Australian National Accounts: National Income, Expenditure and Product

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Quarterly estimates of key economic flows in Australia, including gross domestic product (GDP), consumption, investment, income and saving

Reference period

June 2020

Released

2/09/2020

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Key statistics

The Australian economy fell 7.0% in seasonally adjusted chain volume measures.
GDP fell 7.6% in seasonally adjusted current price measures.
The terms of trade rose 0.2%.
Household saving ratio increased to 19.8% from 6.0%.

Main features

June key figures

		Seasonally adjusted, percentage change (a)
		Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Jun 19 to Jun 20
Chain volume GDP and related measures (b)
	GDP	0.8	0.5	0.6	-0.3	-7.0	-6.3
	GDP per capita (c)	0.4	0.2	0.2	-0.6	-7.2	-7.4
	Gross value added market sector (d)	0.5	0.4	0.2	-0.6	-8.3	-8.2
	Real net national disposable income	1.9	0.9	-0.6	0.7	-7.8	-6.9
Productivity
	GDP per hour worked	1.0	-0.1	0.5	0.6	3.1	4.1
	Real unit labour costs	0.1	0.2	1.4	-1.0	-9.8	-9.3
Prices
	GDP chain price index (original)	1.1	0.7	-1.2	1.1	-0.2	0.3
	Terms of trade	1.5	0.2	-5.1	3.1	0.2	-1.8
Current price measures
	GDP	1.5	1.1	-0.2	0.9	-7.6	-5.9
	Household saving ratio	2.5	4.8	3.6	6.0	19.8	na

na not available
a. Change on preceding quarter, except for the last column which shows the change between the current quarter and the corresponding quarter of the previous year. Excludes Household saving ratio.
b. Reference year for chain volume measures and real income measures is 2017-18.
c. Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.

Articles

This quarter's National Accounts includes the following articles:

GDP growth rates, chain volume measures, seasonally adjusted
	Quarterly growth (%)	Through the year (%)
Jun-12	0.8	4.2
Sep-12	0.6	3.5
Dec-12	0.6	2.9
Mar-13	0.3	2.2
Jun-13	0.5	1.9
Sep-13	0.8	2.1
Dec-13	0.8	2.4
Mar-14	0.7	2.8
Jun-14	0.6	2.9
Sep-14	0.5	2.6
Dec-14	0.4	2.1
Mar-15	0.8	2.3
Jun-15	0.2	1.9
Sep-15	1.1	2.5
Dec-15	0.6	2.7
Mar-16	0.9	2.7
Jun-16	0.7	3.3
Sep-16	0.1	2.3
Dec-16	1.0	2.8
Mar-17	0.3	2.2
Jun-17	0.7	2.2
Sep-17	0.9	3.0
Dec-17	0.5	2.4
Mar-18	0.9	3.1
Jun-18	0.9	3.3
Sep-18	0.2	2.6
Dec-18	0.1	2.2
Mar-19	0.4	1.7
Jun-19	0.8	1.6
Sep-19	0.5	1.8
Dec-19	0.6	2.3
Mar-20	-0.3	1.6
Jun-20	-7.0	-6.3

GDP growth rates, chain volume measures, seasonally adjusted

["","Quarterly growth","Through the year"]

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Contribution to GDP growth, seasonally adjusted
	Jun-20 (ppt)
General government consumption	0.6
Household consumption	-6.7
Private capital formation	-1.2
Public capital formation	0.1
Change in inventories	-0.6
Exports	-1.4
Imports	2.5
GDP	-7.0

Contribution to GDP growth, seasonally adjusted

["","Jun-20"]

[["General government consumption","Household consumption","Private capital formation","Public capital formation","Change in inventories","Exports","Imports","GDP"],[[0.59999999999999998],[-6.7000000000000002],[-1.2],[0.10000000000000001],[-0.59999999999999998],[-1.3999999999999999],[2.5],[-7]]]

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Revisions in this issue

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

Suspension of trend estimates

Due to the impacts of COVID-19 on the economy, trend estimates for all series in the National Accounts have been suspended from June 2019 (inclusive). In the short term, this measurement will be significantly affected by changes to regular patterns in economic activity. If trend estimates were to be calculated without fully accounting for this unusual event, they would likely provide a misleading view of the underlying trend in the economy.

Changes in the seasonal adjustment process

Series with significant and prolonged impacts from COVID-19 will use forward seasonal factors to produce seasonally adjusted estimates instead of the standard concurrent seasonal factors method. The forward factors approach is better suited to managing large movements at the end of a series and will ensure that large movements do not have a disproportionate influence on the seasonal factors. A number of series across all measures have been moved to forward factors this quarter.

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Key tables

Show all

Key national accounts aggregates, seasonally adjusted

		Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Through the year, Jun 19 to Jun 20
Percentage change (a)
Chain volume GDP and related measures (b)
	GDP	0.8	0.5	0.6	-0.3	-7.0	-6.3
	GDP per capita (c)	0.4	0.2	0.2	-0.6	-7.2	-7.4
	Gross value added market sector (d)	0.5	0.4	0.2	-0.6	-8.3	-8.2
	Net domestic product	0.8	0.5	0.5	-0.5	-8.6	-8.1
Real income measures (b)
	Real gross domestic income	1.1	0.6	-0.7	0.4	-7.0	-6.7
	Real gross national income	1.5	0.9	-0.4	0.6	-6.2	-5.1
	Real net national disposable income	1.9	0.9	-0.6	0.7	-7.8	-6.9
	Real net national disposable income per capita (c)	1.5	0.6	-0.9	0.4	-8.0	-8.0
Current price measures
	GDP	1.5	1.1	-0.2	0.9	-7.6	-5.9
Productivity
	Hours worked	-0.2	0.6	0.1	-0.9	-9.8	-10.0
	Hours worked market sector (d)	-0.2	0.2	-	-1.4	-12.2	-13.4
	GDP per hour worked	1.0	-0.1	0.5	0.6	3.1	4.1
	Gross value added per hour worked market sector (d)	0.7	0.2	0.2	0.9	5.9	7.3
	Real unit labour costs	0.1	0.2	1.4	-1.0	-9.8	-9.3
	Real unit labour costs - non-farm	0.3	-	1.6	-0.9	-10.2	-9.6
Prices
	GDP implicit price deflator	0.7	0.6	-0.8	1.1	-0.6	0.3
	Domestic final demand implicit price deflator	0.6	0.4	0.4	0.3	-0.3	0.8
	Terms of trade	1.5	0.2	-5.1	3.1	0.2	-1.8
Levels
Chain volume GDP and related measures (b)
	GDP ($m)	475 552	477 958	480 599	479 339	445 799	. .
	GDP per capita (c) ($)	18 754	18 784	18 826	18 715	17 371	. .
	Gross value added market sector (d) ($m)	321 645	322 822	323 517	321 736	295 140	. .
	Net domestic product ($m)	392 207	394 070	396 177	394 371	360 274	. .
Real income measures (b)
	Real gross domestic income ($m)	485 248	487 920	484 578	486 411	452 569	. .
	Real gross national income ($m)	471 028	475 497	473 814	476 889	447 165	. .
	Real net national disposable income ($m)	387 740	391 345	388 979	391 716	361 122	. .
	Real net national disposable income per capita (c) ($)	15 291	15 380	15 237	15 294	14 071	. .
Current price measures
	GDP ($m)	497 967	503 597	502 420	506 779	468 424	. .
	GDP per capita (c) ($)	19 638	19 791	19 680	19 787	18 252	. .
	Gross national income ($m)	482 108	489 391	490 875	496 073	461 287	. .
	National net saving ($m)	27 218	30 301	27 019	31 251	27 253	. .
	Household saving ratio	2.5	4.8	3.6	6.0	19.8	. .
Prices
	Terms of trade (index) (e)	109.1	109.3	103.7	106.9	107.1	. .

. . not applicable
- nil or rounded to zero
a. Change on preceding quarter; last column shows the change between the current quarter and the corresponding quarter of the previous year.
b. Reference year for chain volume measures and real income measures is 2017-18.
c. Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.
e. Reference year for indexes is 2017-18 = 100.0.

Analytical expenditure aggregates, chain volume measures(a) seasonally adjusted, percentage changes(b)

			Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Through the year, Jun 19 to Jun 20	Contribution to growth, Mar 20 to Jun 20
Final consumption expenditure
	General government		2.5	1.0	1.3	2.1	2.9	7.5	0.6
	Households		0.3	0.1	0.4	-1.2	-12.1	-12.7	-6.7
		Goods	0.1	0.3	0.4	1.1	-2.8	-1.2	-0.6
		Services	0.5	0.1	0.5	-2.5	-17.6	-19.3	-6.1
		Essential	0.4	0.4	0.4	0.5	-4.2	-2.9	-1.5
		Discretionary	0.3	-0.3	0.5	-4.0	-25.0	-27.8	-5.3
Gross fixed capital formation
	Private		-1.2	0.2	-0.8	-0.5	-6.5	-7.6	-1.2
		Mining	3.5	-2.5	6.0	3.0	1.3	7.9	-
		Non-mining	-1.7	0.8	-3.2	-1.4	-6.9	-10.4	-0.6
		Total private business investment	-0.5	-	-1.1	-0.4	-4.8	-6.2	-0.5
	Public		2.2	1.1	0.5	-0.9	1.0	1.8	0.1
Final demand
	Public		2.4	1.0	1.1	1.5	2.5	6.3	0.6
	Private		-	0.1	0.1	-1.0	-10.8	-11.4	-7.9

- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.

Expenditure aggregates, chain volume measures(a) seasonally adjusted, contributions to growth in GDP

		Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20
Final consumption expenditure
	General government	0.5	0.2	0.3	0.4	0.6
	Households	0.2	0.1	0.2	-0.7	-6.7
Gross fixed capital formation
	Private	-0.2	-	-0.1	-0.1	-1.2
	Public	0.1	0.1	-	-	0.1
Domestic final demand		0.6	0.4	0.4	-0.4	-7.2
Changes in inventories		-0.3	-	0.2	-0.2	-0.6
Exports of goods and services		0.4	0.1	-	-1.0	-1.4
Imports of goods and services		0.1	0.1	-	1.4	2.5
Statistical discrepancy (E)		-0.1	-	-	-	-0.2
Gross domestic product		0.8	0.5	0.6	-0.3	-7.0

- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.

Expenditure on GDP, chain volume measures(a) seasonally adjusted, percentage changes(b)

		Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Through the year, Jun 19 to Jun 20	Contribution to growth, Mar 20 to Jun 20
Final consumption expenditure
	General government	2.5	1.0	1.3	2.1	2.9	7.5	0.6
	Households	0.3	0.1	0.4	-1.2	-12.1	-12.7	-6.7
	Total final consumption expenditure	0.9	0.4	0.7	-0.3	-8.1	-7.5	-6.1
Private gross fixed capital formation
	Dwellings	-2.6	-1.0	-2.7	-1.0	-6.8	-11.2	-0.4
	Ownership transfer costs	-0.4	6.9	9.2	0.8	-18.5	-4.2	-0.3
	Non-dwelling construction	-4.6	3.9	-2.8	0.4	-3.1	-1.7	-0.2
	Machinery and equipment	3.3	-5.5	-0.3	-1.9	-6.9	-14.0	-0.3
	Cultivated biological resources	0.3	-8.0	-3.6	5.5	3.8	-2.8	-
	Intellectual property products	2.5	2.0	1.8	0.1	-6.0	-2.3	-0.1
	Total private gross fixed capital formation	-1.2	0.2	-0.8	-0.5	-6.5	-7.6	-1.2
Public gross fixed capital formation
	Public corporations	-2.2	4.7	-7.5	7.0	-7.2	-3.8	-0.1
	General government	3.6	-	3.1	-3.1	3.6	3.5	0.1
	Total public gross fixed capital formation	2.2	1.1	0.5	-0.9	1.0	1.8	0.1
Total gross fixed capital formation		-0.4	0.4	-0.5	-0.5	-4.9	-5.5	-1.1
Domestic final demand		0.6	0.4	0.4	-0.4	-7.4	-7.0	-7.2
Changes in inventories		. .	. .	. .	. .	. .	. .	-0.6
Exports of goods and services		1.9	0.3	-0.2	-4.4	-6.7	-10.6	-1.4
Imports of goods and services		-0.6	-0.5	0.2	-6.7	-12.9	-19.1	2.5
Statistical discrepancy (E)		. .	. .	. .	. .	. .	. .	-0.2
Gross domestic product		0.8	0.5	0.6	-0.3	-7.0	-6.3	-7.0

. . not applicable
- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.

