SEPTEMBER KEY FIGURES

		September 2011	Aug 2011 to Sep 2011
		$m	% change
Turnover at current prices
	Trend	20 843.4	0.3
	Seasonally Adjusted	20 912.4	0.4

		September Qtr 2011	June Qtr 2011 to September Qtr 2011
		$m	% change
Turnover in volume terms
	Trend	60 503.0	0.4
	Seasonally Adjusted	60 568.4	0.6

Monthly Turnover, Current Prices - Trend Estimate

Quarterly Turnover, in volume terms - Trend estimate

SEPTEMBER KEY POINTS


CURRENT PRICES

• The trend estimate rose 0.3% in September 2011. This follows a rise of 0.3% in August 2011 and a rise of 0.3% in July 2011.
• The seasonally adjusted estimate rose 0.4% in September 2011. This follows a rise of 0.6% in August 2011 and a rise of 0.8% in July 2011.
• In trend terms, Australian turnover rose 2.4% in September 2011 compared with September 2010.
• The following industries rose in trend terms in September 2011: Food retailing (0.5%), Other retailing (0.6%), Cafes, restaurants and takeaway food services (0.6%) and Household goods retailing (0.5%). Clothing, footwear and personal accessory retailing (-1.4%) and Department stores (-0.4%) fell in trend terms in September 2011.
• All states and territories rose in trend terms in September 2011: New South Wales (0.4%), Western Australia (0.7%), Queensland (0.2%), South Australia (0.3%), Victoria (0.1%), Tasmania (0.7%), the Northern Territory (0.5%) and the Australian Capital Territory (0.3%).

VOLUME MEASURES

• In volume terms, the trend estimate for Australian turnover rose 0.4% in the September quarter 2011.

NOTES

FORTHCOMING ISSUES

ISSUE	Release Date
October 2011	1 December 2011
November 2011	9 January 2012
December 2011	6 February 2012
January 2012	1 March 2012
February 2012	3 April 2012
March 2012	7 May 2012

CHANGES IN THIS ISSUE

Each September, the reference year for chain volume estimates is updated. A new price reference year, 2009-10, has been introduced into the chain volume estimates. In addition, the chain volume estimates have been re-referenced to 2009-10. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the levels of, but not the movements in, chain volume estimates.

This September, the chain volume estimates have also been revised as result of updates to the price deflator weights. These weights are necessary to combine detailed price indexes into a single deflator to estimate published chain volumes. Updates to the weights are associated with the introduction of updated sources of benchmark data into the compilation of the Australian System of National Accounts. In particular, new retail data has been incorporated from Retail and Wholesale Industries, Australia: Commodities (RIS) (cat. no. 8624.0) which is conducted about every seven years. RIS is an important source of commodity weights, and the latest RIS for the 2005-06 reference year has been incorporated into the deflators from September quarter 2009 and onwards. This has resulted in revisions to the chain volume estimates from September quarter 2009 though to June quarter 2011. Further information on the introduction of updated sources of benchmark data into the ASNA can be found in the information paper: Upcoming changes to the Australian System of National Accounts, 2010-11 (cat. no. 5204.0.55.007).

Revisions to other seasonally adjusted estimates are due to the concurrent methodology for deriving seasonal factors.


TIME SERIES DATA

Data available from the Downloads tab of this issue on the ABS website include longer time series of tables in this publication, the quarterly chain volume measures and the following additional current price monthly series:

• Retail turnover by state and 15 industry subgroups in trend, seasonally adjusted and original terms
• Retail turnover completely enumerated and sample sector, by six industry groups in original terms
• Retail turnover completely enumerated and sample sector, by state in original terms
• Retail turnover completely enumerated sector, total level in trend, seasonally adjusted and original terms.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Paul Slater on Sydney (02) 9268 4581.