5676.0 - Business Indicators, Australia, Dec 2003
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2004
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December Key Figures
December Key Points TREND ESTIMATES
SEASONALLY ADJUSTED ESTIMATES
Notes Comparison between Company Gross Operating Profits and Gross Operating Surplus As has been the case in recent quarters, price decreases have had a significant impact on the value of inventories held by, in particular, businesses in Wholesale trade. Price falls this quarter have been quite widespread but especially impact on Basic materials wholesaling. Consequently, a large inventories valuation adjustment will again be applied in calculating the gross operating surplus estimate in the December quarter 2003 release of the Australian National Accounts. The total size of the adjustment is similar to that for last quarter. No such adjustment is made to the company gross operating profits estimate in this publication and, as a result, users should exercise caution when comparing the two series. Revisions in this issue As is usually the case after the initial release of a quarter's estimates, revisions have been made to the September quarter 2003 estimates as a result of responses received or revised after the publication of the previous issue. The net effect on September quarter 2003 estimates of these revisions has been to adjust the seasonally adjusted chain volume estimates for total inventories by -0.6%, Manufacturing income from sales of goods and services by -0.5% and wholesale trade income from sales of goods and services by -0.3%; seasonally adjusted current price estimates for company gross operating profits by +2.0%; and original current price estimates for wages and salaries by -0.3%. Inquiries For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Wise on Sydney 02 9268 4241.
COMPANY GROSS OPERATING PROFITS The current price trend estimate for total company gross operating profits has increased in the latest two quarters. INVENTORIES The trend estimate for total inventories (in volume terms) increased throughout 2003, with Wholesale trade being the main driver. Mining COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has fallen by between 3% and 7% in each of the past four quarters. INVENTORIES The trend estimate for inventories (in volume terms) increased for the third successive quarter. Manufacturing COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has increased in the past two quarters after three quarters of falls. INVENTORIES The trend estimate for inventories (in volume terms) increased by around 1% in each of the past three quarters. INCOME, From sales of goods and services The trend estimate for income from sales of goods and services (in volume terms) has been relatively flat since the December quarter 2002. Construction COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits fell in each quarter of 2003. Wholesale Trade COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has grown strongly in the past two quarters after weaker growth in the first half of 2003. INVENTORIES The trend estimate for inventories (in volume terms) continued the quite strong growth of the past year. INCOME, From sales of goods and services The trend estimate for income from sales of goods and services (in volume terms) has grown steadily since December 2000. Retail Trade COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has grown quite strongly over the past two quarters. INVENTORIES The trend estimate for inventories (in volume terms) fell this quarter after four quarters of increases. INCOME, From sales of goods and services The trend estimate for income from sales of goods and services (in volume terms) continued to grow steadily this quarter. Transport and Storage COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has grown strongly over the past two quarters after being relatively flat throughout 2002-03. INCOME, From sales of goods and services The trend estimate for income from sales of goods and services (in volume terms) has increased in the latest two quarters after falls in the previous three quarters. Property and Business Services COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has increased strongly for the third successive quarter. INCOME, From sales of goods and services The trend estimate for income from sales of goods and services (in volume terms) has increased in the latest three quarters after falling for the previous seven quarters. Document Selection These documents will be presented in a new window.
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