JUNE KEY FIGURES

		% change Mar qtr 10 to Jun qtr 10	% change Jun qtr 09 to Jun qtr 10
GDP (Chain volume measure)
	Trend	0.9	3.2
	Seasonally adjusted	1.2	3.3
Final consumption expenditure (Chain volume measure)
	Trend	1.1	3.9
	Seasonally adjusted	1.6	4.0
Gross fixed capital formation (Chain volume measure)
	Trend	1.5	8.7
	Seasonally adjusted	0.6	8.7
GDP chain price index
	Original	2.8	6.2
Terms of trade
	Seasonally adjusted	12.5	24.5
Real net national disposable income
	Trend	3.0	7.3
	Seasonally adjusted	5.1	9.5

GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted

JUNE KEY POINTS


KEY AGGREGATES

• In trend terms, GDP increased 0.9% and Non-farm GDP increased 1.0% in the June 2010 quarter. GDP per hour worked in the market sector rose 0.3% and the Terms of Trade rose 14.4%.
• In seasonally adjusted terms, GDP increased 1.2% in the June quarter. Non-farm GDP grew 1.2%. The Terms of trade rose 12.5% and Real gross domestic income rose 4.0%.

EXPENDITURE ON GDP

• In seasonally adjusted terms, the main positive contributors to expenditure on GDP were Household final consumption expenditure (0.9 percentage points) and net exports (0.4 percentage points). The largest negative contributor was the Change in inventories (-0.7 percentage points).

INDUSTRY GROSS VALUE ADDED

• In seasonally adjusted terms, Construction contributed 0.3 percentage points to GDP growth while Mining and Professional, scientific and technical services each contributed 0.1 percentage points.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
September 2010	1 December 2010
December 2010	2 March 2011
March 2011	1 June 2011
June 2011	7 September 2011

REVISIONS IN THIS ISSUE

There are quarterly revisions due to the incorporation of more up-to-date source data and changes to seasonal adjustment factors.

As part of the annual seasonal re-analysis a seasonal break was implemented in Machinery and equipment Gross fixed capital formation. This has led to significant revisions to the seasonally adjusted estimates for the March and June quarters from March quarter 2007. Further revisions have been made to Machinery and equipment Gross fixed capital formation in 2008-09 following a review of data sources.

Updated data for mining commodity export prices resulted in revisions to both the GDP Implicit Price Deflator and Gross operating surplus of Private non-financial corporations.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711, email <national.accounts@ abs.gov.au>.


SUMMARY COMMENTARY