AUSTRALIAN GDP RISES 1.1 PCT IN FOURTH QUARTER
Australia's seasonally adjusted real
gross domestic product (GDP) rose 1.1 pct in the fourth quarter
of 1986 after rising 0.2 pct in the third quarter, the
Statistics Bureau said.
    This compares with a 1.1 pct fall in the fourth quarter of
1985.
    Compared with the year-earlier quarter, GDP also rose 1.1
pct, the Bureau figures show.
    The annual rise compares with a 0.3 pct fall in the third
quarter compared with the 1985 third quarter and a 4.3 pct rise
in the year-earlier period, the Bureau figures show.
    Real non-farm gross product rose 0.9 pct in the fourth
quarter after zero growth in the third quarter and a 1.3 pct
fall a year earlier, making an annual rise of 0.8 pct.
    Gross farm product rose 4.3 pct compared with rises of 2.6
pct in the third quarter and 2.8 pct a year earlier, making
annual growth of 6.6 pct.
    Elements in the fourth quarter GDP rise included falls of
0.6 pct and 0.2 pct in private and government final consumption
expenditure respectively, the Bureau figures show.
    Gross fixed capital expenditure fell 0.1 pct in the quarter
while exports of goods and services rose 13.0 pct and imports
2.9 pct.
    Seasonally-adjusted expenditure on GDP at average 1979/80
prices rose to 36.67 billion dlrs in the fourth quarter from
36.26 billion in both the third quarter and the year-earlier
quarter.
    The figures are subject to revision over a long period.
 REUTER
