MARCH KEY FIGURES

		Dec Qtr 2014 to Mar Qtr 2015	Mar Qtr 2014 to Mar Qtr 2015
		% change	% change
GDP (Chain volume measure)
	Trend	0.6	2.2
	Seasonally adjusted	0.9	2.3
Final consumption expenditure (Chain volume measure)
	Trend	0.6	2.4
	Seasonally adjusted	0.5	2.4
Gross fixed capital formation (Chain volume measure)
	Trend	-1.3	-4.1
	Seasonally adjusted	-1.2	-3.4
GDP chain price index
	Original	-	-1.0
Terms of trade
	Seasonally adjusted	-2.9	-11.4
Real net national disposable income
	Trend	0.1	-
	Seasonally adjusted	0.2	-0.2
- nil or rounded to zero (including null cells)

GDP growth rates, Volume measures, quarterly change

Contribution to GDP growth, Seasonally adjusted

MARCH KEY POINTS


KEY AGGREGATES

• In trend terms, GDP increased 0.6% in the March quarter 2015. Gross value added per hour worked in the market sector grew 0.1% and the Terms of trade fell 1.9%.
• In seasonally adjusted terms, GDP increased by 0.9% in the March quarter. The Terms of trade decreased 2.9%, and Real gross domestic income increased 0.2%.

EXPENDITURE ON GDP

• In seasonally adjusted terms, the main contributors to the increase in expenditure on GDP were Net exports (0.5 percentage points) and Final consumption expenditure (0.4 percentage points). The main detractor was Total gross fixed capital formation (-0.3 percentage points).

INDUSTRY GROSS VALUE ADDED

• In seasonally adjusted terms, the main contributors to the increase in GDP growth were Mining (0.3 percentage points) and Financial and insurance services (0.2 percentage points). The main detractor to growth in GDP was Construction (-0.1 percentage points).

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2015	2 September 2015
September 2015	2 December 2015
December 2015	2 March 2016
March 2016	1 June 2016

REVISIONS IN THIS ISSUE

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

From this issue, a trend break has been applied to the June quarter 2014 for the metal ores and minerals component of exports, in current price terms. This trend break will be reassessed as part of ongoing quality improvements as more observations become available. Seasonally adjusted and trend series have been revised due to the incorporation of revised and latest quarter estimates.


UPCOMING CHANGES

The annual chain volume measure estimates of Gross Value Added for Iron ore mining and Other mining previously published in Australian System of National Accounts, 2013-14 (ABS cat. no. 5204.0) have been reviewed. New estimates have been produced and these will be incorporated into the annual Supply and Use tables and published in Australian System of National Accounts, 2014-15 (ABS cat. no. 5204.0) on 30 October 2015. Users can request these preliminary estimates for analytical purposes prior to the publication.


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