5671.0 - Lending Finance, Australia, Jan 2011
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/03/2011
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JANUARY KEY POINTS
JANUARY 2011 COMPARED WITH DECEMBER 2010:
HOUSING FINANCE FOR OWNER OCCUPATION
In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions impact on:
Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.
IMPACT OF THE FLOODS
Extensive flooding began in late December 2010 in Queensland, and was more extensive in both Queensland and other states in January 2011. The collection and processing of data included in this publication were not disrupted.
On a month to month basis, original and seasonally adjusted series can be impacted by a number of factors including interest rates, consumer confidence and unusual influences. National estimates for personal, commercial and lease finance are seasonally adjusted. In January 2011, in seasonally adjusted terms, the national estimates for the value of personal, commercial and lease finance commitments fell. However, the specific impact of floods, if any, on these estimates can not be quantified. The state and territory estimates (available as time series spreadsheets) are not seasonally adjusted.
The trend series provide an estimate of the underlying behaviour of a series over time but, in the short term, may be distorted by unusual influences impacting on the original and seasonally adjusted estimates. Trend series will be subject to revision in future issues as additional monthly original estimates become available. Users are advised to exercise caution when using the most recent trend estimates. For further information please refer to page 3 of the August 2009 issue of Australian Economic Indicators (cat. no. 1350.0).
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joe Whelan on Canberra (02) 6252 5747.
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