Alrighty, I'm on a roll ... having picked the GDP number like a ... well .... u know what
You can see from this Australian Bureau of Statistics graphic where the contributions came from.
- Exports a big negative .. inventories a negative also ...
- Positives are the government (big spenders the lot of 'em!) and household consumption
More from the ABS
- Reduced Mining and Construction activity, coupled with a decline in Exports were the main factors to the slowdown in economic growth
- Positive contributions came from Domestic final demand, and the Financial, Transport and Health industries
- Mining production fell significantly this quarter (-3.0%), although it is still positive through the year with growth at 2.1%
- The decline in Mining production coincides with the fall in Exports
- Net exports detracted 0.6 percentage points from GDP growth in the quarter, through the year they added 1.1 percentage points to GDP growth
- This quarter continues to see the decline in mining related construction (Engineering construction -0.8%), which is reflected in the decline in Construction Gross value added (-0.6%)
- There was positive growth in Domestic final demand with Household final consumption growing 0.5% this quarter and 2.5% through the year
- Government final consumption had growth of 2.2% for the quarter and 4.0% through the year
- Public gross fixed capital formation was up 4.0% for the June 2015 quarter, but remains subdued through the year with growth at 0.4%.
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Q3 is shaping up to be an interesting one ... 3 months to go!