


PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts by email <national.accounts@abs.gov.au>.