5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2014 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/06/2014
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MARCH KEY POINTS
EXPENDITURE ON GDP
INDUSTRY GROSS VALUE ADDED
REVISIONS IN THIS ISSUE
There are revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.
The estimate of the Implicit price deflator (IPD) for exports includes information not available at the time of compiling the Export Price Index (EPI), including a negative $900m iron ore value adjustment applied to the March quarter 2014 in the Balance of Payments. The EPI for March quarter 2014 will be revised with the June quarter issue of International Trade Price Indexes, Australia (cat. no. 6457.0) on 31 July 2014.
A short note discussing the strength in mining and the impact of concurrent seasonal analysis is in Analysis and Comments section of this issue.
EXPORTS AND IMPORTS OF GOODS BY STATE
Estimates of exports and imports of goods by state will no longer be published in this publication. All other data within this publication are compiled on a System of National Accounts 2008 ( 2008 SNA) basis. However, State-based estimates of international trade are compiled on an International Merchandise Trade Statistics basis, which is not harmonised with the 2008 SNA.
Since the merchandise trade basis of recording differs from the 2008 SNA standard, the ABS is concerned that users could be misled through the publication of data based on two different statistical standards within the same tables.
Users can continue to source State-based estimates of exports and imports of goods from International Trade in Goods and Services, Australia (cat. no. 5368.0).
COMPENSATION OF EMPLOYEES
This issue includes the addition of a new table which shows Compensation of Employees by State by Public and Private Sector. This table is available in electronic format only (table 40).
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