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5204.0 - Australian System of National Accounts, 2006-07  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/11/2007   
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REVISIONS IN THIS ISSUE

The estimates in this issue incorporate new estimates from the annual supply and use tables for 2003-04 to 2005-06. This is the result of the incorporation of more up to date source data into the supply and use tables for 2003-04 and 2004-05 and the compilation of the first tables for 2005-06. The impact on growth in the volume measure of GDP compared to the June quarter 2007 national accounts has been to reduce annual growth by 0.1 percentage points in 2003-04, increase growth by 0.1 percentage points in each of 2004-05 and 2005-06 and reduce growth by 0.1 percentage points in 2006-07.


Estimates of state and local general government public gross fixed capital formation have been revised down since the June quarter 2007 national accounts following the receipt of updated source data.


There have been some revisions to growth in hours worked which result from revisions to the underlying source data from the Labour Force Survey. For more information on these revisions, please refer to Information Paper: Forthcoming Changes to Labour Force Statistics, 2007 (cat. no. 6292.0).


Population estimates based on the the Census 2001 benchmarks have been revised back to 2002-03 which has resulted in small revisions to GDP per capita estimates.


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

Annual Real unit labour cost indexes have been included in Table 1. Annual Nominal and Real unit labour cost indexes are also presented in a new electronic table 106.


Changes have been made to Table 80, Consolidated balance sheet and accumulation account, to separately identify neutral and real holding gains for detailed asset classes, as identified for the aggregates in Table 20. Previously, neutral and real holding gains were combined as revaluations.


Publication of electronic tables 85, 86 and 87 has been suspended due to data quality concerns.



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.



NEXT ISSUE

The next issue of this publication is to be released in November 2008.



INQUIRIES

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


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