5368.0 - International Trade in Goods and Services, Australia, Jul 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/09/2009
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JULY KEY POINTS
BALANCE ON GOODS AND SERVICES
CREDITS (EXPORTS OF GOODS & SERVICES)
DEBITS (IMPORTS OF GOODS & SERVICES)
Revisions were made to the previous six months to incorporate the latest available data relating to merchandise trade data. There were no revisions to the balance of payments series in original terms. However, the seasonally adjusted and trend estimates have been revised due to the use of concurrent seasonal adjustment (see paragraph 8 in the explanatory notes).
IRON ORE AND COAL PRICES
See Commodity prices adjustment, for details of adjustments made to the value of iron ore exports for July 2009 in the Balance of Payments series.
CHANGES IN THIS ISSUE
See Changes in this issue and Changes in time series spreadsheets for details.
CHANGES IN NEXT ISSUE
Revisions to international standards used in compiling the balance of payments statistics in this publication will be implemented in the August issue 2009 which will be released on 6 October 2009. For further details, refer to the following information papers:
An Information paper: Revisions to international standards in monthly international trade in goods and services statistics from August 2009, 2009 (cat. no. 5368.0.55.012) advises the impact on this publication of the changes to international standards and was released on 17 June 2009. This paper provides access to mock-ups of the proposed publication and the related spreadsheets including new series identifiers. Released concurrently with this issue, detailed information with new series identifiers have been added to the mock-up time series spreadsheets Tables 11a and 11b.
The Information Paper: Revisions to international standards in quarterly Balance of Payments and International Investment Position statistics from September 2009, 2009 (cat. no. 5302.0.55.002) was released on 22 July 2009 and presents the same information as the above paper but in respect of the quarterly Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).
An Information paper: Implementation of revised international statistical standards in ABS National and International Accounts (cat no. 5310.0.55.002), scheduled to be released on 30 September 2009 will describe the impact of the international standards on Australia's macro economic accounts including key aggregates for the balance of payments and international investment position. Technical information included in this paper will describe the most significant changes in more detail.
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for goods, and Karen McGuigan on Canberra (02) 6252 5415 for services.
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