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5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2008   
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CHANGES IN FORTHCOMING ISSUES

Major changes to statistics presented by commodity

From the September quarter 2008 issue, there will be major changes to the product classifications of statistics presented in this publication and related time series spreadsheets. The changes result from:

  • replacing Standard International Trade Classification Revision 3 (SITC Rev 3) with Standard International Trade Classification Revision 4 (SITC Rev 4)
  • updating the correspondences used to compile goods statistics on a Balance of Payments Broad Economic Category (BoPBEC) and Balance of Payments Commodity of Exports (BoPCE) basis
  • providing additional detail for transportation services credits and debits.

Statistics presented according to the updated correspondences will be known as BoPBEC Rev 1 and BoPCE Rev 1 respectively.
The changes to be made to statistics presented on a Balance of Payments basis include:
  • all goods data will be presented according to BoPBEC Rev 1 or BoPCE Rev 1 i.e. estimates will be recompiled on the basis of the revised correspondences to maintain consistency in the time series
  • data for passenger and other transportation services will be split into 'passenger transportation' and 'other transportation' services
  • consistency of time series spreadsheet titles and data item descriptions will be improved.

Time series tables 103, 104, 107 and 108 use SITC Rev 3 to present chain volume measures and implicit price deflators on recorded trade basis. These tables will use SITC Rev 4 from September quarter 2008 for all time periods. For further details about the impact of these changes on recorded trade series, see "Major changes to statistics presented by commodity" in the June 2008 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0).

These revisions will not change the total value of goods or services credits and debits.

For further details about the introduction of SITC Rev 4 and the impact on related classifications, refer to the Information Paper: Impact of introducing Revision 4 of the Standard International Trade Classification, 2008 (cat. no. 5368.0.55.010).

Seasonally adjusted and trend estimates

The seasonally adjusted and trend estimates of goods and services will be revised in the September quarter 2008 issue as a result of the annual seasonal reanalysis. This reanalysis reviews the seasonal and trading day factors in more detail than is possible in the quarterly processing cycle and assesses the appropriateness of any prior corrections.

Foreign ownership of equity

The Foreign ownership of equity article will not be updated for September quarter 2008.

Changes in time series spreadsheets

Listed below are the Series IDs which will change in the Time Series Spreadsheets with the September quarter 2008 issue.

TABLE 17

SERVICES, Summary: Seasonally Adjusted and Trend Estimates

  • series ID A2061386F (Passenger and other services credits - seasonally adjusted)
  • series ID A2061394F (Passenger and other services debits - seasonally adjusted)
  • series ID A2061400R (Passenger and other services credits - trend estimates)
  • series ID A2061408J (Passenger and other services debits - trend estimates) will be deleted and replaced with 8 new Series IDs:
    • A2527566T - Passenger transportation services credits - seasonally adjusted
    • A2527568W - Other transportation services credits - seasonally adjusted
    • A2527570J - Passenger transportation services debits - seasonally adjusted
    • A2527572L - Other transportation services debits - seasonally adjusted
    • A2527567V - Passenger transportation services credits - trend estimates
    • A2527569X - Other transportation services credits - trend estimates
    • A2527571K - Passenger transportation services debits - trend estimates
    • A2527573R - Other transportation services debits - trend estimates
TABLE 18

SERVICES CREDITS, Chain Volume Measures and Indexes

  • series ID A2061314V (Passenger and other services credits - chain volume measures - original)
  • series ID A2061332X (Passenger and other services credits - chain volume measures - seasonally adjusted)
  • series ID A2061315W (Passenger and other services credits - implicit price deflators - original)
  • series ID A2061333A (Passenger and other services credits - implicit price deflators - seasonally adjusted) will be deleted and replaced with 8 new Series IDs:
    • A2527590T - Passenger transportation services credits - chain volume measures - original
    • A2527592W - Other transportation services credits - chain volume measures - original
    • A2527591V - Passenger transportation services credits - chain volume measures - seasonally adjusted
    • A2527593X - Other transportation services credits - chain volume measures - seasonally adjusted
    • A2527586A - Passenger transportation services credits - implicit price deflators - original
    • A2527588F - Other transportation services credits - implicit price deflators - original
    • A2527587C - Passenger transportation services credits - implicit price deflators - seasonally adjusted
    • A2527589J - Other transportation services credits - implicit price deflators - seasonally adjusted
TABLE 19

