CHANGES IN THIS ISSUE
ANNUAL SEASONAL RE–ANALYISIS
The seasonally adjusted and trend estimates of goods and services on a balance of payments basis have been revised as a result of the annual seasonal re–analysis. This re–analysis reviews the seasonal and trading day factors in more detail than is possible in the monthly processing cycle and assesses the appropriateness of any prior corrections.
INTRODUCTION OF A NEW GOODS DEBITS ADJUSTMENT
From this issue, a new adjustment has been introduced to include in Balance of Payments goods debits estimates, imports under the Australian Customs and Border Protection Service low value threshold, lodged without a full imports declaration. The introduction of this new adjustment has resulted in revisions back to July 1998.
The technical note on the Low Value Threshold included in this publication describes the data sources and methodology used for calculating this new adjustment as well as the impact on the goods debits series. Further information is available in the Information Paper: Measurement of Online Retail Trade in Macroeconomic Statistics, 2013 (cat. no. 8501.0.55.007).
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