In the three months to June, household consumption added 0.4 percentage points to growth, government spending contributed 0.2 percentage points to growth and exports added 0.6 percentage points to growth. On the other hand, non-residential construction subttracted 0.4 percentage points from growth and inventories detracted 0.6 percentage points from growth.
Final consumption expenditure rose 0.8 percent. Household spending increased by 0.7 percent, driven by rises in food (1.5 percent), insurance and other financial services (1.3 percent) and rent and other dwelling services (0.5 percent). Partially offsetting the rise was electricity, gas and other fuel (-3.7 percent) and purchases of vehicles (-1.1 percent). Meanwhile, government final consumption expenditure increased by 1.2 percent.
Gross fixed capital formation expanded by 1.5 percent. Public investment rose 11.9 percent, driven by state and local general government (25.5 percent). This included the acquisition of the recently completed Royal Adelaide Hospital from the private sector. Private investment declined by 1.1 percent, due to non-dwelling construction (-7.7 percent). Partially offsetting the fall was machinery and equipment (2.9 percent). Total gross fixed capital formation contributed 0.4 percentage points to GDP growth.
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