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5676.0 - Business Indicators, Australia, Jun 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/08/2010   
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CHANGES IN THIS ISSUE


TREND BREAK IN MANUFACTURING

The June quarter 2010 estimates of sales of goods and services for the manufacturing industry and sales of goods and services in Western Australia should be used with caution. A major manufacturing public/private partnership was dissolved at the end of March 2010 and ownership wholly transferred to the public sector. This manufacturing activity is no longer in scope of the Quarterly Business Indicators Survey which is restricted to private sector units. A break in series has been applied to the trend estimates for manufacturing sales of goods and services and Western Australian sales of goods and services. As a result, no trend estimate has been published in the June quarter 2010 for these series. The impact of this business on the inventories, wages and salaries and profits series is minimal and therefore a break in series is not required.

Estimates of sales of goods and services presented in this publication are used to help derive quarterly chain volume measures of gross value added for selected industries in the quarterly national accounts. The national accounts also include estimates for businesses not in scope of the Quarterly Business Indicators Survey. Therefore, a business moving from the private sector to the public sector will not, of itself, result in a change in economic activity as measured in the quarterly national accounts.


TREND BREAK DUE TO MINING COMMODITY CONTRACT PRICE RISES

A break in series has been applied to several June quarter 2010 trend estimates due to very large mining commodity contract price rises that occurred on 1st April 2010. The affected trend series are:

  • company gross operating profits for Mining and Total;
  • company profits before income tax for Mining and Total;
  • business gross operating profits for Mining and Total; and
  • sales of goods and services for Mining.


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