5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2011 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/12/2011   
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SEPTEMBER KEY FIGURES

% change Jun qtr 11 to Sep qtr 11
% change Sep qtr 10 to Sep qtr 11
GDP (Chain volume measure)
Trend
0.8
2.1
Seasonally adjusted
1.0
2.5
Final consumption expenditure (Chain volume measure)
Trend
0.8
3.1
Seasonally adjusted
0.6
3.1
Gross fixed capital formation (Chain volume measure)
Trend
2.4
6.9
Seasonally adjusted
6.0
8.7
GDP chain price index
Original
0.7
4.0
Terms of trade
Seasonally adjusted
2.7
13.2
Real net national disposable income
Trend
2.2
5.7
Seasonally adjusted
1.9
6.0

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 0.8% and Non-farm GDP increased 0.9% in the September 2011 quarter. GDP per hour worked in the market sector increased 0.4% and the Terms of trade rose 3.0%.
  • In seasonally adjusted terms, GDP increased by 1.0% and Non-farm GDP both increased by 1.1% in the September quarter. The Terms of trade rose 2.7% and Real gross domestic income rose 1.6%.


EXPENDITURE ON GDP
  • In seasonally adjusted terms, the main contributor to expenditure on GDP was Private gross fixed capital formation (2.1 percentage points) while Inventories (-0.8 percentage points) and Net exports (-0.6 percentage points) were the largest detractors.


INDUSTRY GROSS VALUE ADDED
  • In seasonally adjusted terms, the main contributors to GDP were Construction (up 5.0%) and Mining (up 3.7%). Construction contributed 0.4 percentage points to the increase in GDP, while Mining contributed 0.3 percentage points.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2011 7 March 2012
March 2012 6 June 2012
June 2012 5 September 2012
September 2012 5 December 2012



REVISIONS IN THIS ISSUE

The estimates in this issue incorporate estimates from the 2009-10 annual supply and use tables. For information on the role of supply and use tables in the national accounts and the major revisions please see the 'Analysis of Results' section Australian System of National Accounts, 2010-11 (cat. no. 5204.0). The revisions to estimates for 2010-11 arise from incorporating the 2009-10 benchmarks and new or revised source data for 2010-11.


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