JUNE KEY FIGURES
 | | Mar Qtr 2014 to Jun Qtr 2014 | Jun Qtr 2013 to Jun Qtr 2014 |
| | % change | % change |
|
| GDP (Chain volume measure) | | |
| Trend | 0.7 | 3.2 |
| Seasonally adjusted | 0.5 | 3.1 |
| Final consumption expenditure (Chain volume measure) | | |
| Trend | 0.5 | 2.2 |
| Seasonally adjusted | 0.5 | 2.2 |
| Gross fixed capital formation (Chain volume measure) | | |
| Trend | 0.8 | -1.7 |
| Seasonally adjusted | 0.3 | -0.9 |
| GDP chain price index | | |
| Original | -0.5 | 0.5 |
| Terms of trade | | |
| Seasonally adjusted | -4.1 | -7.9 |
| Real net national disposable income | | |
| Trend | 0.4 | 1.6 |
| Seasonally adjusted | -0.2 | 1.0 |
|
GDP growth rates, Volume measures, quarterly change
| Contributions to GDP growth, Seasonally adjusted
|
JUNE KEY POINTS
KEY AGGREGATES
- In trend terms, GDP increased 0.7% in the June quarter 2014. Gross value added per hour worked in the market sector rose 0.9% and the Terms of trade fell 1.6%.
- In seasonally adjusted terms, GDP increased by 0.5% in the June quarter. The Terms of trade decreased 4.1%, and Real gross domestic income decreased 0.3%.
EXPENDITURE ON GDP
- In seasonally adjusted terms, the contributors to the increase in expenditure on GDP were Changes in inventories (0.9 percentage points), Final consumption expenditure (0.3 percentage points) and Private gross fixed capital formation (0.3 percentage points). The main detractors were Net exports (-0.9 percentage points) and Public gross fixed capital formation (-0.2 percentage points).
INDUSTRY GROSS VALUE ADDED
- In seasonally adjusted terms, the main contributors to GDP growth were Manufacturing (up 2.1%), Construction (up 1.4%) and Accommodation and food services (up 4.5%) each contributing 0.1 percentage points to the increase in GDP. The main detractor was Mining (down 1.4%) detracting 0.2 percentage points from growth in GDP.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| September 2014 | 3 December 2014 |
| December 2014 | 4 March 2015 |
| March 2015 | 3 June 2015 |
| June 2015 | 2 September 2015 |
REVISIONS IN THIS ISSUE
There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.
HOURS WORKED ESTIMATES
Estimates of aggregate hours worked and other subsequently calculated estimates (such as GDP per hour worked) for June quarter 2014 may be impacted by a seasonal adjustment treatment highlighted in the April 2014 release of
Labour Force, Australia (cat no 6202.0). Seasonal corrections were not applied to take into account the unusually close proximity of the timing of ANZAC Day and Easter holidays in April 2014.
FEATURE ARTICLE
This issue includes a feature article titled
Complementing GDP analysis with a household perspective on page 18.
PRIVACY
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INQUIRIES
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