5676.0 - Business Indicators, Australia, Jun 2004
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/08/2004
Page tools:
 Print Page
 Print All
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
JUNE KEY FIGURES
SEASONALLY ADJUSTED ESTIMATES
NOTES COMPARISON BETWEEN COMPANY GROSS OPERATING PROFITS AND GROSS OPERATING SURPLUS As has been the case in a number of recent quarters, price changes have had a significant impact on the value of inventories held by Australian businesses. An inventories valuation adjustment (IVA) is applied to the gross operating surplus (GOS) of private non-financial corporations estimate in the Australian National Accounts. As prices for inventories have risen in the June quarter, growth in GOS will be lower after the application of the IVA. No adjustment is made to the company gross operating profits (CGOP) estimate in this publication and, as a result, users should excercise caution when comparing the two series. It should also be noted that there are other significant differences between the two series. In particular, changes are made to GOS when annual benchmarks are applied and different seasonal adjustment methods are used in the two series. Given this, while CGOP movements are an indicator for GOS, it is not the case that the two series will have equivalent seasonally adjusted movements from quarter to quarter. REVISIONS IN THIS ISSUE As is usually the case after the initial release of a quarter's estimates, revisions have been made to the March quarter 2004 estimates as a result of responses received or revised after the publication of the previous issue and the use of concurrent seasonal adjustment methodology. In addition, a new base year, 2002-03, has been introduced in the chain volume estimates and these estimates have been re-referenced to 2002-03. This has led to revisions to growth rates from September quarter 2003 onwards. The net effect on March quarter 2004 estimates of these revisions has been to revise the seasonally adjusted chain volume estimates for total inventories by +0.9%, Manufacturing sales of goods and services by +2.5% and wholesale trade sales of goods and services by -1.5%. Seasonally adjusted current price estimates for company gross operating profits have been revised by +1.0% and wages and salaries by -0.3%. CHANGES IN THE NEXT ISSUE See 'Changes in the next issue' section on page 3 for further details. 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. SUMMARY COMMENTARY CHANGES IN THE NEXT ISSUE From the September quarter 2004, modelled estimates for employing businesses with less than 20 employees will be introduced for income (other than sales of goods and services), expenses (other than labour costs) and profit. Modelled estimates, using a different technique to that which will be used for income, expenses and profits, are already compiled for inventories. The modelling technique for income, expenses and profits will use ratios of sales of goods and services to each modelled item for small businesses from the annual Economic Activity Survey and these ratios will be applied to sales of goods and services reported by each business in the Quarterly Business Indicators Survey. The next issue will also see the introduction of gross operating profits estimates by sector. This will result in four different "profits" series appearing in this release:
These changes will be made to estimates back to and including the March quarter 2001, when the Quarterly Business Indicators Survey commenced. Users who are interested in further information about these changes, including information on how publication tables will be changed to accommodate the new "profits" series should contact Mark Wise on Sydney (02) 9268 4241 or email <mark.wise@abs.gov.au>. TOTAL ALL INDUSTRIES COMPANY GROSS OPERATING PROFITS The current price trend estimate for total company gross operating profits has increased for the latest five quarters. INVENTORIES The trend estimate for total inventories (in volume terms) increased 1.2% in the June quarter. This continued the build up that occurred 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 increased in the latest two quarters after decreasing significantly in the previous four quarters. INVENTORIES The trend estimate for inventories (in volume terms) decreased in the latest two quarters following three quarters of growth. MANUFACTURING COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has increased strongly in the latest four quarters. INVENTORIES The trend estimate for inventories (in volume terms) decreased in June quarter 2004 after steady growth in the previous five quarters. Sales of goods and services The trend estimate for sales of goods and services (in volume terms) has increased over the past four quarters. CONSTRUCTION COMPANY GROSS OPERATING PROFIT The current price trend estimate for company gross operating profits has remained relatively flat over the latest five quarters. WHOLESALE TRADE COMPANY GROSS OPERATING PROFIT The current price trend estimate for company gross operating profits has been increasing steadily since September quarter 1999. INVENTORIES The trend estimate for inventories (in volume terms) continued the strong build up which commenced in June quarter 2002. Sales of goods and services The trend estimate for sales of goods and services (in volume terms) has grown steadily since December quarter 2000. RETAIL TRADE COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has decreased in the last two quarters after peaking in December quarter 2003. INVENTORIES The trend estimate for inventories (in volume terms) has increased in the latest two quarters after declining in December quarter 2003. Sales of goods and services The trend estimate for sales of goods and services (in volume terms) grew steadily this quarter continuing the growth present since December quarter 2002. TRANSPORT AND STORAGE COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has increased strongly over the latest four quarters after being relatively flat throughout 2002-03. Sales of goods and services The trend estimate for sales of goods and services (in volume terms) has increased strongly throughout 2003-04 after falls during 2002-03. PROPERTY AND BUSINESS SERVICES COMPANY GROSS OPERATING PROFITS The current price trend estimate for company gross operating profits has increased strongly for the fifth successive quarter. Sales of goods and service The trend estimate for sales of goods and services (in volume terms) decreased in the June quarter 2004 following increases in the previous four quarters. Document Selection These documents will be presented in a new window.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
