In the September quarter, private consumption advanced 5.01 percent year-on-year, following a 5.04 percent growth in the preceding quarter. Private non-profit expenditure expanded by 6.59 percent (from +6.72 percent). Gross fixed capital formation grew by 4.88 percent (from +5.06 percent). In contrast, government spending declined by 2.97 percent, reversing from a 6.28 percent increase in the June quarter). Exports fell 6.0 percent, faster than a 2.73 percent decline in the second quarter. Imports shrank 3.87 percent (from -3.01 percent).
On the production side, information and communication recorded the highest annual growth rate of 9.20 percent, followed by finance & insurance sector (+8.83 percent), transport & storage (+8.20 percent), other services (+7.71 percent), business services (+6.95 percent), construction (+5.69 percent), electricity and gas (+4.89 percent), manufacturing (+4.56 percent), accommodation & food/beverages (+4.55 percent), government administration/defence (+3.81 percent), health care (+4.24 percent), real estate (+3.70 percent), wholesale and retail trade (+3.65 percent), agriculture (+2.8 percent), education services (+1.87 percent), water and waste management (+1.67 percent), mining and quarrying (+0.13 percent).
On a quarterly basis, the economy grew 3.20 percent, following an upwardly revised 4.02 percent grew in the previous three months and below estimates of a 3.22 percent growth.