5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2013 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/03/2014
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DECEMBER KEY POINTS
EXPENDITURE ON GDP
INDUSTRY GROSS VALUE ADDED
REVISIONS IN THIS ISSUE
Revisions have been made to the New and used dwellings and Alterations and additions components of the Private gross fixed capital formation - Dwellings series compared to estimates published in, Australian System of National Accounts, 2012-13 (ABS cat. no. 5204.0). These revisions only impact the dwelling sub-component estimates and are evident in both current price and chain volume terms. Higher level aggregates such as Total private dwellings, Total private gross fixed capital formation and Gross domestic product are unaffected by these changes.
A change has been made to the seasonal adjustment as it applies to the national total of the New engineering construction component of Non-dwelling construction. Previously, the national total was seasonally adjusted independently of State components. The national total is now compiled by summing the seasonally adjusted estimates of States. This has generated revisions in both current price and chain volume terms. Seasonally adjusted higher level aggregates such as Total non-dwelling construction, Total private gross fixed capital formation and Gross domestic product are impacted by this change. Seasonally adjusted estimates of State final demand are unaffected.
LABOUR FORCE ESTIMATES
Labour force estimates in this issue are based on population benchmarks from the 2006 Census Population and Housing to ensure comparability across all estimates.
This issue includes a feature article titled Impact of second-hand fixed assets on Gross Domestic Product.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711.
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