Household final consumption expenditure, chain volume measures(a) seasonally adjusted, percentage changes(b)

	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Through the year, Jun 19 to Jun 20	Contribution to growth, Mar 20 to Jun 20
Food	0.3	0.2	-	5.8	-2.7	3.1	-0.3
Cigarettes and tobacco	-1.7	-3.1	-4.3	-4.1	-4.0	-14.7	-0.1
Alcoholic beverages	0.4	-0.5	1.1	3.4	13.0	17.4	0.3
Clothing and footwear	0.5	-0.4	2.4	-8.8	-18.0	-23.8	-0.6
Rent and other dwelling services	0.6	0.6	0.6	0.6	0.6	2.3	0.1
Electricity, gas and other fuel	-1.6	-	2.3	-0.6	4.8	6.5	0.1
Furnishings and household equipment	0.5	0.5	1.4	1.3	9.5	13.0	0.4
Health	0.3	1.1	0.5	-1.5	-20.2	-20.2	-1.4
Purchase of vehicles	-3.3	-1.2	-2.8	-2.0	-17.6	-22.5	-0.3
Operation of vehicles	0.3	-0.3	0.6	-3.9	-25.5	-28.2	-1.2
Transport services	-	-2.0	-1.1	-14.1	-85.9	-88.2	-2.3
Communications	0.4	0.6	0.1	2.4	1.5	4.7	-
Recreation and culture	1.1	0.5	0.7	-1.7	-15.3	-15.7	-1.5
Education services	0.6	0.3	0.5	0.4	0.2	1.4	-
Hotels, cafes and restaurants	0.8	-1.1	1.0	-9.4	-56.1	-60.2	-3.5
Insurance and other financial services	0.3	0.6	0.3	-0.2	0.6	1.3	0.1
Other goods and services	0.3	0.5	0.2	-1.1	-31.2	-31.5	-2.0
Total	0.3	0.1	0.4	-1.2	-12.1	-12.7	-12.1

Industry gross value added(a), chain volume measures(b) seasonally adjusted, percentage changes(c)

	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Through the year, Jun 19 to Jun 20	Contribution to growth, Mar 20 to Jun 20
Agriculture, forestry and fishing	-1.4	-2.5	-0.2	-1.9	-1.9	-6.3	-
Mining	2.9	1.9	-0.4	-0.6	0.2	1.1	-
Manufacturing	-1.2	-0.5	2.1	2.3	-9.6	-6.1	-0.5
Electricity, gas, water and waste services	0.1	-0.6	0.1	-1.9	-1.5	-3.8	-
Construction	-0.9	0.7	-2.4	-0.6	-8.2	-10.3	-0.6
Wholesale trade	-0.9	-0.7	0.2	1.7	-5.9	-4.8	-0.2
Retail trade	-0.1	-0.1	0.1	1.7	-4.5	-2.8	-0.2
Accommodation and food services	1.6	0.4	0.5	-7.9	-39.0	-43.3	-0.8
Transport, postal and warehousing	-0.1	-0.4	2.2	-4.6	-21.5	-23.7	-0.9
Information media and telecommunications	1.4	0.7	0.1	0.5	-8.7	-7.5	-0.2
Financial and insurance services	-	0.5	0.5	1.2	0.7	3.0	0.1
Rental, hiring and real estate services (d)	0.7	0.7	2.6	-1.9	-15.9	-14.7	-0.5
Professional, scientific and technical services	1.9	1.2	0.2	1.3	-6.2	-3.6	-0.4
Administrative and support services	0.8	0.8	-1.0	-3.7	-20.1	-23.2	-0.7
Public administration and safety	1.7	1.4	0.9	2.1	0.9	5.4	-
Education and training	0.6	0.6	0.6	0.4	0.4	2.0	-
Health care and social assistance	1.8	2.6	1.6	-0.1	-7.9	-4.1	-0.6
Arts and recreation services	0.2	0.5	-0.8	-2.3	-22.6	-24.5	-0.2
Other services	1.7	-1.6	1.1	-4.1	-18.5	-22.3	-0.3
Ownership of dwellings	0.6	0.6	0.6	0.6	0.6	2.4	-
Gross value added at basic prices	0.7	0.6	0.4	-0.2	-6.5	-5.7	-6.0
Taxes less subsidies on products	1.0	-0.5	0.2	-	-15.6	-15.9	-1.0
Statistical discrepancy (P)	. .	. .	. .	. .	. .	. .	0.1
Gross domestic product	0.8	0.5	0.6	-0.3	-7.0	-6.3	-7.0

. . not applicable
- nil or rounded to zero
a. At basic prices.
b. Reference year for chain volume measures is 2017-18.
c. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.
d. Excludes ownership of dwellings.

Income from GDP, current prices seasonally adjusted, percentage changes(a)

			Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20	Mar 20 to Jun 20	Through the year, Jun 19 to Jun 20	Contribution to growth, Mar 20 to Jun 20
Compensation of employees
	Wages and salaries		1.3	1.2	1.0	0.6	-2.5	0.3	-1.1
	Employers' social contributions (b)		1.4	1.2	1.0	0.8	-1.9	1.0	-0.1
	Total compensation of employees		1.4	1.2	1.0	0.7	-2.5	0.4	-1.2
Gross operating surplus
	Non-financial corporations
		Private non-financial corporations	3.0	2.3	-2.2	1.0	14.9	16.3	2.9
		Public non-financial corporations	-7.4	-6.4	1.6	2.4	2.0	-0.7	-
		Total non-financial corporations	2.6	2.0	-2.0	1.1	14.4	15.6	2.9
	Financial corporations		0.8	0.9	0.7	1.3	-0.5	2.5	-
	Total corporations		2.2	1.7	-1.4	1.1	11.1	12.7	2.9
	General government		1.4	1.3	1.4	1.4	1.5	5.6	-
	Dwellings owned by persons		0.6	0.3	0.3	0.5	-0.3	0.9	-
	Total gross operating surplus		1.8	1.4	-0.9	1.0	8.2	9.9	2.9
Gross mixed income			-1.1	-0.8	-0.7	-0.5	21.9	19.6	1.6
Total factor income			1.3	1.1	0.1	0.7	3.8	5.8	3.4
Taxes less subsidies on production and imports			3.0	1.1	-1.4	1.5	-111.9	-112.1	-11.1
Statistical discrepancy (I)			. .	. .	. .	. .	. .	. .	0.1
Gross domestic product			1.5	1.1	-0.2	0.9	-7.6	-5.9	-7.6

. . not applicable
- nil or rounded to zero
a. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.
b. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

Key national accounts aggregates, seasonally adjusted, revisions to percentage changes(a)

		Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20
Chain volume GDP and related measures (b)
	GDP	0.2	-0.1	0.1	-
	GDP per capita (c)	0.1	-	-	0.1
	Gross value added market sector (d)	0.2	0.1	-0.2	-
	Net domestic product	0.2	-	-	-
Real income measures (b)
	Real gross domestic income	0.1	-	-	0.1
	Real gross national income	0.1	-	-	0.1
	Real net national disposable income	0.2	-	0.1	0.2
	Real net national disposable income per capita (c)	0.2	-	0.1	0.3
Current price measures
	GDP	0.1	-0.1	-	0.1
	Household saving ratio (e)	-0.1	-	0.1	0.5
Productivity
	Hours worked	-0.1	-0.1	-0.1	-0.1
	Hours worked market sector (d)	-0.1	-0.1	-0.1	-
	GDP per hour worked	0.3	0.1	0.2	0.1
	Gross value added per hour worked market sector (d)	0.4	0.2	-0.1	0.1
	Real unit labour costs	-0.2	0.1	-	-
	Real unit labour costs - non-farm	-0.1	0.1	-	-
Prices
	Terms of trade	-	0.1	0.1	0.2

- nil or rounded to zero
a. Change on preceding quarter.
b. Reference year for chain volume measures and real income measures is 2017-18.
c. Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.
e. Revisions to levels.

Analytical expenditure aggregates, chain volume measures(a) seasonally adjusted, revisions to percentage changes(b)

			Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20
Final consumption expenditure
	General government		0.2	-0.1	0.4	0.3
	Households		-	-	-0.1	-0.1
		Essential	0.1	-	-	-0.1
		Discretionary	0.1	-	-0.1	-0.1
Gross fixed capital formation
	Private		0.3	-	0.8	0.3
		Mining	-1.3	0.9	0.9	-0.6
		Non-mining	0.5	-0.2	0.7	0.3
		Total private business investment	0.1	-	0.8	-
	Public		1.1	-0.2	0.1	-0.2
Final demand
	Public		0.3	-0.2	0.3	0.3
	Private		0.1	-0.1	0.1	0.1

- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter.

Expenditure on GDP, chain volume measures(a) seasonally adjusted, revisions to percentage changes(b)

		Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20
Final consumption expenditure
	General government	0.2	-0.1	0.4	0.3
	Households	-	-	-0.1	-0.1
	Total final consumption expenditure	0.1	-	0.1	0.1
Private gross fixed capital formation
	Dwellings	0.9	-0.3	1.4	0.7
	Ownership transfer costs	-	0.7	-1.4	0.8
	Non-dwelling construction	0.3	0.1	1.9	0.1
	Machinery and equipment	-0.2	-	-0.2	-0.3
	Cultivated biological resources	-1.4	-0.7	-	1.7
	Intellectual property products	-	-	-	0.2
	Total private gross fixed capital formation	0.3	-	0.8	0.3
Public gross fixed capital formation
	Public corporations	1.4	-1.1	0.5	-0.5
	General government	1.0	-	0.1	-
	Total public gross fixed capital formation	1.1	-0.2	0.1	-0.2
Total gross fixed capital formation		0.5	-0.1	0.7	0.3
Domestic final demand		0.2	-	0.2	0.1
Gross national expenditure		0.3	-0.2	0.2	0.1
Exports of goods and services		0.4	-	-	-0.9
Imports of goods and services		0.9	-0.2	0.1	-0.5
Gross domestic product		0.2	-0.1	0.1	-

- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter.

Industry gross value added(a), chain volume measures(b) seasonally adjusted, revisions to percentage changes(c)

	Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20
Agriculture, forestry and fishing	3.3	0.6	0.4	0.2
Mining	-0.2	0.8	-1.3	0.4
Manufacturing	0.1	-	-0.2	0.2
Electricity, gas, water and waste services	0.7	-0.4	-	-0.2
Construction	0.6	-	0.1	-0.1
Wholesale trade	-	-0.1	-0.1	0.2
Retail trade	0.1	-0.1	-0.1	-
Accommodation and food services	-	-	-	-0.4
Transport, postal and warehousing	0.5	-0.3	-0.2	0.3
Information media and telecommunications	-	-	-	0.2
Financial and insurance services	-0.1	0.1	-	-
Rental, hiring and real estate services (d)	-	-	-	-0.2
Professional, scientific and technical services	0.3	-0.2	-0.1	-0.2
Administrative and support services	-	-	-	-
Public administration and safety	-0.1	-0.1	-0.2	0.7
Education and training	-	-	-	-
Health care and social assistance	-	-0.1	-	-
Arts and recreation services	-	-	-	0.1
Other services	-	-	0.1	0.1
Ownership of dwellings	-	-	-	-
Gross value added at basic prices	0.2	-	-0.2	0.1
Taxes less subsidies on products	0.9	-0.8	-0.2	0.5
Gross domestic product	0.2	-0.1	0.1	-

- nil or rounded to zero
a. At basic prices.
b. Reference year for chain volume measures is 2017-18.
c. Change on preceding quarter.
d. Excludes ownership of dwellings.

