5676.0 - Business Indicators, Australia, Jun 2011  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2011   
   Page tools: Print Print Page Print all pages in this productPrint All

JUNE KEY FIGURES

Mar Qtr 11 to Jun Qtr 11
Jun Qtr 10 to Jun Qtr 11
%
%

Sales of goods and services (Chain volume measures)
Manufacturing
Trend
-0.1
-1.7
Seasonally Adjusted
-0.1
-1.2
Wholesale trade
Trend
0.8
1.7
Seasonally Adjusted
-0.7
1.7
Inventories (Chain volume measures)
Trend
1.5
2.8
Seasonally Adjusted
2.5
3.3
Company gross operating profits
Trend
1.4
0.1
Seasonally Adjusted
6.7
0.2
Wages and salaries
Seasonally Adjusted
2.3
8.3


Inventories (volume terms), Trend estimates
Graph: Inventories (volume terms), Trend estimates

Company gross operating profits, Trend estimates
Graph: Company gross operating profits, Trend estimates




JUNE KEY POINTS


CHAIN VOLUME ESTIMATES
  • The trend estimate for inventories rose 1.5% in the June quarter 2011. The seasonally adjusted estimate rose 2.5% this quarter.
  • The trend estimate for Manufacturing sales of goods and services fell 0.1% this quarter. The seasonally adjusted estimate fell 0.1%.
  • The trend estimate for Wholesale trade sales of goods and services rose 0.8% this quarter. The seasonally adjusted estimate fell 0.7%.


CURRENT PRICE ESTIMATES
  • The seasonally adjusted estimate for company gross operating profits rose 6.7% in the June quarter 2011.
  • The seasonally adjusted estimate for wages and salaries rose 2.3% in the June quarter 2011.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2011 5 December 2011
December 2011 5 March 2012
March 2012 4 June 2012
June 2012 3 September 2012



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 2011 is $1,408m which is $1,556m lower than the March quarter 2011 IVA of $2,964m.

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 THIS ISSUE

A review of methods to produce Chain Volume Measures (CVMs) has occurred this quarter. This has resulted in revisions to a number of data series, however historical GDP quarterly estimates are unaffected. These revised series include: CVM original series for Retail trade division; CVM original series and CVM seasonally adjusted series for Manufacturing division and Petroleum and Coal Product Manufacturing subdivision; CVM seasonally adjusted series for Electricity, Gas, Water and Waste services division and Waste Collection, Treatment and Disposal services subdivision; and CVM seasonally adjusted series for Other Services division and Personal and Other services subdivision.


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.