5676.0 - Business Indicators, Australia, Mar 2010  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2010   
   Page tools: Print Print Page Print all pages in this productPrint All

WHAT IF...? REVISIONS TO TREND ESTIMATES


EFFECT OF NEW SEASONALLY ADJUSTED ESTIMATES ON TREND ESTIMATES


TREND REVISIONS

The most recent seasonally adjusted and trend estimates are likely to be revised when original estimates for subsequent quarters become available. To assess reliability of the trend estimate at the current end, the 'what-if' chart presents trend estimates under different scenarios for the next quarter. The approximate effect of two possible scenarios on the current and previous trend estimates for total company gross operating profits and total inventories are presented below.

1. Next quarter's seasonally adjusted estimate of total inventories, and seasonally adjusted estimate for company gross operating profits respectively, are higher than the current quarter's estimate by the percentage shown.

2. Next quarter's seasonally adjusted estimate of total inventories, and seasonally adjusted estimate for company gross operating profits respectively, are lower than the current quarter's estimate by the percentage shown.

Inventories (Chain Volume Measures)

Graph: Trend Revisions


What if next quarter's seasonally adjusted estimate:
Trend as published
rises by 1.1% on this quarter (1)
falls by 1.1% on this quarter (2)
$m
%
$m
%
$m
%

2009
June
136 661
-1.4
136 661
-1.4
136 661
-1.4
September
136 096
-0.4
135 890
-0.6
136 067
-0.4
December
136 350
0.2
136 403
0.4
136 343
0.2
2010
March
137 028
0.5
137 379
0.7
136 528
0.1



Company gross operating profits (Current prices)

Graph: Trend Revisions


What if next quarter's seasonally adjusted estimate:
Trend as published
rises by 4.0% on this quarter (1)
falls by 4.0% on this quarter (2)
$m
%
$m
%
$m
%

2009
June
54 640
-5.7
54 640
-5.7
54 640
-5.7
September
54 107
-1.0
53 707
-1.7
54 070
-1.0
December
54 994
1.6
55 094
2.6
54 968
1.7
2010
March
56 567
2.9
57 379
4.1
55 632
1.2