5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2010
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DECEMBER KEY POINTS
EXPENDITURE ON GDP
INDUSTRY GROSS VALUE ADDED
REVISIONS IN THIS ISSUE
There are quarterly revisions due to the incorporation of more up-to-date source data and changes to seasonal adjustment factors. The main components affected by the changes in seasonal adjustment factors are Inventories and Household Final Consumption Expenditure. There are also revisions to State Household Final Consumption Expenditure series.
Chain volume measures of goods exports have been revised from the September quarter 2008. This is due to the updating of prices in the weighting structure used to aggregate components. The prices have been updated to 2006-07 prices.
The overall effect of these revisions on recent quarters has been to increase the seasonally adjusted measure of GDP in September quarter 2009 by 0.1%, and increase March quarter 2009 growth by 0.2%.
SUPPRESSION OF TREND ESTIMATES
Trend estimates for series impacted by the Government's Economic Security and Stimulus payments to Households (including Household Final Consumption Expenditure and Household Net Saving) have been suppressed due to the difficulty in assessing the impact of the one off payments on the trend series.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711, email <national.accounts@ abs.gov.au>.
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