Income from GDP, current prices seasonally adjusted, revisions to percentage changes(a)

			Mar 19 to Jun 19	Jun 19 to Sep 19	Sep 19 to Dec 19	Dec 19 to Mar 20
Compensation of employees
	Wages and salaries		-0.1	-	-	0.1
	Employers' social contributions (b)		-0.1	0.1	0.1	0.1
	Total compensation of employees		-	-	-	0.2
Gross operating surplus
	Non-financial corporations
		Private non-financial corporations	-	-	-	0.3
		Public non-financial corporations	-0.4	0.4	-0.9	0.4
		Total non-financial corporations	-	-	-	0.3
	Financial corporations		-	-0.1	-	-0.2
	Total corporations		-	-	-	0.2
	General government		-	-	-	-
	Dwellings owned by persons		0.1	-	-0.1	-0.1
	Total gross operating surplus		-	-	-	0.1
Gross mixed income			0.4	-	0.5	0.1
Total factor income			-	-	-	0.1
Taxes less subsidies on production and imports			-	0.1	0.1	-
Gross domestic product			0.1	-0.1	-	0.1

- nil or rounded to zero
a. Change on preceding quarter.
b. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

Analysis

Australian economy fell an unprecedented 7.0%

Gross Domestic Product (GDP) fell a historic 7.0% this quarter, as the COVID-19 pandemic and the corresponding movement restrictions continued to impact economic activity. The June quarter release records the first annual estimate of GDP for 2019/20, which fell 0.2%, ending Australia's longest streak of continuous growth, 28 years.

Gross domestic product, chain volume measures, seasonally adjusted
	Quarterly growth (%)	Through the year (%)
Jun-12	0.8	4.2
Sep-12	0.6	3.5
Dec-12	0.6	2.9
Mar-13	0.3	2.2
Jun-13	0.5	1.9
Sep-13	0.8	2.1
Dec-13	0.8	2.4
Mar-14	0.7	2.8
Jun-14	0.6	2.9
Sep-14	0.5	2.6
Dec-14	0.4	2.1
Mar-15	0.8	2.3
Jun-15	0.2	1.9
Sep-15	1.1	2.5
Dec-15	0.6	2.7
Mar-16	0.9	2.7
Jun-16	0.7	3.3
Sep-16	0.1	2.3
Dec-16	1.0	2.8
Mar-17	0.3	2.2
Jun-17	0.7	2.2
Sep-17	0.9	3.0
Dec-17	0.5	2.4
Mar-18	0.9	3.1
Jun-18	0.9	3.3
Sep-18	0.2	2.6
Dec-18	0.1	2.2
Mar-19	0.4	1.7
Jun-19	0.8	1.6
Sep-19	0.5	1.8
Dec-19	0.6	2.3
Mar-20	-0.3	1.6
Jun-20	-7.0	-6.3

Gross domestic product, chain volume measures, seasonally adjusted

["","Quarterly growth","Through the year"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[0.80000000000000004],[0.59999999999999998],[0.59999999999999998],[0.29999999999999999],[0.5],[0.80000000000000004],[0.80000000000000004],[0.69999999999999996],[0.59999999999999998],[0.5],[0.40000000000000002],[0.80000000000000004],[0.20000000000000001],[1.1000000000000001],[0.59999999999999998],[0.90000000000000002],[0.69999999999999996],[0.10000000000000001],[1],[0.29999999999999999],[0.69999999999999996],[0.90000000000000002],[0.5],[0.90000000000000002],[0.90000000000000002],[0.20000000000000001],[0.10000000000000001],[0.40000000000000002],[0.80000000000000004],[0.5],[0.59999999999999998],[-0.29999999999999999],[-7]],[[4.2000000000000002],[3.5],[2.8999999999999999],[2.2000000000000002],[1.8999999999999999],[2.1000000000000001],[2.3999999999999999],[2.7999999999999998],[2.8999999999999999],[2.6000000000000001],[2.1000000000000001],[2.2999999999999998],[1.8999999999999999],[2.5],[2.7000000000000002],[2.7000000000000002],[3.2999999999999998],[2.2999999999999998],[2.7999999999999998],[2.2000000000000002],[2.2000000000000002],[3],[2.3999999999999999],[3.1000000000000001],[3.2999999999999998],[2.6000000000000001],[2.2000000000000002],[1.7],[1.6000000000000001],[1.8],[2.2999999999999998],[1.6000000000000001],[-6.2999999999999998]]]

[]

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Private demand drives the fall

Private demand detracted 7.9 percentage points from GDP, with household final consumption expenditure driving the fall. Public demand partly offset the fall, contributing 0.6 percentage points, as government increased spending in response to COVID-19.

Domestic final demand, chain volume measures, seasonally adjusted - contributions to growth
	Domestic final demand (ppt)	Public demand (ppt)	Private demand (ppt)
Jun-12	1.3	0.6	0.7
Sep-12	-0.1	-0.4	0.4
Dec-12	0.2	1.0	-0.8
Mar-13	0.0	-0.7	0.7
Jun-13	-0.2	-1.2	1.0
Sep-13	1.0	1.1	-0.2
Dec-13	0.3	0.4	-0.2
Mar-14	0.1	-0.5	0.5
Jun-14	-0.1	-0.5	0.4
Sep-14	0.2	0.5	-0.3
Dec-14	0.2	-0.1	0.3
Mar-15	0.4	0.2	0.2
Jun-15	0.2	0.4	-0.2
Sep-15	0.2	0.0	0.2
Dec-15	0.2	0.3	0.0
Mar-16	0.9	0.6	0.3
Jun-16	0.4	0.6	-0.2
Sep-16	0.1	0.1	0.0
Dec-16	1.1	0.5	0.6
Mar-17	0.7	0.3	0.4
Jun-17	0.8	0.7	0.2
Sep-17	1.1	-0.4	1.5
Dec-17	0.8	0.6	0.3
Mar-18	1.0	0.2	0.7
Jun-18	0.4	0.0	0.4
Sep-18	0.4	0.4	0.0
Dec-18	0.1	0.1	-0.1
Mar-19	0.3	0.2	0.1
Jun-19	0.6	0.6	0.0
Sep-19	0.4	0.3	0.1
Dec-19	0.4	0.3	0.1
Mar-20	-0.4	0.4	-0.8
Jun-20	-7.4	0.6	-7.9

Domestic final demand, chain volume measures,  seasonally adjusted - contributions to growth

["","Domestic final demand","Public demand","Private demand"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[1.3],[-0.10000000000000001],[0.20000000000000001],[0],[-0.20000000000000001],[1],[0.29999999999999999],[0.10000000000000001],[-0.10000000000000001],[0.20000000000000001],[0.20000000000000001],[0.40000000000000002],[0.20000000000000001],[0.20000000000000001],[0.20000000000000001],[0.90000000000000002],[0.40000000000000002],[0.10000000000000001],[1.1000000000000001],[0.69999999999999996],[0.80000000000000004],[1.1000000000000001],[0.80000000000000004],[1],[0.40000000000000002],[0.40000000000000002],[0.10000000000000001],[0.29999999999999999],[0.59999999999999998],[0.40000000000000002],[0.40000000000000002],[-0.40000000000000002],[-7.4000000000000004]],[[0.59999999999999998],[-0.40000000000000002],[1],[-0.69999999999999996],[-1.2],[1.1000000000000001],[0.40000000000000002],[-0.5],[-0.5],[0.5],[-0.10000000000000001],[0.20000000000000001],[0.40000000000000002],[0],[0.29999999999999999],[0.59999999999999998],[0.59999999999999998],[0.10000000000000001],[0.5],[0.29999999999999999],[0.69999999999999996],[-0.40000000000000002],[0.59999999999999998],[0.20000000000000001],[0],[0.40000000000000002],[0.10000000000000001],[0.20000000000000001],[0.59999999999999998],[0.29999999999999999],[0.29999999999999999],[0.40000000000000002],[0.59999999999999998]],[[0.69999999999999996],[0.40000000000000002],[-0.80000000000000004],[0.69999999999999996],[1],[-0.20000000000000001],[-0.20000000000000001],[0.5],[0.40000000000000002],[-0.29999999999999999],[0.29999999999999999],[0.20000000000000001],[-0.20000000000000001],[0.20000000000000001],[0],[0.29999999999999999],[-0.20000000000000001],[0],[0.59999999999999998],[0.40000000000000002],[0.20000000000000001],[1.5],[0.29999999999999999],[0.69999999999999996],[0.40000000000000002],[0],[-0.10000000000000001],[0.10000000000000001],[0],[0.10000000000000001],[0.10000000000000001],[-0.80000000000000004],[-7.9000000000000004]]]

[]

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Unprecedented fall in household spending

Household final consumption expenditure fell a record 12.1%, detracting 6.7 percentage points from GDP. Household expenditure fell 2.6% for the 2019/20 financial year, the first annual fall in recorded history.

Household final consumption expenditure, chain volume measures, seasonally adjusted
	Quarterly growth (%)	Through the year (%)
Jun-12	0.4	2.7
Sep-12	0.3	2.3
Dec-12	0.2	2.1
Mar-13	0.6	1.4
Jun-13	0.3	1.3
Sep-13	1.0	2.1
Dec-13	0.6	2.5
Mar-14	0.6	2.5
Jun-14	0.5	2.7
Sep-14	0.7	2.4
Dec-14	0.5	2.4
Mar-15	0.5	2.2
Jun-15	0.6	2.4
Sep-15	1.0	2.6
Dec-15	0.5	2.5
Mar-16	0.9	3.0
Jun-16	0.4	2.8
Sep-16	0.5	2.3
Dec-16	0.7	2.5
Mar-17	0.4	2.0
Jun-17	0.7	2.3
Sep-17	0.8	2.6
Dec-17	0.9	2.9
Mar-18	0.5	3.0
Jun-18	0.8	3.1
Sep-18	0.3	2.6
Dec-18	0.3	2.0
Mar-19	0.4	1.9
Jun-19	0.3	1.4
Sep-19	0.1	1.2
Dec-19	0.4	1.3
Mar-20	-1.2	-0.3
Jun-20	-12.1	-12.7

Household final consumption expenditure, chain volume measures, seasonally adjusted

["","Quarterly growth","Through the year"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[0.40000000000000002],[0.29999999999999999],[0.20000000000000001],[0.59999999999999998],[0.29999999999999999],[1],[0.59999999999999998],[0.59999999999999998],[0.5],[0.69999999999999996],[0.5],[0.5],[0.59999999999999998],[1],[0.5],[0.90000000000000002],[0.40000000000000002],[0.5],[0.69999999999999996],[0.40000000000000002],[0.69999999999999996],[0.80000000000000004],[0.90000000000000002],[0.5],[0.80000000000000004],[0.29999999999999999],[0.29999999999999999],[0.40000000000000002],[0.29999999999999999],[0.10000000000000001],[0.40000000000000002],[-1.2],[-12.1]],[[2.7000000000000002],[2.2999999999999998],[2.1000000000000001],[1.3999999999999999],[1.3],[2.1000000000000001],[2.5],[2.5],[2.7000000000000002],[2.3999999999999999],[2.3999999999999999],[2.2000000000000002],[2.3999999999999999],[2.6000000000000001],[2.5],[3],[2.7999999999999998],[2.2999999999999998],[2.5],[2],[2.2999999999999998],[2.6000000000000001],[2.8999999999999999],[3],[3.1000000000000001],[2.6000000000000001],[2],[1.8999999999999999],[1.3999999999999999],[1.2],[1.3],[-0.29999999999999999],[-12.699999999999999]]]

[]

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Record fall in household spending on services

Spending on services fell 17.6% reflecting temporary shutdown of businesses and movement restrictions. Spending on goods fell 2.8% driven by record falls in operation of vehicles and clothing and footwear, while spending on food recorded the biggest decline since June 1983.

