SEPTEMBER KEY FIGURES

		Jun Qtr 2018 to Sep Qtr 2018	Sep Qtr 2017 to Sep Qtr 2018
		% change	% change
GDP (Chain volume measure)
	Trend	0.6	3.0
	Seasonally adjusted	0.3	2.8
Final consumption expenditure (Chain volume measure)
	Trend	0.6	3.0
	Seasonally adjusted	0.3	3.1
Gross fixed capital formation (Chain volume measure)
	Trend	0.4	2.3
	Seasonally adjusted	0.1	1.3
GDP chain price index
	Original	0.9	2.9
Terms of trade
	Seasonally adjusted	0.8	2.7
Real net national disposable income
	Trend	0.5	3.2
	Seasonally adjusted	0.1	2.9

GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted

SEPTEMBER KEY POINTS


GDP SUMMARY

• The Australian economy grew by 0.3% in seasonally adjusted chain volume terms in the September quarter.
• Household final consumption expenditure increased 0.3% during the quarter contributing 0.2 percentage points to GDP growth.
• Compensation of employees increased by 1.0%.
• Net exports contributed 0.3 percentage points to GDP growth driven by a decline in imports.
• The terms of trade rose 0.8%.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2018	6 March 2019
March 2019	5 June 2019
June 2019	4 September 2019
September 2019	4 December 2019

REVISIONS IN THIS ISSUE

The estimates in this issue incorporate the 2016-17 annual supply and use tables. The supply and use tables incorporate revisions reflecting changes in methods, concepts, classifications and data sources. For more information on the role of supply and use tables in the national accounts and the major revisions please see the Analysis of Results section in Australian System of National Accounts, 2017-18 (cat. no. 5204.0).

This publication also includes the impact of re-referencing chain volume (CVM) estimates to the 2016-17 financial year. This in isolation will only affect levels of CVM estimates, generally leaving growth rates unchanged. Re-referencing can have an impact on CVM GDP growth (and other estimates) for the latest financial year (2017-18) if there are significant relative price changes between 2015-16 and 2016-17.

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


FEATURE ARTICLE

This issue includes a feature article titled Retail Industry Productivity Outpaces Market Sector Productivity and is available on the ABS website.


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INQUIRIES

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