December 16, 2009
Embargo: 11.30am (AEDT)
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Australian economy continues to grow
Latest ABS figures show that GDP, in seasonally adjusted volume terms, grew 0.2% in the
September quarter 2009, after growing 0.6% in the June quarter.
The growth was driven by a 0.7% increase in household expenditure and a 6.2% increase in public
investment, offset by a 0.9% fall in private investment, and a strong fall in net exports. The fall in
net exports was due to a 2.3% fall in exports and a 5.8% rise in imports.
The industries that provided the main contribution to growth in the September quarter were
rental, hiring and real estate services with a 9.9% increase in seasonally adjusted volume terms
and construction with a 2.2% increase in seasonally adjusted volume terms.
Further details can be found in Australian National Accounts: National Income, expenditure and
Product (cat. no. 5206.0) available for free download on the ABS website at www.abs.gov.au
Media Note:
When reporting ABS data the Australian Bureau of Statistics (or ABS) must be attributed as the
source.
Revised international standards and an updated industry classification are included in this issue of
Australian National Accounts: National Income, expenditure and Product.
FURTHER INFORMATION
Media requests and interviews
Corporate Communications 1300 175 070
When reporting ABS data, the Australian Bureau of Statistics (or ABS) must
be attributed as the source
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