Goods and services consumption expenditure, chain volume measures, seasonally adjusted
	Goods consumption (%)	Services consumption (%)
Jun-12	2.2	-0.5
Sep-12	-0.3	0.5
Dec-12	-0.3	0.3
Mar-13	1.1	0.3
Jun-13	0.5	0.3
Sep-13	0.9	0.7
Dec-13	0.5	0.4
Mar-14	0.3	0.8
Jun-14	0.1	0.8
Sep-14	0.5	0.7
Dec-14	0.5	0.6
Mar-15	0.4	0.5
Jun-15	0.7	0.4
Sep-15	1.5	0.6
Dec-15	1.0	0.2
Mar-16	0.7	1.0
Jun-16	0.0	1.1
Sep-16	-0.1	0.6
Dec-16	0.9	0.6
Mar-17	0.6	0.4
Jun-17	1.4	0.4
Sep-17	0.8	0.8
Dec-17	0.5	1.2
Mar-18	1.3	0.1
Jun-18	0.5	0.9
Sep-18	0.4	0.3
Dec-18	0.0	0.5
Mar-19	0.2	0.6
Jun-19	0.1	0.5
Sep-19	0.3	0.1
Dec-19	0.4	0.5
Mar-20	1.1	-2.5
Jun-20	-2.8	-17.6

Goods and services consumption expenditure, chain volume measures, seasonally adjusted

["","Goods consumption","Services consumption"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[2.2000000000000002],[-0.29999999999999999],[-0.29999999999999999],[1.1000000000000001],[0.5],[0.90000000000000002],[0.5],[0.29999999999999999],[0.10000000000000001],[0.5],[0.5],[0.40000000000000002],[0.69999999999999996],[1.5],[1],[0.69999999999999996],[0],[-0.10000000000000001],[0.90000000000000002],[0.59999999999999998],[1.3999999999999999],[0.80000000000000004],[0.5],[1.3],[0.5],[0.40000000000000002],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0.40000000000000002],[1.1000000000000001],[-2.7999999999999998]],[[-0.5],[0.5],[0.29999999999999999],[0.29999999999999999],[0.29999999999999999],[0.69999999999999996],[0.40000000000000002],[0.80000000000000004],[0.80000000000000004],[0.69999999999999996],[0.59999999999999998],[0.5],[0.40000000000000002],[0.59999999999999998],[0.20000000000000001],[1],[1.1000000000000001],[0.59999999999999998],[0.59999999999999998],[0.40000000000000002],[0.40000000000000002],[0.80000000000000004],[1.2],[0.10000000000000001],[0.90000000000000002],[0.29999999999999999],[0.5],[0.59999999999999998],[0.5],[0.10000000000000001],[0.5],[-2.5],[-17.600000000000001]]]

[]

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Dwelling investment continues to decline

Investment in new and used dwellings fell 7.3% in the quarter due to weakened demand and COVID-19 restrictions, the largest fall since December 2000.

New and used dwelling investment, chain volume measures, seasonally adjusted
	Quarterly growth (%)	Through the year (%)
Jun-12	-3.0	-9.1
Sep-12	5.1	-1.2
Dec-12	3.4	3.4
Mar-13	1.9	7.4
Jun-13	1.2	12.0
Sep-13	1.3	7.9
Dec-13	1.1	5.5
Mar-14	3.5	7.2
Jun-14	3.8	9.9
Sep-14	0.7	9.3
Dec-14	5.3	13.9
Mar-15	6.1	16.7
Jun-15	-4.4	7.5
Sep-15	8.0	15.3
Dec-15	2.5	12.2
Mar-16	5.3	11.3
Jun-16	0.9	17.5
Sep-16	-0.9	7.8
Dec-16	2.6	8.0
Mar-17	-3.5	-1.1
Jun-17	-0.9	-2.8
Sep-17	1.7	-0.2
Dec-17	0.4	-2.4
Mar-18	2.4	3.6
Jun-18	3.9	8.7
Sep-18	-2.1	4.6
Dec-18	-2.0	2.0
Mar-19	-1.3	-1.7
Jun-19	-4.4	-9.6
Sep-19	-2.4	-9.8
Dec-19	-4.4	-12.0
Mar-20	-2.5	-13.1
Jun-20	-7.3	-15.7

New and used dwelling investment, chain volume measures, seasonally adjusted

["","Quarterly growth","Through the year"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[-3],[5.0999999999999996],[3.3999999999999999],[1.8999999999999999],[1.2],[1.3],[1.1000000000000001],[3.5],[3.7999999999999998],[0.69999999999999996],[5.2999999999999998],[6.0999999999999996],[-4.4000000000000004],[8],[2.5],[5.2999999999999998],[0.90000000000000002],[-0.90000000000000002],[2.6000000000000001],[-3.5],[-0.90000000000000002],[1.7],[0.40000000000000002],[2.3999999999999999],[3.8999999999999999],[-2.1000000000000001],[-2],[-1.3],[-4.4000000000000004],[-2.3999999999999999],[-4.4000000000000004],[-2.5],[-7.2999999999999998]],[[-9.0999999999999996],[-1.2],[3.3999999999999999],[7.4000000000000004],[12],[7.9000000000000004],[5.5],[7.2000000000000002],[9.9000000000000004],[9.3000000000000007],[13.9],[16.699999999999999],[7.5],[15.300000000000001],[12.199999999999999],[11.300000000000001],[17.5],[7.7999999999999998],[8],[-1.1000000000000001],[-2.7999999999999998],[-0.20000000000000001],[-2.3999999999999999],[3.6000000000000001],[8.6999999999999993],[4.5999999999999996],[2],[-1.7],[-9.5999999999999996],[-9.8000000000000007],[-12],[-13.1],[-15.699999999999999]]]

[]

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[{"axis_id":"0","tick_interval":"5","axis_min":"-20","axis_max":"20","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Net exports contributed 1.0 percentage point to GDP

The record fall in imports (-12.9%) was greater than the fall in exports (-6.7%). Imports of goods fell 2.4%, reflecting reduced imports of consumption and capital goods. Imports of services fell 50.5% with travel services falling 98.7% in response to travel bans. Exports of goods fell 3.5%, driven by falls in non-rural and rural goods due to a fall in global demand. Exports of services fell 18.4%, reflecting the travel bans.

Net exports, chain volume measures, seasonally adjusted - contributions to growth
	Net exports (ppt)	Imports (ppt)	Exports (ppt)
Jun-12	0.8	0.0	0.9
Sep-12	0.1	-0.1	0.2
Dec-12	0.1	-0.1	0.2
Mar-13	0.8	0.8	0.0
Jun-13	0.1	-0.7	1.0
Sep-13	0.4	0.4	-0.1
Dec-13	0.4	0.1	0.3
Mar-14	1.1	0.5	0.6
Jun-14	-0.5	-0.5	0.1
Sep-14	0.4	-0.1	0.5
Dec-14	0.7	0.3	0.4
Mar-15	0.3	-0.4	0.8
Jun-15	-0.8	-0.1	-0.8
Sep-15	1.1	0.1	1.0
Dec-15	0.1	0.0	0.2
Mar-16	1.0	0.6	0.4
Jun-16	-0.2	-0.4	0.2
Sep-16	0.1	-0.2	0.3
Dec-16	0.2	-0.5	0.7
Mar-17	-1.0	-0.6	-0.4
Jun-17	0.5	-0.1	0.5
Sep-17	-0.2	-0.6	0.4
Dec-17	-0.7	-0.3	-0.4
Mar-18	0.5	-0.3	0.9
Jun-18	0.0	-0.2	0.2
Sep-18	0.5	0.3	0.2
Dec-18	-0.1	0.0	-0.1
Mar-19	0.3	0.0	0.3
Jun-19	0.6	0.1	0.4
Sep-19	0.2	0.1	0.1
Dec-19	-0.1	0.0	0.0
Mar-20	0.4	1.4	-1.0
Jun-20	1.0	2.5	-1.4

Net exports, chain volume measures, seasonally adjusted - contributions to growth

["","Net exports","Imports","Exports"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[0.80000000000000004],[0.10000000000000001],[0.10000000000000001],[0.80000000000000004],[0.10000000000000001],[0.40000000000000002],[0.40000000000000002],[1.1000000000000001],[-0.5],[0.40000000000000002],[0.69999999999999996],[0.29999999999999999],[-0.80000000000000004],[1.1000000000000001],[0.10000000000000001],[1],[-0.20000000000000001],[0.10000000000000001],[0.20000000000000001],[-1],[0.5],[-0.20000000000000001],[-0.69999999999999996],[0.5],[0],[0.5],[-0.10000000000000001],[0.29999999999999999],[0.59999999999999998],[0.20000000000000001],[-0.10000000000000001],[0.40000000000000002],[1]],[[0],[-0.10000000000000001],[-0.10000000000000001],[0.80000000000000004],[-0.69999999999999996],[0.40000000000000002],[0.10000000000000001],[0.5],[-0.5],[-0.10000000000000001],[0.29999999999999999],[-0.40000000000000002],[-0.10000000000000001],[0.10000000000000001],[0],[0.59999999999999998],[-0.40000000000000002],[-0.20000000000000001],[-0.5],[-0.59999999999999998],[-0.10000000000000001],[-0.59999999999999998],[-0.29999999999999999],[-0.29999999999999999],[-0.20000000000000001],[0.29999999999999999],[0],[0],[0.10000000000000001],[0.10000000000000001],[0],[1.3999999999999999],[2.5]],[[0.90000000000000002],[0.20000000000000001],[0.20000000000000001],[0],[1],[-0.10000000000000001],[0.29999999999999999],[0.59999999999999998],[0.10000000000000001],[0.5],[0.40000000000000002],[0.80000000000000004],[-0.80000000000000004],[1],[0.20000000000000001],[0.40000000000000002],[0.20000000000000001],[0.29999999999999999],[0.69999999999999996],[-0.40000000000000002],[0.5],[0.40000000000000002],[-0.40000000000000002],[0.90000000000000002],[0.20000000000000001],[0.20000000000000001],[-0.10000000000000001],[0.29999999999999999],[0.40000000000000002],[0.10000000000000001],[0],[-1],[-1.3999999999999999]]]

[]

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Record falls in gross value added across most industries

Gross value added fell 6.5% in the quarter with falls in 15 of the 19 industries. Record falls were observed in hospitality and tourism related industries due to impact the COVID-19 pandemic and associated restrictions.

Gross domestic product, contributions to growth - volume measures, seasonally adjusted
	Contribution to quarterly growth (ppt)	Contribution to through the year growth (ppt)
Agriculture, Forestry and Fishing	0.0	-0.1
Mining	0.0	0.1
Manufacturing	-0.5	-0.3
Electricity, Gas, Water and Waste Services	0.0	-0.1
Construction	-0.6	-0.7
Wholesale Trade	-0.2	-0.2
Retail Trade	-0.2	-0.1
Accommodation and Food Services	-0.8	-1.0
Transport, Postal and Warehousing	-0.9	-1.1
Information Media and Telecommunications	-0.2	-0.2
Financial and Insurance Services	0.1	0.3
Rental, Hiring and Real Estate Services	-0.5	-0.4
Professional, Scientific and Technical Services	-0.4	-0.3
Administrative and Support Services	-0.7	-0.8
Public Administration and Safety	0.0	0.3
Education and Training	0.0	0.1
Health Care and Social Assistance	-0.6	-0.3
Arts and Recreation Services	-0.2	-0.2
Other Services	-0.3	-0.4
Taxes less subsidies on products	-1.0	-1.0

Gross domestic product, contributions to growth - volume measures, seasonally adjusted

["","Contribution to quarterly growth","Contribution to through the year growth"]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other Services","Taxes less subsidies on products"],[[0],[0],[-0.5],[0],[-0.59999999999999998],[-0.20000000000000001],[-0.20000000000000001],[-0.80000000000000004],[-0.90000000000000002],[-0.20000000000000001],[0.10000000000000001],[-0.5],[-0.40000000000000002],[-0.69999999999999996],[0],[0],[-0.59999999999999998],[-0.20000000000000001],[-0.29999999999999999],[-1]],[[-0.10000000000000001],[0.10000000000000001],[-0.29999999999999999],[-0.10000000000000001],[-0.69999999999999996],[-0.20000000000000001],[-0.10000000000000001],[-1],[-1.1000000000000001],[-0.20000000000000001],[0.29999999999999999],[-0.40000000000000002],[-0.29999999999999999],[-0.80000000000000004],[0.29999999999999999],[0.10000000000000001],[-0.29999999999999999],[-0.20000000000000001],[-0.40000000000000002],[-1]]]

[]

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[{"axis_id":"0","tick_interval":"0.2","axis_min":"-1.2","axis_max":".4","axis_title":"ppt","precision":"1","table_units":"(ppt)","tooltip_units":"(ppt)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Health care services records a fall

Health care and social assistance value added experienced its greatest fall since September 1997, down 7.9% in June quarter. The fall was driven by a decline in both private and public health services with reduced demand for medical aids, hospital services and allied health services as face to face visits to practitioners were limited.

