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Note 03/12/2008: Tables 35 and 85 in the Time Series Spreadsheets have been updated with the latest current price original GDP measure from the September 2008 quarterly national accounts.
SEPTEMBER KEY POINTS
BALANCE OF PAYMENTS
INTERNATIONAL INVESTMENT POSITION (IIP)
Table 36 summarises revisions, in original current price terms, since the last issue of this publication, for the last three years and six quarters.
Incorporation of the latest survey and administrative data has resulted in revisions to the current account back to September quarter 2006. In original terms, these revisions have :
For the June 2008 quarter, the coal, coke and briquettes component was revised down $593m from $9,849m to $9,256m and the metal ores and minerals component was revised down $613m from $13,573m to $12,960m as more complete information regarding new price contracts and their effects became available. All adjustments have been removed from the coal, coke and briquettes component of the balance of payments series as significant revisions to documents lodged with the Australian Customs Service are not expected for the June quarter. Further investigation of the effect of new price contracts are underway and further revisions to the metal ores and minerals component are possible.
The financial account and international investment position have been revised back to September quarter 2007, resulting in an increase of $5,382m in Australia's net IIP liability as at 30 June 2008 to $697,520m.
CHANGES IN THIS ISSUE
Refer to Changes in this issue for details of a number of changes including:
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for balance of payments estimates, and Charles Kauye on Canberra (02) 6252 5541 for international investment estimates.
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