5204.0 - Australian System of National Accounts, 2008-09

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2009

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In This Issue Analysis of Results About this Release	Note: The analysis of productivity growth cycles (see Glossary) presented in past issues of the ASNA has been temporarily excluded. The key issue is that some historical ANZSIC93 movement indicators are not suitable for industries that are growing or declining at different rates according to the new industry classifications. The ABS is currently improving these indicators so that MFP growth cycles can be reinstated in the next release. In the interim, users interested in the long time span productivity measures commencing 1964-65 can still access these from the ABS web in the 'Past and future releases' tab for this issue. NOTES CHANGES IN THIS ISSUE There are a number of significant changes in this issue. This is the first release of Australian System of National Accounts (5204.0) based on the new international standards System of National Accounts 2008 (SNA08) and Balance of Payments and International Investment Position Manual, sixth edition (BPM6), and to the new industry classification Australian and New Zealand Standard Industrial Classification, 2006 (ANZSIC06) and Standard Economic Sector Classification of Australia, 2008 (SESCA08). These changes have resulted in revisions to the entire national accounts time-series. To inform users of these changes, a number of information papers have been released in the lead up to this issue: For detail on the new industry classification see Australian and New Zealand Standard Industrial Classification 2006 (cat. no. 1292.0) For discussion of the new standards see Information Paper: Introduction of revised international standards in ABS economic statistics in 2009, 2007 (cat. no. 5310.0.55.001) For indicative impacts of these changes and discussion of new methodologies see Information Paper: Implementation of new international standards in ABS National and International Accounts, September 2009 (cat. no. 5310.0.55.002) Estimates in this issue supersede the indicative estimates in the above paper. For the new table structures and identifiers see Information Paper: Product changes to Australian System of National Accounts following revisions to international standards, 2009 (cat. no. 5204.0.55.005) Analysis of productivity growth cycles presented in past issues has been excluded temporarily. See page 10 for more details. The balance sheet estimates for Weapon systems are confidentialised due to the estimates requiring some further quality assurance work. For information on the methodology see Chapter 7, cat. no. 5310.0.55.002 mentioned above. As a consequence of suppressing the balance sheet estimates of Weapon systems it has been necessary to consequentially suppress other series in the affected tables to preserve confidentiality. The changes in this issue will be reflected in the upcoming releases of the Australian National Accounts: State Accounts, 2008-09 (cat. no. 5220.0), and the Australian National Accounts: National Income, Expenditure and Product, Sep 2009 (cat. no. 5206.0) and Australian National Accounts: Financial Accounts, Sep 2009 (cat. no. 5232.0). FORTHCOMING NATIONAL ACCOUNTS RELEASES For information on related national accounts publications and papers to be released in the next three months see the section Related National Accounts Releases on page 15. NEXT ISSUE The next issue of this product will be released in November 2010. INQUIRIES For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Michael Smedes on Canberra (02) 6252 6711. Document Selection These documents will be presented in a new window.