Gross value added - Health care and social assistance, volume measures, seasonally adjusted
	Quarterly growth (%)	Through the year (%)
Jun-12	2.2	3.2
Sep-12	1.3	3.9
Dec-12	0.8	4.8
Mar-13	0.7	5.1
Jun-13	0.7	3.5
Sep-13	1.5	3.7
Dec-13	1.6	4.6
Mar-14	2.2	6.2
Jun-14	1.0	6.5
Sep-14	1.2	6.2
Dec-14	1.9	6.5
Mar-15	0.4	4.6
Jun-15	1.4	5.0
Sep-15	1.0	4.8
Dec-15	0.2	3.1
Mar-16	0.3	2.9
Jun-16	2.2	3.8
Sep-16	1.7	4.5
Dec-16	0.9	5.2
Mar-17	1.4	6.4
Jun-17	0.8	5.0
Sep-17	2.3	5.6
Dec-17	1.3	6.0
Mar-18	2.3	6.9
Jun-18	0.7	6.7
Sep-18	2.7	7.1
Dec-18	1.6	7.5
Mar-19	2.0	7.2
Jun-19	1.8	8.4
Sep-19	2.6	8.3
Dec-19	1.6	8.3
Mar-20	-0.1	6.1
Jun-20	-7.9	-4.1

Gross value added - Health care and social assistance, volume measures, seasonally adjusted

["","Quarterly growth","Through the year"]

[["Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[2.2000000000000002],[1.3],[0.80000000000000004],[0.69999999999999996],[0.69999999999999996],[1.5],[1.6000000000000001],[2.2000000000000002],[1],[1.2],[1.8999999999999999],[0.40000000000000002],[1.3999999999999999],[1],[0.20000000000000001],[0.29999999999999999],[2.2000000000000002],[1.7],[0.90000000000000002],[1.3999999999999999],[0.80000000000000004],[2.2999999999999998],[1.3],[2.2999999999999998],[0.69999999999999996],[2.7000000000000002],[1.6000000000000001],[2],[1.8],[2.6000000000000001],[1.6000000000000001],[-0.10000000000000001],[-7.9000000000000004]],[[3.2000000000000002],[3.8999999999999999],[4.7999999999999998],[5.0999999999999996],[3.5],[3.7000000000000002],[4.5999999999999996],[6.2000000000000002],[6.5],[6.2000000000000002],[6.5],[4.5999999999999996],[5],[4.7999999999999998],[3.1000000000000001],[2.8999999999999999],[3.7999999999999998],[4.5],[5.2000000000000002],[6.4000000000000004],[5],[5.5999999999999996],[6],[6.9000000000000004],[6.7000000000000002],[7.0999999999999996],[7.5],[7.2000000000000002],[8.4000000000000004],[8.3000000000000007],[8.3000000000000007],[6.0999999999999996],[-4.0999999999999996]]]

[]

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[{"axis_id":"0","tick_interval":"2","axis_min":"-10","axis_max":"10","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Household saving ratio driven by record fall in household consumption

The household saving to income ratio rose to 19.8%, the highest rate since June 1974. This was driven by the record fall in consumption. Gross disposable income rose 2.2%, driven by an historic 41.6% increase in social assistance benefits, due to both an increase in the number of recipients and additional COVID-19 support payments.

Household saving ratio, seasonally adjusted
	Household saving ratio (%)
Jun-04	2.1
Sep-04	-0.2
Dec-04	0.9
Mar-05	1.9
Jun-05	2.2
Sep-05	1.7
Dec-05	0.7
Mar-06	0.4
Jun-06	-1.2
Sep-06	1.4
Dec-06	1.5
Mar-07	0.8
Jun-07	2.2
Sep-07	1.0
Dec-07	1.6
Mar-08	3.2
Jun-08	4.3
Sep-08	5.3
Dec-08	10.9
Mar-09	8.5
Jun-09	9.9
Sep-09	6.5
Dec-09	6.7
Mar-10	7.4
Jun-10	6.4
Sep-10	7.4
Dec-10	8.6
Mar-11	9.2
Jun-11	8.3
Sep-11	8.8
Dec-11	9.9
Mar-12	7.9
Jun-12	9.0
Sep-12	6.2
Dec-12	7.5
Mar-13	8.1
Jun-13	7.9
Sep-13	7.3
Dec-13	7.9
Mar-14	7.9
Jun-14	8.4
Sep-14	8.2
Dec-14	8.3
Mar-15	7.6
Jun-15	7.9
Sep-15	7.1
Dec-15	5.7
Mar-16	5.6
Jun-16	5.9
Sep-16	5.7
Dec-16	5.1
Mar-17	5.4
Jun-17	4.4
Sep-17	4.1
Dec-17	4.3
Mar-18	3.9
Jun-18	3.3
Sep-18	2.9
Dec-18	3.1
Mar-19	3.4
Jun-19	2.5
Sep-19	4.8
Dec-19	3.6
Mar-20	6.0
Jun-20	19.8

Household saving ratio, seasonally adjusted

["","Household saving ratio"]

[["Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[2.1000000000000001],[-0.20000000000000001],[0.90000000000000002],[1.8999999999999999],[2.2000000000000002],[1.7],[0.69999999999999996],[0.40000000000000002],[-1.2],[1.3999999999999999],[1.5],[0.80000000000000004],[2.2000000000000002],[1],[1.6000000000000001],[3.2000000000000002],[4.2999999999999998],[5.2999999999999998],[10.9],[8.5],[9.9000000000000004],[6.5],[6.7000000000000002],[7.4000000000000004],[6.4000000000000004],[7.4000000000000004],[8.5999999999999996],[9.1999999999999993],[8.3000000000000007],[8.8000000000000007],[9.9000000000000004],[7.9000000000000004],[9],[6.2000000000000002],[7.5],[8.0999999999999996],[7.9000000000000004],[7.2999999999999998],[7.9000000000000004],[7.9000000000000004],[8.4000000000000004],[8.1999999999999993],[8.3000000000000007],[7.5999999999999996],[7.9000000000000004],[7.0999999999999996],[5.7000000000000002],[5.5999999999999996],[5.9000000000000004],[5.7000000000000002],[5.0999999999999996],[5.4000000000000004],[4.4000000000000004],[4.0999999999999996],[4.2999999999999998],[3.8999999999999999],[3.2999999999999998],[2.8999999999999999],[3.1000000000000001],[3.3999999999999999],[2.5],[4.7999999999999998],[3.6000000000000001],[6],[19.800000000000001]]]

[]

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[{"axis_id":"0","tick_interval":"5","axis_min":"-5","axis_max":"25","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Household income growth, contribution to growth in non-labour income - current prices, seasonally adjusted
	Total non-labour income (ppt)	Unincorporated profits (ppt)	Social assistance benefits (ppt)	Non-life insurance claims (ppt)	Other (ppt)
Jun-13	0.2	-0.1	0.1	-0.6	0.8
Sep-13	1.1	0.2	0.3	0.3	0.4
Dec-13	2.1	0.8	0.5	0.1	0.7
Mar-14	1.1	0.2	0.3	0.0	0.6
Jun-14	2.0	0.9	0.5	0.0	0.6
Sep-14	1.5	0.8	-0.1	0.0	0.9
Dec-14	1.8	1.0	0.1	0.6	0.1
Mar-15	0.6	0.4	0.1	-0.3	0.4
Jun-15	1.3	0.1	-0.1	0.7	0.7
Sep-15	-0.1	0.3	0.5	-0.6	-0.3
Dec-15	-1.0	-1.1	-0.5	0.3	0.3
Mar-16	0.2	-0.6	0.4	-0.1	0.6
Jun-16	1.9	1.8	0.0	0.1	0.0
Sep-16	-0.4	-0.2	0.0	-0.1	-0.1
Dec-16	1.2	1.6	-0.3	-0.1	-0.1
Mar-17	1.9	0.6	-0.3	1.2	0.3
Jun-17	-1.3	-0.8	0.1	-1.1	0.5
Sep-17	0.4	-0.5	0.1	0.1	0.7
Dec-17	1.0	0.2	0.1	0.2	0.5
Mar-18	0.6	0.3	-0.2	0.0	0.5
Jun-18	1.0	0.8	-0.2	0.0	0.5
Sep-18	0.1	-0.5	0.0	0.1	0.5
Dec-18	1.3	-0.3	0.1	0.7	0.8
Mar-19	0.3	-0.1	0.1	0.1	0.3
Jun-19	-0.5	-0.2	0.2	-0.6	0.2
Sep-19	0.3	-0.2	0.0	0.1	0.3
Dec-19	0.4	-0.1	-0.1	0.6	0.1
Mar-20	1.8	-0.1	1.2	0.8	-0.1
Jun-20	4.6	4.5	7.9	-1.6	-6.2

Household income growth, contribution to growth in non-labour income - current prices, seasonally adjusted

["","Total non-labour income","Unincorporated profits","Social assistance benefits","Non-life insurance claims","Other"]

[["Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[0.20000000000000001],[1.1000000000000001],[2.1000000000000001],[1.1000000000000001],[2],[1.5],[1.8],[0.59999999999999998],[1.3],[-0.10000000000000001],[-1],[0.20000000000000001],[1.8999999999999999],[-0.40000000000000002],[1.2],[1.8999999999999999],[-1.3],[0.40000000000000002],[1],[0.59999999999999998],[1],[0.10000000000000001],[1.3],[0.29999999999999999],[-0.5],[0.29999999999999999],[0.40000000000000002],[1.8],[4.5999999999999996]],[[-0.10000000000000001],[0.20000000000000001],[0.80000000000000004],[0.20000000000000001],[0.90000000000000002],[0.80000000000000004],[1],[0.40000000000000002],[0.10000000000000001],[0.29999999999999999],[-1.1000000000000001],[-0.59999999999999998],[1.8],[-0.20000000000000001],[1.6000000000000001],[0.59999999999999998],[-0.80000000000000004],[-0.5],[0.20000000000000001],[0.29999999999999999],[0.80000000000000004],[-0.5],[-0.29999999999999999],[-0.10000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.10000000000000001],[-0.10000000000000001],[4.5]],[[0.10000000000000001],[0.29999999999999999],[0.5],[0.29999999999999999],[0.5],[-0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[-0.10000000000000001],[0.5],[-0.5],[0.40000000000000002],[0],[0],[-0.29999999999999999],[-0.29999999999999999],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[-0.20000000000000001],[-0.20000000000000001],[0],[0.10000000000000001],[0.10000000000000001],[0.20000000000000001],[0],[-0.10000000000000001],[1.2],[7.9000000000000004]],[[-0.59999999999999998],[0.29999999999999999],[0.10000000000000001],[0],[0],[0],[0.59999999999999998],[-0.29999999999999999],[0.69999999999999996],[-0.59999999999999998],[0.29999999999999999],[-0.10000000000000001],[0.10000000000000001],[-0.10000000000000001],[-0.10000000000000001],[1.2],[-1.1000000000000001],[0.10000000000000001],[0.20000000000000001],[0],[0],[0.10000000000000001],[0.69999999999999996],[0.10000000000000001],[-0.59999999999999998],[0.10000000000000001],[0.59999999999999998],[0.80000000000000004],[-1.6000000000000001]],[[0.80000000000000004],[0.40000000000000002],[0.69999999999999996],[0.59999999999999998],[0.59999999999999998],[0.90000000000000002],[0.10000000000000001],[0.40000000000000002],[0.69999999999999996],[-0.29999999999999999],[0.29999999999999999],[0.59999999999999998],[0],[-0.10000000000000001],[-0.10000000000000001],[0.29999999999999999],[0.5],[0.69999999999999996],[0.5],[0.5],[0.5],[0.5],[0.80000000000000004],[0.29999999999999999],[0.20000000000000001],[0.29999999999999999],[0.10000000000000001],[-0.10000000000000001],[-6.2000000000000002]]]

[]

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Record fall in compensation of employees

Compensation of employees fell a record 2.5% this quarter. Average compensation per employee rose an 3.1% this quarter reflecting a compositional shift in the work force with reduced employment in part-time and lower paid jobs.

