5676.0 - Business Indicators, Australia, Dec 2018
Quality Declaration
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ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2019
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DECEMBER KEY POINTS CHAIN VOLUME ESTIMATES
CURRENT PRICE ESTIMATES
NOTES FORTHCOMING ISSUES
COMPARISON BETWEEN COMPANY GROSS OPERATING PROFITS AND GROSS OPERATING SURPLUS Valuation changes have had an impact on the value of inventories held by Australian businesses this quarter. An inventories valuation adjustment (IVA) is applied in the calculation of the gross operating surplus of private non-financial corporations (GOS) estimate in the Australian National Accounts. The IVA for the December quarter 2018 is $1,659m which is $264m lower than the September quarter 2018 IVA of $1,923m. No adjustment is made to the company gross operating profits (CGOP) estimate in this publication and, as a result, users should exercise caution when comparing CGOP and GOS. It should be noted that there are other differences between the two series. In particular, changes are made to GOS when annual benchmarks are applied and slightly different seasonal factors apply to the two series. Given this, while CGOP movements are an appropriate indicator for GOS, the two series will not have equivalent seasonally adjusted movements from quarter to quarter. CESSATION OF A PDF PRODUCT The ABS intends to cease publishing a PDF as part of the release of ABS cat. no. 5676.0 Business Indicators, Australia. All of the information that is contained in the PDF will continue to be available elsewhere in this release. The March quarter 2019 issue, released in June 2019, is expected to be the final release with a PDF. Should you have any concerns regarding this transition, please contact us at client.services@abs.gov.au. INQUIRIES Inquiries about these and related statistics, contact the National Information and Referral Service on 1300 135 070. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us. Document Selection These documents will be presented in a new window.
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