SERVICES DEBITS, Chain Volume Measures and Indexes

  • series ID A2061354L (Passenger and other services debits - chain volume measures - original)
  • series ID A2061372T (Passenger and other services debits - chain volume measures - seasonally adjusted)
  • series ID A2061355R (Passenger and other services debits - implicit price deflators - original)
  • series ID A2061373V (Passenger and other services debits - implicit price deflators - seasonally adjusted) will be deleted and replaced with 8 new Series IDs:
    • A2527602R - Passenger transportation services debits - chain volume measures - original
    • A2527604V - Other transportation services debits - chain volume measures - original
    • A2527603T - Passenger transportation services debits - chain volume measures - seasonally adjusted
    • A2527605W - Other transportation services debits - chain volume measures - seasonally adjusted
    • A2527598K - Passenger transportation services debits - implicit price deflators - original
    • A2527600K - Other transportation services debits - implicit price deflators - original
    • A2527599L - Passenger transportation services debits - implicit price deflators - seasonally adjusted
    • A2527601L - Other transportation services debits - implicit price deflators - seasonally adjusted
TABLE 68

SERVICES CREDITS, Chain Volume Measures and Indexes, Financial Year

series ID A2282869K (Passenger and other services credits - chain volume measures - original) and A2141866T (Passenger and other services credits - implicit price deflators - original) will be deleted and replaced with 4 new Series IDs:

  • A2527610R - Passenger transportation services credits - chain volume measures - original
  • A2527611T - Other transportation services credits - chain volume measures - original
  • A2527626J - Passenger transportation services credits - implicit price deflators - original
  • A2527628L - Other transportation services credits - implicit price deflators - original

TABLE 69

SERVICES DEBITS, Chain Volume Measures and Indexes, Financial Year

series ID A2282874C (Passenger and other services debits - chain volume measures - original) and A2141884W (Passenger and other services debits - implicit price deflators - original) will be deleted and replaced with 4 new Series IDs:

  • A2527614X - Passenger transportation services debits - chain volume measures - original
  • A2527615A - Other transportation services debits - chain volume measures - original
  • A2527630X - Passenger transportation services debits - implicit price deflators - original
  • A2527632C - Other transportation services debits - implicit price deflators - original

TABLE 96

QUARTERLY COMBINED CURRENT PRICE SEASONAL ADJUSTMENT FACTORS AND FORWARD FACTORS FOR 4 QUARTERS

Series ID A2433368V (Services credits, Passenger and other) and A2433377W (Services debits, Passenger and other) will be deleted and replaced with 4 new Series IDs:

  • A2527574T - Services credits, Passenger transportation
  • A2527575V - Services credits, Other transportation
  • A2527576W - Services debits, Passenger transportation
  • A2527577X - Services debits, Other transportation

TABLE 116

BALANCE OF PAYMENTS: SERVICES CREDITS AND DEBITS, Current prices, original and seasonally adjusted - Quarter

  • series ID A2061313T (Passenger and other services credits - original)
  • series ID A2061331W (Passenger and other services credits - seasonally adjusted)
  • series ID A2061353K (Passenger and other services debits - original)
  • series ID A2061371R (Passenger and other services debits - seasonally adjusted) will be deleted and replaced with 8 new Series IDs:
    • A2527594A - Passenger transportation services credits - original
    • A2527596F - Other transportation services credits - original
    • A2527595C - Passenger transportation services credits - seasonally adjusted
    • A2527597J - Other transportation services credits - seasonally adjusted
    • A2527606X - Passenger transportation services debits - original
    • A2527608C - Other transportation services debits - original
    • A2527607A - Passenger transportation services debits - seasonally adjusted
    • A2527609F - Other transportation services debits - seasonally adjusted
TABLE 216

BALANCE OF PAYMENTS: SERVICES CREDITS AND DEBITS, Current prices and chain volume measures, original - Financial year

  • series ID A2144286A (Passenger and other services credits - current price)
  • series ID A2144287C (Passenger and other services credits - chain volume measures)
  • series ID A2144298K (Passenger and other services debits - current price)
  • series ID A2144299L (Passenger and other services debits - chain volume measures) will be deleted and replaced with 8 new Series IDs:
    • A2527648W - Passenger transportation services credits - current price
    • A2527649X - Other transportation services credits - current price
    • A2527646T - Passenger transportation services credits - chain volume measures
    • A2527647V - Other transportation services credits - chain volume measures
    • A2527652L - Passenger transportation services debits - current price
    • A2527653R - Other transportation services debits - current price
    • A2527650J - Passenger transportation services debits - chain volume measures
    • A2527651K - Other transportation services debits - chain volume measures

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