Compensation of employees and employment, current prices, seasonally adjusted
	Compensation of employees (%)	Average compensation per employee (%)	Employment (%)
Jun-10	2.8	2.5	0.3
Sep-10	2.3	1.5	0.9
Dec-10	2.2	1.4	0.8
Mar-11	2.0	1.4	0.5
Jun-11	1.8	1.4	-0.1
Sep-11	1.7	1.1	0.3
Dec-11	1.0	0.8	0.2
Mar-12	2.3	2.0	0.5
Jun-12	0.8	0.0	0.3
Sep-12	-0.2	-0.8	0.2
Dec-12	1.4	0.9	0.2
Mar-13	0.5	0.4	0.6
Jun-13	0.8	0.5	0.1
Sep-13	0.6	0.6	0.0
Dec-13	1.4	1.5	-0.1
Mar-14	0.8	0.5	0.4
Jun-14	0.8	0.6	0.3
Sep-14	0.8	0.8	0.2
Dec-14	0.5	0.1	0.1
Mar-15	0.3	-0.4	0.8
Jun-15	1.0	0.5	0.5
Sep-15	0.9	0.6	0.5
Dec-15	0.8	0.0	1.0
Mar-16	1.0	0.6	0.3
Jun-16	0.3	-0.2	0.2
Sep-16	1.1	0.6	0.2
Dec-16	-0.2	-0.6	0.3
Mar-17	1.0	0.5	0.6
Jun-17	1.2	0.4	1.0
Sep-17	1.3	0.4	0.9
Dec-17	1.4	0.4	0.8
Mar-18	1.1	0.5	0.7
Jun-18	0.8	-0.1	0.3
Sep-18	1.2	0.5	0.6
Dec-18	0.9	0.5	0.7
Mar-19	1.4	0.8	0.5
Jun-19	1.4	0.8	0.6
Sep-19	1.2	0.9	0.5
Dec-19	1.0	0.7	0.2
Mar-20	0.7	-0.2	0.4
Jun-20	-2.5	3.1	-5.4

Compensation of employees and employment, current prices, seasonally adjusted

["","Compensation of employees","Average compensation per employee","Employment"]

[["Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[2.7999999999999998],[2.2999999999999998],[2.2000000000000002],[2],[1.8],[1.7],[1],[2.2999999999999998],[0.80000000000000004],[-0.20000000000000001],[1.3999999999999999],[0.5],[0.80000000000000004],[0.59999999999999998],[1.3999999999999999],[0.80000000000000004],[0.80000000000000004],[0.80000000000000004],[0.5],[0.29999999999999999],[1],[0.90000000000000002],[0.80000000000000004],[1],[0.29999999999999999],[1.1000000000000001],[-0.20000000000000001],[1],[1.2],[1.3],[1.3999999999999999],[1.1000000000000001],[0.80000000000000004],[1.2],[0.90000000000000002],[1.3999999999999999],[1.3999999999999999],[1.2],[1],[0.69999999999999996],[-2.5]],[[2.5],[1.5],[1.3999999999999999],[1.3999999999999999],[1.3999999999999999],[1.1000000000000001],[0.80000000000000004],[2],[0],[-0.80000000000000004],[0.90000000000000002],[0.40000000000000002],[0.5],[0.59999999999999998],[1.5],[0.5],[0.59999999999999998],[0.80000000000000004],[0.10000000000000001],[-0.40000000000000002],[0.5],[0.59999999999999998],[0],[0.59999999999999998],[-0.20000000000000001],[0.59999999999999998],[-0.59999999999999998],[0.5],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.5],[-0.10000000000000001],[0.5],[0.5],[0.80000000000000004],[0.80000000000000004],[0.90000000000000002],[0.69999999999999996],[-0.20000000000000001],[3.1000000000000001]],[[0.29999999999999999],[0.90000000000000002],[0.80000000000000004],[0.5],[-0.10000000000000001],[0.29999999999999999],[0.20000000000000001],[0.5],[0.29999999999999999],[0.20000000000000001],[0.20000000000000001],[0.59999999999999998],[0.10000000000000001],[0],[-0.10000000000000001],[0.40000000000000002],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[0.80000000000000004],[0.5],[0.5],[1],[0.29999999999999999],[0.20000000000000001],[0.20000000000000001],[0.29999999999999999],[0.59999999999999998],[1],[0.90000000000000002],[0.80000000000000004],[0.69999999999999996],[0.29999999999999999],[0.59999999999999998],[0.69999999999999996],[0.5],[0.59999999999999998],[0.5],[0.20000000000000001],[0.40000000000000002],[-5.4000000000000004]]]

[]

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[{"axis_id":"0","tick_interval":"1","axis_min":"-6","axis_max":"4","axis_title":"%","precision":"1","table_units":"(%)","tooltip_units":"(%)","axis_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

Profit share of total factor income reached record high

Government support to business through payment of subsidies resulted in a strong rise in profits. The COE share of total factor income fell below 50%, the first time since September quarter 1959.

Total factor income, contributions to growth - current prices, seasonally adjusted (ppt)
	GDP	Compensation of employees	Gross operating surplus	Gross mixed income	Taxes less subsidies on production and imports	Statistical discrepancy
Jun-18	1.1	0.4	0.2	0.3	0.1	0.1
Sep-18	1.0	0.6	0.7	-0.2	0.1	-0.1
Dec-18	1.2	0.4	1.0	-0.1	0.0	-0.1
Mar-19	1.6	0.7	0.7	0.0	-0.1	0.3
Jun-19	1.5	0.6	0.6	-0.1	0.3	0.0
Sep-19	1.1	0.6	0.5	-0.1	0.1	0.0
Dec-19	-0.2	0.5	-0.3	0.0	-0.1	-0.2
Mar-20	0.9	0.3	0.4	0.0	0.2	0.1
Jun-20	-7.6	-1.2	2.9	1.6	-11.1	0.1

Total factor income, contributions to growth - current prices, seasonally adjusted (ppt)

["","GDP","Compensation of employees","Gross operating surplus","Gross mixed income","Taxes less subsidies on production and imports","Statistical discrepancy"]

[["Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20"],[[1.1000000000000001],[1],[1.2],[1.6000000000000001],[1.5],[1.1000000000000001],[-0.20000000000000001],[0.90000000000000002],[-7.5999999999999996]],[[0.40000000000000002],[0.59999999999999998],[0.40000000000000002],[0.69999999999999996],[0.59999999999999998],[0.59999999999999998],[0.5],[0.29999999999999999],[-1.2]],[[0.20000000000000001],[0.69999999999999996],[1],[0.69999999999999996],[0.59999999999999998],[0.5],[-0.29999999999999999],[0.40000000000000002],[2.8999999999999999]],[[0.29999999999999999],[-0.20000000000000001],[-0.10000000000000001],[0],[-0.10000000000000001],[-0.10000000000000001],[0],[0],[1.6000000000000001]],[[0.10000000000000001],[0.10000000000000001],[0],[-0.10000000000000001],[0.29999999999999999],[0.10000000000000001],[-0.10000000000000001],[0.20000000000000001],[-11.1]],[[0.10000000000000001],[-0.10000000000000001],[-0.10000000000000001],[0.29999999999999999],[0],[0],[-0.20000000000000001],[0.10000000000000001],[0.10000000000000001]]]

[]

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COE and profits share of total factor income, seasonally adjusted
	Compensation of employees share of total factor income (%)	Profits share of total factor income (%)
Sep-59	49.8	18.5
Dec-59	50.0	19.0
Mar-60	50.9	19.3
Jun-60	50.9	18.5
Sep-60	51.2	20.0
Dec-60	51.7	19.0
Mar-61	51.5	17.5
Jun-61	52.5	16.8
Sep-61	52.9	17.6
Dec-61	52.6	18.6
Mar-62	52.2	19.8
Jun-62	51.8	19.7
Sep-62	51.6	19.4
Dec-62	51.3	19.5
Mar-63	51.5	20.2
Jun-63	51.7	19.3
Sep-63	50.2	20.3
Dec-63	51.1	20.0
Mar-64	50.6	20.4
Jun-64	51.0	20.6
Sep-64	51.4	20.4
Dec-64	52.6	20.2
Mar-65	52.2	20.1
Jun-65	52.6	20.9
Sep-65	53.9	20.1
Dec-65	54.0	19.8
Mar-66	55.0	19.1
Jun-66	54.2	19.6
Sep-66	53.9	19.3
Dec-66	53.2	19.8
Mar-67	52.6	20.1
Jun-67	53.5	19.9
Sep-67	54.4	20.0
Dec-67	53.6	20.2
Mar-68	54.1	21.3
Jun-68	54.2	20.8
Sep-68	53.2	21.1
Dec-68	53.2	20.5
Mar-69	53.8	21.2
Jun-69	53.9	21.3
Sep-69	53.1	21.7
Dec-69	53.0	21.8
Mar-70	53.7	21.8
Jun-70	53.1	22.0
Sep-70	54.4	22.1
Dec-70	55.5	21.1
Mar-71	56.6	20.7
Jun-71	56.3	20.4
Sep-71	55.9	20.9
Dec-71	55.9	20.8
Mar-72	56.7	20.1
Jun-72	56.5	20.3
Sep-72	56.4	20.5
Dec-72	56.0	20.9
Mar-73	55.2	21.1
Jun-73	56.3	20.8
Sep-73	54.5	20.4
Dec-73	56.3	19.4
Mar-74	57.9	19.1
Jun-74	59.1	16.4
Sep-74	62.7	16.4
Dec-74	62.4	17.2
Mar-75	62.8	16.3
Jun-75	61.2	18.4
Sep-75	62.3	16.9
Dec-75	62.0	17.2
Mar-76	61.6	17.0
Jun-76	61.3	18.3
Sep-76	60.9	18.6
Dec-76	60.5	18.3
Mar-77	60.7	18.0
Jun-77	61.3	17.8
Sep-77	61.0	17.9
Dec-77	61.5	17.3
Mar-78	61.1	17.7
Jun-78	60.6	18.3
Sep-78	58.9	18.2
Dec-78	58.1	18.7
Mar-79	58.5	18.7
Jun-79	57.6	18.3
Sep-79	57.3	19.0
Dec-79	57.3	19.4
Mar-80	57.2	19.1
Jun-80	56.9	19.3
Sep-80	58.3	18.7
Dec-80	57.6	19.6
Mar-81	57.8	20.0
Jun-81	58.9	19.3
Sep-81	58.0	20.0
Dec-81	58.7	19.4
Mar-82	60.1	18.4
Jun-82	60.4	18.6
Sep-82	61.9	18.3
Dec-82	61.4	19.3
Mar-83	60.8	19.6
Jun-83	59.2	20.9
Sep-83	57.1	21.3
Dec-83	57.4	21.5
Mar-84	56.4	22.6
Jun-84	57.2	22.2
Sep-84	57.5	22.0
Dec-84	57.4	22.0
Mar-85	56.7	22.4
Jun-85	56.7	22.5
Sep-85	55.9	23.4
Dec-85	57.3	21.2
Mar-86	57.1	21.8
Jun-86	56.8	21.8
Sep-86	57.6	21.3
Dec-86	56.1	22.6
Mar-87	55.8	23.1
Jun-87	55.2	23.7
Sep-87	55.1	24.2
Dec-87	54.8	24.6
Mar-88	54.1	24.4
Jun-88	54.3	24.7
Sep-88	53.3	25.0
Dec-88	54.2	24.4
Mar-89	53.9	24.2
Jun-89	53.7	24.5
Sep-89	54.5	24.2
Dec-89	54.5	23.8
Mar-90	55.1	23.4
Jun-90	55.7	22.7
Sep-90	56.2	22.4
Dec-90	54.7	23.3
Mar-91	56.6	22.2
Jun-91	56.0	21.5
Sep-91	55.9	22.8
Dec-91	55.9	22.9
Mar-92	55.0	23.7
Jun-92	55.4	23.4
Sep-92	55.4	23.0
Dec-92	54.4	24.4
Mar-93	54.4	24.4
Jun-93	54.0	25.5
Sep-93	54.0	25.2
Dec-93	53.9	25.3
Mar-94	54.2	25.6
Jun-94	54.9	24.7
Sep-94	54.3	25.5
Dec-94	54.5	25.4
Mar-95	54.9	25.3
Jun-95	55.3	24.9
Sep-95	55.0	25.3
Dec-95	55.2	25.3
Mar-96	55.0	25.3
Jun-96	55.3	24.9
Sep-96	55.9	24.6
Dec-96	56.1	23.8
Mar-97	56.1	23.6
Jun-97	55.8	24.0
Sep-97	55.1	24.3
Dec-97	55.0	24.1
Mar-98	54.9	24.6
Jun-98	55.1	24.2
Sep-98	55.8	24.1
Dec-98	55.3	24.6
Mar-99	55.2	24.9
Jun-99	56.1	24.0
Sep-99	55.5	24.1
Dec-99	55.3	25.0
Mar-00	54.6	25.9
Jun-00	54.6	26.3
Sep-00	54.6	26.4
Dec-00	55.7	25.7
Mar-01	55.6	25.5
Jun-01	56.2	24.4
Sep-01	55.0	24.9
Dec-01	54.3	24.7
Mar-02	54.5	24.7
Jun-02	54.1	24.7
Sep-02	54.5	25.7
Dec-02	54.3	26.3
Mar-03	54.7	26.1
Jun-03	55.1	26.2
Sep-03	54.4	26.2
Dec-03	54.0	26.2
Mar-04	54.3	25.8
Jun-04	54.2	25.4
Sep-04	54.3	25.4
Dec-04	54.2	25.6
Mar-05	54.0	25.9
Jun-05	54.3	25.5
Sep-05	53.7	26.5
Dec-05	53.5	27.1
Mar-06	53.7	27.0
Jun-06	54.0	26.8
Sep-06	53.2	27.7
Dec-06	53.7	27.9
Mar-07	53.6	27.9
Jun-07	54.2	27.1
Sep-07	54.3	26.7
Dec-07	54.1	26.6
Mar-08	53.7	26.6
Jun-08	53.3	27.3
Sep-08	51.8	29.4
Dec-08	51.9	28.8
Mar-09	51.5	29.4
Jun-09	52.2	28.1
Sep-09	52.8	27.3
Dec-09	52.4	27.6
Mar-10	52.4	27.5
Jun-10	51.7	29.0
Sep-10	52.1	28.6
Dec-10	52.0	28.7
Mar-11	52.9	27.6
Jun-11	52.1	28.7
Sep-11	51.7	29.3
Dec-11	52.1	28.8
Mar-12	53.3	27.9
Jun-12	53.3	27.8
Sep-12	53.1	27.8
Dec-12	53.5	27.4
Mar-13	53.4	27.4
Jun-13	53.1	27.7
Sep-13	53.2	27.6
Dec-13	53.0	27.8
Mar-14	53.1	27.5
Jun-14	53.4	26.9
Sep-14	53.8	26.0
Dec-14	53.7	25.8
Mar-15	53.8	25.5
Jun-15	54.1	25.1
Sep-15	54.2	24.9
Dec-15	54.6	24.9
Mar-16	55.2	24.6
Jun-16	54.6	24.6
Sep-16	54.2	25.2
Dec-16	52.2	27.2
Mar-17	51.7	27.8
Jun-17	52.4	27.3
Sep-17	52.6	27.4
Dec-17	52.8	27.3
Mar-18	52.4	27.8
Jun-18	52.3	27.7
Sep-18	52.3	28.1
Dec-18	52.0	28.6
Mar-19	52.0	28.9
Jun-19	52.0	29.2
Sep-19	52.0	29.4
Dec-19	52.5	28.9
Mar-20	52.5	29.0
Jun-20	49.4	31.1

