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5204.0 - Australian System of National Accounts, 2007-08  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2008   
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NOTES

REVISIONS IN THIS ISSUE

The estimates in this issue incorporate updated data for 2006-07 and 2007-08. There has been no change to growth in the volume measure of GDP annual growth compared to the June quarter 2008 national accounts.

Estimates of investment in Machinery and equipment, imports of services and exports of goods have been revised upwards since the June quarter 2008 national accounts following the receipt of updated source data.

There have been some revisions to growth in hours worked which result from improvements in the methodology to take account of the New Years Day holiday effect.

A range of revisions have been made to the various sector income, capital and financial accounts and balance sheets due to the incorporation of updated source data and the adoption of improved methods.


CHANGES IN THIS ISSUE

As outlined in the Information Paper: Changes to Spreadsheets for the Australian System of National Accounts (cat. no. 5204.0.55.004) released in August 2008, the Lotus 1-2-3.wks spreadsheets have been discontinued and replaced with Microsoft Excel .xls spreadsheets. A listing of these electronic tables is in Appendix 1.

The internal re-allocation of resources has impacted on the contents of this issue. The 2006-07 estimates included in this issue would normally be balanced at a detailed level using Supply-Use tables. A full Supply-Use balancing process has not been undertaken. In addition, the detailed breakdown of subsoil assets and native and plantation standing timber have not been included. Supply-Use balancing will resume for the next issue of the publication.


FORTHCOMING NATIONAL ACCOUNTS RELEASES

For information on related national accounts publications and papers to be released in the next three months see the section Related National Accounts Releases on page 17.


NEXT ISSUE

The next issue of this publication will incorporate significant changes due to the implementation of new standards, namely the Australian and New Zealand Standard Industrial Classification (ANZSIC 2006) and the System of National Accounts 2008 (SNA 2008). The date of the next 5204.0 publication issue will be announced during 2009.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Malcolm Adamson on Canberra (02) 6252 6711.



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