CHANGES IN THIS ISSUE
A new base year, 2003-04, has been introduced into the chain volume estimates which has resulted in revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2003-04, thereby preserving additivity in the quarters after the reference year. Re-referencing affects the levels of, but not the movements in, chain volume estimates.
Time series spreadsheets have been released in Excel format for the first time with this issue. A concordance between the old Lotus 1,2,3 spreadsheets and the new Excel spreadsheets is available in 'Information Paper: Changes to Ausstats Tables for Building Activity, Australia and Construction Activity, Chain Volume Measures, Australia' (cat. no. 8752.0.55.001).
SIGNIFICANT REVISIONS THIS ISSUE
Compared with the estimates in current price original terms published in the previous issue of this publication:
- the total value of building work commenced during the March quarter 2005 has been revised upwards by $166.5m (+1.3%). This was mainly the result of an upwards revision of $79.9m (+4.4%) to non-residential building work commenced in New South Wales.