COE and profits share of total factor income, seasonally adjusted

["","Compensation of employees share of total factor income","Profits share of total factor income"]

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[]

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Expenditure chain volume measures

			Seasonally adjusted
			% Change	% Change	% points contribution to growth in GDP
			Mar 20 to Jun 20	Jun 19 to Jun 20	Mar 20 to Jun 20
Final consumption expenditure
	General government		2.9	7.5	0.6
	Households		-12.1	-12.7	-6.7
	Total final consumption expenditure		-8.1	-7.5	-6.1
Gross fixed capital formation
	Private
		Dwellings	-6.8	-11.2	-0.4
		Ownership transfer costs	-18.5	-4.2	-0.3
		Non-dwelling construction	-3.1	-1.7	-0.2
		Machinery and equipment	-6.9	-14.0	-0.3
		Cultivated biological resources	3.8	-2.8	-
		Intellectual property products	-6.0	-2.3	-0.1
	Public		1.0	1.8	0.1
	Total gross fixed capital formation		-4.9	-5.5	-1.1
Changes in inventories			na	na	-0.6
Gross national expenditure			-8.0	-7.7	-7.8
Exports of goods and services			-6.7	-10.6	-1.4
Imports of goods and services			-12.9	-19.1	2.5
Statistical discrepancy (E)			na	na	-0.2
Gross domestic product			-7.0	-6.3	-7.0

- nil or rounded to zero (including null cells)
na not available

June quarter

Final consumption expenditure (FCE) -8.1%

Household FCE decreased 12.1%, this was driven by a:

56.1% fall in hotels, cafes and restaurants
85.9% fall in transport services
31.2% fall in other goods and services
15.3% fall in recreation and culture
20.2% fall in health

The decrease was partly offset by a:

9.5% rise in furnishings and household equipment
13.0% rise in alcoholic beverages

General government FCE contributed to growth with a rise of 2.9%, driven by a:

4.2% rise in state and local expenditure
6.0% rise in national defence expenditure
0.1% rise in national non-defence expenditure

Gross fixed capital formation (GFCF) -4.9%

Private investment declined 6.5%, driven by a:

6.8% decrease in dwellings
18.5% decrease in ownership transfer costs
6.9% decrease in machinery and equipment

Public investment increased 1.0%, driven by a:

7.5% increase in state and local general government

Public corporations GFCF partly offset the rise, decreasing 7.2%.

Changes in inventories

Total inventories decreased $4,085m following a decrease of $1,261m last quarter. The largest contributors to the fall were a:

$2,911m decline in Retail trade inventories
$1,345m decline in Wholesale trade inventories
$425m decline in Manufacturing inventories

The decrease was partly offset by a:

$893m rise in Public authorities inventories

Exports and imports of goods and services

Exports of goods and services fell 6.7%, driven by a:

24.6% fall in travel services
8.3% fall in coal
46.6% fall in transportation services
13.1% fall in other manufactures nes

Imports of goods and services fell 12.9%, driven by a:

98.7% fall in travel services
46.4% fall in non-industrial transport equipment
32.9% fall in transportation services
15.0% fall in fuels and lubricants

Income at current prices

		Seasonally adjusted
		% Change Mar 20 to Jun 20	% Change Jun 19 to Jun 20	% points contribution to growth in GDP Mar 20 to Jun 20
Compensation of employees		-2.5	0.4	-1.2
Gross operating surplus
	Private non-financial corporations	14.9	16.3	2.9
	Other(a)	-	2.0	-
Gross mixed income		21.9	19.6	1.6
Taxes less subsidies on production and imports		-111.9	-112.1	-11.1
Statistical discrepancy (I)		na	na	0.1
Gross domestic product		-7.6	-5.9	-7.6

- nil or rounded to zero (including null cells)
na not available
a. Includes Public non-financial corporations Financial corporations General government and Dwellings owned by persons.

June quarter

Taxes less subsidies on production and imports -111.9%.

Taxes less subsidies on production and imports fell a record 111.9%, reflecting a large rise in subsidies, up $49.7 billion or 859.7%. The rise in subsidies was driven by JobKeeper and Boosting cash flow for employers policies.

Gross operating surplus (GOS) +8.2%

Private non-financial corporations GOS increased 14.9%, driven by a:

rise in Construction, Retail Trade and Professional, Scientific and Technical Services reflecting a large increase in subsidies received from government. Subsidy payments not utilised to cover labour costs or operating expenses were retained in profits.

Partly offset by a:

fall in Mining driven by reduced global demand and falls in commodity prices

Other sectors GOS was flat (0.0%), driven by a:

2.0% rise in public non-financial corporations
1.5% rise in general government
0.5% fall in financial corporations
0.3% fall in dwellings owned by persons

Compensation of employees (COE) -2.5%

Fourteen of nineteen industries recorded a fall, driven by a:

17.3% fall in Accommodation and Food Services, due to decreased demand following COVID-19 trading restrictions and social distancing, resulting in job losses and reduced hours
8.2% fall in Administrative and Support Services, due to decreased demand for labour hire firms and travel agencies

All states and territories recorded falls except the Australian Capital Territory. The largest decreases were a:

3.4% fall in Queensland
3.2% fall in Victoria

State compensation of employees, current prices, seasonally adjusted
	Quarterly (%)	Through the year (%)
NSW	-2.2	0.5
VIC	-3.2	-0.6
QLD	-3.4	-0.5
SA	-1.9	-1.4
WA	-2.1	1.7
TAS	-0.2	3.3
NT	-1.0	1.3
ACT	2.9	8.5

State compensation of employees, current prices, seasonally adjusted

["","Quarterly","Through the year"]

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Production chain volume measures

	Seasonally adjusted
	% Change	% Change	% points contribution to growth in GDP
	Mar 20 to Jun 20	Jun 19 to Jun 20	Mar 20 to Jun 20
Agriculture Forestry and Fishing	-1.9	-6.3	-
Mining	0.2	1.1	-
Manufacturing	-9.6	-6.1	-0.5
Electricity Gas Water and Waste Services	-1.5	-3.8	-
Construction	-8.2	-10.3	-0.6
Wholesale Trade	-5.9	-4.8	-0.2
Retail Trade	-4.5	-2.8	-0.2
Accommodation and Food Services	-39.0	-43.3	-0.8
Transport Postal and Warehousing	-21.5	-23.7	-0.9
Information Media and Telecommunications	-8.7	-7.5	-0.2
Financial and Insurance Services	0.7	3.0	0.1
Rental Hiring and Real Estate Services	-15.9	-14.7	-0.5
Professional Scientific and Technical Services	-6.2	-3.6	-0.4
Administrative and Support Services	-20.1	-23.2	-0.7
Public Administration and Safety	0.9	5.4	-
Education and Training	0.4	2.0	-
Health Care and Social Assistance	-7.9	-4.1	-0.6
Arts and Recreation Services	-22.6	-24.5	-0.2
Other Services	-18.5	-22.3	-0.3
Ownership of dwellings	0.6	2.4	-
Taxes less subsidies on products	-15.6	-15.9	-1.0
Statistical discrepancy (P)	na	na	0.1
Gross domestic product	-7.0	-6.3	-7.0

- nil or rounded to zero (including null cells)
na not available

June quarter

Agriculture, Forestry and Fishing -1.9%

This decrease was driven by:

2.2% fall in Agriculture with declined slaughter rates as herds were restocked
0.2% fall in Forestry and fishing

The result was partly offset by a fall in input costs.

Mining +0.2%

This increase was driven by a:

1.4% rise in Iron Ore Mining driven by increased global demand
2.5% rise in Other Mining due to strong production volumes in gold and copper following maintenance disruptions in the previous quarter

This was partly offset by a:

0.7% fall in both Coal Mining and Oil and Gas Extraction reflecting reduced global demand. Exports of coal (-8.3%) and other mineral fuels (-1.7%) declined.

Manufacturing -9.6%

This decrease was driven by a:

15.8% fall in Petroleum, Coal, Chemical and Rubber Product Manufacturing due to large falls in demand for aviation fuel and automotive petroleum
11.5% fall in Machinery and Equipment Manufacturing due to lower sales of gaming and transport equipment
7.3% fall in Food, Beverage and Tobacco Products Manufacturing was driven by reduced demand from the hospitality industry which was impacted by COVID-19 related restrictions

Construction -8.2%

The decline was driven by a:

12.9% fall in Construction Services due to restriction measures which led to reduced domestic demand
5.5% fall in Building Construction, with declines in both residential and non-residential building construction

Wholesale Trade -5.9%

The decrease was driven by:

Motor Vehicle and Motor Vehicle Parts Wholesaling reflecting the decline in expenditure on motor vehicles
Grocery, Liquor and Tobacco Wholesaling due to reduced demand from food and catering services as activity was impacted by COVID-19 restrictions

Accommodation and Food Services -39.0%

The decrease was driven by:

Food and Beverage Services due to pandemic containment measures resulting in venue closures and restrictions on operational capacity
Accommodation due to large falls in demand as a result of travel bans

This fall is the largest decline to be recorded in the history of National Accounts.

Transport, Postal and Warehousing -21.5%

The decrease was driven by a:

96.4% fall in Air and Space Transport due to restrictions on domestic and international travel
17.2% fall in Rail, Pipeline and Other Transport reflecting lower patronage on passenger rail services in capital cities
16.6% fall in Transport, Postal and Storage Services driven by reduced activities at airports and transit stations

Information Media and Telecommunications -8.7%

This fall was driven by a:

14.7% fall in Other Information and Media Services reflecting declines in cinema attendance as social distancing restrictions were introduced and cancellation of advertising campaigns

Financial and Insurance Services +0.7%

Finance rose 1.7% reflecting a significant rise in deposit balances as businesses and households increased liquidity in response to COVID-19. Businesses sourced additional funding through equity capital and debt issuance. Cash inflows from the early release of superannuation and social assistance payments strengthened household deposit accounts.

