JUNE KEY FIGURES

			Mar Qtr 10 to Jun Qtr 10	Jun Qtr 09 to Jun Qtr 10
			%	%
Sales of goods and services (Chain volume measures)
	Manufacturing
		Trend	(a)na	(a)na
		Seasonally Adjusted	-6.9	-1.8
	Wholesale trade
		Trend	-0.9	1.4
		Seasonally Adjusted	-2.7	0.1
Inventories (Chain volume measures)
	Trend		0.3	0.5
	Seasonally Adjusted		-0.5	0.6
Company gross operating profits
	Trend		(a)na	(a)na
	Seasonally Adjusted		18.9	27.5
Wages and salaries
	Seasonally Adjusted		2.2	4.9
na not available
(a) Break in series between this quarter and preceding quarter.

Inventories (volume terms), Trend estimates

Company gross operating profits, Trend estimates

JUNE KEY POINTS


CHAIN VOLUME ESTIMATES

• The trend estimate for inventories rose 0.3% in the June quarter 2010. The seasonally adjusted estimate fell 0.5% this quarter.
• The seasonally adjusted estimate for Manufacturing sales of goods and services fell 6.9% this quarter. This estimate should be used with caution, see Changes in this Issue for details of new trend breaks.
• The trend estimate for Wholesale trade sales of goods and services fell 0.9% this quarter. The seasonally adjusted estimate fell 2.7%.

CURRENT PRICE ESTIMATES

• The seasonally adjusted estimate for company gross operating profits rose 18.9% in the June quarter 2010.
• The seasonally adjusted estimate for wages and salaries rose 2.2% in the June quarter 2010.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
September 2010	29 November 2010
December 2010	28 February 2011
March 2011	30 May 2011
June 2011	29 August 2011

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 June quarter 2010 is $2956m which is $1455m higher than the March quarter 2009 IVA of $1501m.

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.


CHANGES IN NEXT ISSUE

As happens in September quarter each year, revisions to previously released data will occur as a result of the annual re-analysis of seasonally adjusted data series and the movement forward of the base year for the calculation of chain volume measures.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Didier Rivet on Sydney (02) 9268 4900.