DECEMBER KEY FIGURES

		% change Sep qtr 12 to Dec qtr 12	% change Dec qtr 11 to Dec qtr 12
GDP (Chain volume measure)
	Trend	0.6	2.9
	Seasonally adjusted	0.6	3.1
Final consumption expenditure (Chain volume measure)
	Trend	0.1	2.3
	Seasonally adjusted	0.1	2.5
Gross fixed capital formation (Chain volume measure)
	Trend	0.5	5.1
	Seasonally adjusted	0.8	5.9
GDP chain price index
	Original	-0.5	-1.5
Terms of trade
	Seasonally adjusted	-2.7	-12.9
Real net national disposable income
	Trend	-0.3	-0.1
	Seasonally adjusted	-0.1	0.3

GDP growth rates, Volume measures, quarterly change

Contributions to GDP growth, Seasonally adjusted

DECEMBER KEY POINTS


KEY AGGREGATES

• In trend terms, GDP increased 0.6% in the December 2012 quarter. Gross value added per hour worked in the market sector increased 0.5% and the Terms of trade fell 2.9%.
• In seasonally adjusted terms, GDP increased by 0.6% in the December quarter. The Terms of trade fell 2.7%, and Real gross domestic income was flat.

EXPENDITURE ON GDP

• In seasonally adjusted terms, the main contributors to expenditure on GDP were Total public gross fixed capital formation (1.1 percentage points), and Net exports (0.6 percentage points). The main detractors were Total private gross fixed capital formation (-0.9 percentage points) and Changes in inventories (-0.4 percentage points).

INDUSTRY GROSS VALUE ADDED

• In seasonally adjusted terms, the main contributors to GDP were Manufacturing (up 2.1%), Health care and social assistance (up 1.8%), Financial and insurance services (up 1.3%) and Mining (up 0.8%). These industries each contributed 0.1 percentage points to the increase in GDP.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2013	5 June 2013
June 2013	4 September 2013
September 2013	4 December 2013
December 2013	5 March 2014

REVISIONS IN THIS ISSUE

There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment. Specifically, the Terms of trade have been revised downward, mainly due to updated information on coal exports from providers.


SUPPRESSION OF DATA

The ABS has suppressed the release of some data in the December quarter release of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). Tables affected include tables 6, 7, 8 and 9 Expenditure on GDP. In addition data are also suppressed in the Excel spreadsheets. Tables affected include tables 2 and 3 Expenditure on GDP and tables 22 and 23. The reason for the data being suppressed is to confidentialise the sale of a second hand asset to the public sector.


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>.