Rental, Hiring and Real Estate Services -15.9%

The decrease was driven by a:

18.1% fall in Property Operators and Real Estate Services due to the COVID-19 pandemic impacted auctions and open houses
2.1% fall in Rental and Hiring Services due to weaker demand for rental car hire and other tourism related rental services

Professional, Scientific and Technical Services -6.2%

The decrease was driven by a:

7.0% fall in Other Professional, Scientific and Technical Services due to reduced demand for advertising, accounting, legal, and consultancy services

Health Care and Social Assistance -7.9%

The fall was driven by a decline in both private and public health services with reduced demand for medical aids, hospital services and allied health services as face to face visits to practitioners were limited.

Arts and Recreation Services - 22.6%

The fall was broad based across the industry with unprecedented falls in heritage activities, gambling, performing arts and sports and recreation activities. This fall is the largest decline to be recorded in the history of National Accounts.

Other Services -18.5%

The fall was driven by Personal and Other Services due to COVID-19 related movement and trading restrictions. Personal services operated under restricted capacity while other services was driven by reduced demand for parking services at airports, office precincts and shopping centres.

State final demand chain volume measures

		Seasonally adjusted, % change from Mar 20 to Jun 20
		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.(a)
Final consumption expenditure
	General government	2.9	1.6	4.6	0.9	3.5	3.1	-0.3	4.4	2.9
	Households	-13.3	-13.7	-9.6	-9.9	-10.6	-12.5	-7.5	-11.6	-12.1
Gross fixed capital formation
	Private	-7.8	-7.3	-7.6	-3.1	-4.2	-3.3	-6.2	2.7	-6.5
	Public	-	9.9	-4.0	3.0	-1.7	-8.4	-9.3	-5.0	1.0
State final demand		-8.6	-8.5	-5.9	-5.8	-6.0	-7.4	-4.9	-2.2	-7.4

- nil or rounded to zero (including null cells)
a. Australia estimates relate to Domestic final demand.

June quarter

State final demand, quarterly volume measures - seasonally adjusted

Image

Description

The image is a map of Australia by state/territory showing quarterly volume measures; New South Wales' state final demand decreased 8.6% for the quarter. Victoria's state final demand decreased 8.5% for the quarter. Queensland's state final demand decreased 5.9% for the quarter. South Australia's state final demand decreased 5.8% for the quarter. Western Australia's state final demand decreased 6.0% for the quarter. Tasmania's state final demand decreased 7.4% for the quarter. Northern Territory's state final demand decreased 4.9% for the quarter. Australian Capital Territory's state final demand decreased 2.2% for the quarter.

New South Wales -8.6%

Total final consumption expenditure decreased 9.4%, due to a:

13.3% fall in household consumption reflecting decreased expenditure on hotels, cafes and restaurants, transport services, and recreation and culture

Partly offset by a:

2.9% increase in government consumption reflecting increased expenditure related to COVID-19 response policies and bushfire clean-up and repair

Private gross fixed capital formation decreased 7.8%, driven by a:

12.4% fall in total machinery and equipment due to reduced investment in transport and construction
7.6% fall in total dwellings reflecting lower investment in new houses and alterations and additions
24.2% fall in ownership transfer costs reflecting restrictions on auctions and open houses

Public gross fixed capital formation was flat, with a:

0.3% fall in general government investment due to lower national expenditure on defence

Offset by a:

1.4% rise in public non-financial corporations investment in state and local transport and utilities

Victoria -8.5%

Household final consumption expenditure decreased 13.7%, driven by a:

64.1% fall in hotels, cafes and restaurants reflecting COVID-19 social distancing restrictions
88.4% fall in transport services reflecting COVID-19 travel restrictions and reduced demand as people commenced working from home

Private gross fixed capital formation decreased 7.3%, driven by a:

7.0% fall in dwelling construction reflecting a fall in approvals and commencements in other residential dwellings
8.3% fall in non-dwelling construction reflecting sales of second hand assets to the public sector. Without these sales non-dwelling construction was relatively flat, with an increase in new building partly offset by a fall in new engineering construction.

Public gross fixed capital formation increased 9.9%, driven by a:

24.4% rise in state and local general government reflecting purchases of second hand assets as well as continued investment in rail and road infrastructure projects

Partially offset by a:

10.6% fall in national general government reflecting decreased investment by universities

Government final consumption expenditure increased 1.6%, driven by a:

2.8% rise in state and local expenditure with increased spending in response to the COVID-19 pandemic

Queensland -5.9%

Private gross fixed capital formation decreased 7.6%, due to a:

17.6% fall in machinery and equipment
7.1% fall in total dwelling construction with continued weakness in demand for dwellings

Total final consumption expenditure decreased 5.7% due to a:

9.6% fall in household consumption expenditure driven by a decline in spending on discretionary services

Partly offset by a:

4.6% rise in government consumption expenditure driven by increased state and local spending in response to the COVID-19 pandemic

Public gross fixed capital formation decreased 4.0%, driven by a:

12.8% decrease in national public non-financial corporation investment in infrastructure and state and local public non-financial corporation investment in buildings

South Australia -5.8%

Household final consumption expenditure decreased 9.9%, driven by a:

48.1% fall in hotels, cafes and restaurants with falls across all components reflecting the impacts of COVID-19 related restrictions
86.7% fall in transport services reflecting travel restrictions and increased working from home

Private gross fixed capital formation decreased 3.1%, driven by a:

15.5% fall in ownership transfer costs reflecting restrictions on auctions and open houses
2.4% fall in non-dwelling construction driven by new building construction, reflecting lower work done on aged care and accommodation projects

Government final consumption expenditure increased 0.9%, driven by a:

0.3% increase in state and local government consumption reflecting ongoing expenditure in response to COVID-19 impacts

Public gross fixed capital formation increased 3.0%, driven by a:

19.5% rise in state and local general government reflecting new commencements and continuation of rail and infrastructure projects

Western Australia -6.0%

Total final consumption expenditure decreased 6.8%, driven by a:

10.6% decrease in household consumption reflecting falls in hotels, cafes and restaurants, transport services, and recreation and culture

Partly offset by a:

3.5% increase in government consumption due to increased state and local and defence spending in response to the COVID-19 pandemic

Private gross fixed capital formation decreased 4.2%, due to a:

10.7% decrease in dwelling construction as work commenced remained at low levels
12.9 % decrease in intellectual property products with a fall in research and development

Partly offset by a:

3.9% rise in machinery and equipment reflecting increased mining investment

Public gross fixed capital formation decreased 1.7%, driven by a:

7.8% decrease in national general government as investment projects near completion
4.5% decrease in Commonwealth and state and local public non-financial corporations

Tasmania -7.4%

Household final consumption expenditure decreased 12.5%, driven by a:

62.7% fall in hotels, cafes and restaurants with falls across all components reflecting the impacts of COVID-19 restrictions
69.9% fall in transport due to travel restrictions

Public gross fixed capital formation decreased 8.4%, driven by a:

13.4% fall in state and local public non-financial corporations reflecting decreased investment in transport infrastructure
5.4% fall in state and local general government reflecting the recent completion of large infrastructure projects

Private gross fixed capital formation decreased 3.3%, driven by a:

20.5% fall in ownership transfer costs reflecting restrictions on auctions and open home viewings
3.4% fall in dwelling investment, levels of existing work on new houses remain high

Government final consumption expenditure increased 3.1%, driven by a:

4.4% increase in state and local general government due to increased spending on health and education in response to the COVID-19 pandemic

Northern Territory -4.9%

Total final consumption expenditure decreased 4.3% due to a:

7.5% fall in household consumption expenditure driven by reduced spending on hotels, cafes and restaurants and transport services
0.3% fall in government consumption expenditure reflecting decreased spending by state and local government

Public gross fixed capital formation decreased 9.3%, driven by a:

9.3% fall in national general government
3.7% fall in state and local general government as infrastructure projects near completion

Private gross fixed capital formation decreased 6.2%, driven by a:

34.9% fall in machinery and equipment reflecting continued low investment in the territory
13.3% fall in intellectual property products due to decreased mineral and petroleum exploration

Partly offset by a:

20.4% increase in dwellings reflecting an increase in alterations and additions driven by territory recovery policies

Australian Capital Territory -2.2%

Total final consumption expenditure decreased 2.7% due to a:

11.6% fall in household consumption expenditure driven by reduced spending on services including hotels, cafes and restaurants, transport and health.

Partly offset by a:

4.4% increase in government consumption expenditure reflecting increased employee expenses in response to the COVID-19 pandemic.

Public gross fixed capital formation decreased 5.0%, driven by a:

3.7% decrease in general government investment with falls in state and local and national non-defence investment
18.3% decrease in public non-financial corporations reflecting weakness in state and local public non-financial corporations investment as projects near completion

Private gross fixed capital formation increased 2.7%, driven by a:

8.4% increase in non-dwelling construction as a result of a rise in new building construction
19.0% increase in machinery and equipment reflecting the increased purchase of vehicles and office equipment by businesses

Recent and upcoming releases

Assets and Liabilities of Australian Securitisers (cat. no. 5232.0.55.001)

The June quarter 2020 issue of Assets and Liabilities of Australian Securitisers will be released on 3 September 2020. Securitisers issue short and/or long term securities against specifically matched assets and use the cash flows from the pool of assets to service the interest payments on the issued securities. This publication provides information on the assets and liabilities of these financial institutions.

Australian National Accounts: Finance and Wealth (cat. no. 5232.0)

The June quarter 2020 issue of Australian National Accounts: Finance and Wealth will be released on 24 September 2020. This publication provides quarterly estimates of the financial flows between sectors of the domestic economy and with the rest of the world. This publication also provides estimates of the financial assets and liabilities owned by each sector and various sub-sectors at the end of each quarter. Other key estimates within the publication include the demand for credit by non-financial domestic institutional sectors during the quarter, and their corresponding levels of credit outstanding.

Australian System of National Accounts (cat. no. 5204.0)

The 2018-19 issue of the Australian System of National Accounts will be released on 30 October 2020. This publication provides detailed, annual estimates of Australia's national accounts. These include expenditure, income and production estimates of gross domestic product (GDP), productivity estimates, sectorial accounts (for households, financial and non-financial corporations, general government and the rest of the world), and additional aggregates dissected by industry.

Australian National Accounts: Supply Use Tables (cat. no. 5217.0)

The 2017-18 issue of Australian National Accounts: Supply Use Tables will be released on 30 October 2020. The Supply Use tables were introduced in the annual National Accounts in 1998 as an integral part of the annual compilation of the Australian System of National Accounts. They are used to ensure Gross Domestic Product is balanced for all three approaches (production, expenditure and income) and provide the annual benchmarks from which the quarterly estimates are compiled.

Australian National Accounts: Input- Output Tables (Product Details) (cat. no. 5215.0.55.001)

The 2017-18 issue of Australian National Accounts: Input-Output Tables (Product Details) will be released on 13 November 2020. This publication presents information on supply and use by detailed product item based on the Input-Output Product Classification (IOPC). The publication comprises a list of IOPC product items and shows Australian production, imports, intermediate usage, final usage, exports, margins and taxes less subsidies on products in 2017-18.

Economic measurement during COVID-19: Selected issues in the Economic Accounts, May 2020 (cat. no. 5261.0)

A series of notes titled Economic measurement during COVID-19: Selected issues in the Economic Accounts was released on 18 May 2020. This publication describes economic measurement within National Accounts, Balance of Payments and International Investment Position and Government Finance Statistics.

Australian National Accounts: Input-Output Tables (cat. no. 5209.0.55.001)

The 2017-18 issue of Australian National Accounts: Input-Output Tables was released on 29 May 2020. This product provides detailed information about the supply and use of products in the Australian economy and the structure of, and inter-relationships between, Australian industries. It presents information on input by industry and output by product group, use of domestic production, imports by industry and final demand categories, taxes and margins on supply by product, and industry and product concordances.

Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts by email national.accounts@abs.gov.au.