5368.0 - International Trade in Goods and Services, Australia, Aug 2012 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/10/2012
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AUGUST KEY POINTS
BALANCE ON GOODS AND SERVICES
CREDITS (EXPORTS OF GOODS & SERVICES)
DEBITS (IMPORTS OF GOODS & SERVICES)
Revisions have been made to incorporate the latest data relating to international trade in goods and services since the last issue of this publication:
Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms. In original terms, the revisions have:
Revisions to 2011-12 predominantly include updated merchandise trade data for the previous six months to February 2012 in line with the standard revision policy. Revisions to 2008-09 to 2010-11 include updated source data and improved methodology. Significant revisions to individual months of the Fuels and lubricants component on a balance of payments basis reflect a timing adjustment using month of arrival data.
CHANGES IN THIS ISSUE
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.
Adjustments have been made to the value of the 'metal ores and minerals' and 'capital goods n.e.s.' components in the balance of payments series.
See the Value adjustment section for details.
For further information contact Val Tot on Canberra (02) 6252 5540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.
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