JUNE KEY FIGURES

		Mar Qtr 2016 to Jun Qtr 2016	Jun Qtr 2015 to Jun Qtr 2016
		% change	% change
GDP (Chain volume measure)
	Trend	0.7	3.1
	Seasonally adjusted	0.5	3.3
Final consumption expenditure (Chain volume measure)
	Trend	0.8	3.2
	Seasonally adjusted	0.8	3.2
Gross fixed capital formation (Chain volume measure)
	Trend	-	-3.4
	Seasonally adjusted	-	-4.5
GDP chain price index
	Original	0.9	0.3
Terms of trade
	Seasonally adjusted	2.3	-5.4
Real net national disposable income
	Trend	1.0	2.1
	Seasonally adjusted	0.6	2.3
- nil or rounded to zero (including null cells)

GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted

JUNE KEY POINTS


GDP SUMMARY

• The Australian economy grew by 0.5% in seasonally adjusted chain volume terms in the June quarter.
• Final consumption expenditure increased 0.8%, contributing 0.6 percentage points to growth in GDP.
• Private non-financial corporations Gross operating surplus increased 2.9% while Compensation of employees increased 0.5%.
• The Terms of trade increased by 2.3% in seasonally adjusted terms.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
September 2016	7 December 2016
December 2016	1 March 2017
March 2017	7 June 2017
June 2017	6 September 2017

REVISIONS IN THIS ISSUE

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

Revisions this quarter to the various hours worked series and subsequent analytical series are to reflect recent revisions to Labour Force estimates, resulting from quarterly population rebenchmarking, the annual seasonal re-analysis process and the annual benchmarking of monthly hours worked to all jobs. Further information on these revisions is available in Labour Force, Australia (cat. no. 6202.0), in the February, March, and July 2016 issues respectively.

Revisions to the March quarter 2016 estimate of Real net national disposable income are predominantly driven by a revision in Primary income credits from non-residents, which consequentially revises the reinvested earnings series. Further information on this revision is provided in Balance of Payments and International Investment Position, Australia, June 2016 (cat. no. 5302.0).


OTHER CHANGES

Changes to spreadsheet series IDs have been made. Details of these changes were included in the Information paper: Upcoming changes to spreadsheet series IDs in National Income, Expenditure and Product (cat. no. 5206.0.55.005), which was released on 8 July 2016. This information paper includes a full concordance of the changes.


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>.