5676.0 - Business Indicators, Australia, Dec 2012 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2013   
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DECEMBER KEY FIGURES

Sep Qtr 12 to Dec Qtr 12
Dec Qtr 11 to Dec Qtr 12
%
%

Sales of goods and services (Chain volume measures)
Manufacturing
Trend
0.3
-1.3
Seasonally Adjusted
0.8
-0.1
Wholesale trade
Trend
1.5
7.2
Seasonally Adjusted
0.4
6.6
Inventories (Chain volume measures)
Trend
0.6
3.0
Seasonally Adjusted
0.2
2.9
Company gross operating profits
Trend
-1.4
-8.6
Seasonally Adjusted
-1.0
-7.6
Wages and salaries
Seasonally Adjusted
1.4
4.8


Inventories (volume terms), Trend estimates
Graph: Inventories (volume terms), Trend estimates

Company gross operating profits, Trend estimates
Graph: Company gross operating profits, Trend estimates




DECEMBER KEY POINTS


CHAIN VOLUME ESTIMATES
  • The trend estimate for inventories rose 0.6% in the December quarter 2012. The seasonally adjusted estimate rose 0.2% this quarter.
  • The trend estimate for Manufacturing sales of goods and services rose 0.3% this quarter. The seasonally adjusted estimate rose 0.8%.
  • The trend estimate for Wholesale trade sales of goods and services rose 1.5% this quarter. The seasonally adjusted estimate rose 0.4%.


CURRENT PRICE ESTIMATES
  • The seasonally adjusted estimate for company gross operating profits fell 1.0% in the December quarter 2012.
  • The seasonally adjusted estimate for wages and salaries rose 1.4% in the December quarter 2012.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2013 3 June 2013
June 2013 2 September 2013
September 2013 2 December 2013
December 2013 3 March 2014



COMPARISON BETWEEN COMPANY GROSS OPERATING PROFITS AND GROSS OPERATING SURPLUS

Valuation changes have had an impact on the value of inventories held by Australian businesses this quarter. An inventories valuation adjustment (IVA) is applied in the calculation of the gross operating surplus of private non-financial corporations (GOS) estimate in the Australian National Accounts. The IVA for the December quarter 2012 is $129m which is $1,696m higher than the September quarter 2012 IVA of -$1,567m.

No adjustment is made to the company gross operating profits (CGOP) estimate in this publication and, as a result, users should exercise caution when comparing CGOP and GOS. It should be noted that there are other differences between the two series. In particular, changes are made to GOS when annual benchmarks are applied and slightly different seasonal factors apply to the two series. Given this, while CGOP movements are an appropriate indicator for GOS, the two series will not have equivalent seasonally adjusted movements from quarter to quarter.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Didier Rivet on Sydney (02) 9268 4900.