REVISIONS
Since the previous issue of this publication, revisions have been made to align with the data published in the December quarter 2014 issues of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0), released on 3 March 2015 and Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0), released on 4 March 2015. On an international merchandise trade basis, exports and imports have been revised back to July 2014. On a balance of payments basis goods and services have been revised back to October 2014.
The following goods and services debits components have been revised since the release of the December 2014 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0):
- capital goods n.e.s. component of goods debits, revised back to October 2014
- legal, accounting, management consulting, public relations and other professional services component of services debits, revised back to October 2014
- architectural, engineering and other technical services component of services debits, revised back to October 2014.
Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms the revisions have decreased the deficit on goods and services for the six months to December 2014 by $114m.
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