5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2010 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/12/2010   
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SEPTEMBER KEY FIGURES

% change Jun qtr 10 to Sep qtr 10
% change Sep qtr 09 to Sep qtr 10

GDP (Chain volume measure)
Trend
0.6
2.8
Seasonally adjusted
0.2
2.7
Final consumption expenditure (Chain volume measure)
Trend
0.9
3.3
Seasonally adjusted
0.6
3.5
Gross fixed capital formation (Chain volume measure)
Trend
0.1
5.6
Seasonally adjusted
0.9
6.8
GDP chain price index
Original
0.7
6.6
Terms of trade
Seasonally adjusted
0.8
24.1
Real net national disposable income
Trend
2.5
9.5
Seasonally adjusted
-0.4
7.6


GDP growth rates, Volume measures, quarterly change
Graph: GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted
Graph: Contributions to GDP growth, Seasonally adjusted




SEPTEMBER KEY POINTS


KEY AGGREGATES
  • In trend terms, GDP increased 0.6% and Non-farm GDP increased 0.5% in the September quarter 2010. GDP per hour worked in the market sector rose 0.3% and the Terms of trade rose 1.6%.
  • In seasonally adjusted terms, GDP increased by 0.2% in the September quarter and Non-farm GDP fell 0.2%. The Terms of trade rose 0.8% and Real gross domestic income rose 0.3%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main positive contributors to expenditure on GDP were Household final consumption expenditure (0.3 percentage points), Private gross fixed capital formation (0.1 percentage points) and Public gross fixed capital formation (0.1 percentage points). The largest negative contributor was Net exports (-0.4 percentage points).


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, Agriculture (up 21.5%) contributed 0.4 percentage points to GDP growth driven largely by strong forecasts for grain crops.


NOTES

FORTHCOMING ISSUES

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



REVISIONS IN THIS ISSUE

The estimates in this issue incorporate estimates from the 2006-07, 2007-08 and 2008-09 annual supply and use tables. There are also revisions to 2009-10 estimates arising from the 2008-09 benchmarks, new data and data confrontation to balance the accounts.


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