Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
5676.0 - Business Indicators, Australia, Dec 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2004   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

December Key Figures


Sep Qtr 03 to Dec Qtr 03
Dec Qtr 02 to Dec Qtr 03
%
%

Income from sales of goods & services (Chain vol. meas.)
Manufacturing
Trend
0.2
-0.2
Seasonally Adjusted
0.6
0.5
Wholesale trade
Trend
1.8
6.3
Seasonally Adjusted
2.4
8.4
Inventories (Chain vol. meas.)
Trend
1.3
5.4
Seasonally Adjusted
0.3
5.3
Company profits before income tax
Trend
6.3
27.5
Seasonally Adjusted
17.1
38.9
Company gross operating profits
Trend
4.1
5.9
Seasonally Adjusted
4.6
7.0
Wages and salaries
Original
3.6
5.6

Inventories (volume terms), Trend estimatesQuarterly change
Graph: 5676_inventories_front_page_graph_ver1

Company gross operating profits, Trend estimatesQuarterly change
Graph: 5676_profits_front_page_graph_ver1


December Key Points


TREND ESTIMATES
  • The trend estimate (in volume terms) for inventories for the December quarter 2003 is $97,663m, an increase of 1.3% over the September quarter. The trend estimate (in volume terms) for income from sales of goods and services in Manufacturing is again flat while Wholesale trade's income from sales of goods and services has continued the increases since March quarter 2001. The trend estimate (in current price terms) for company gross operating profits grew by 4.1% this quarter.

SEASONALLY ADJUSTED ESTIMATES
  • The seasonally adjusted estimate (in volume terms) for inventories increased by 0.3% in the December quarter 2003, with Wholesale trade the major contributor. Income from sales of goods and services (in volume terms) by Manufacturing and Wholesale trade both increased, by 0.6% and 2.4%, respectively.
  • Company gross operating profits (in current price terms) increased by 4.6% this quarter, with all industries other than Wholesale and Retail trade increasing.


Notes

Comparison between Company Gross Operating Profits and Gross Operating Surplus

As has been the case in recent quarters, price decreases have had a significant impact on the value of inventories held by, in particular, businesses in Wholesale trade. Price falls this quarter have been quite widespread but especially impact on Basic materials wholesaling. Consequently, a large inventories valuation adjustment will again be applied in calculating the gross operating surplus estimate in the December quarter 2003 release of the Australian National Accounts. The total size of the adjustment is similar to that for last quarter. No such adjustment is made to the company gross operating profits estimate in this publication and, as a result, users should exercise caution when comparing the two series.

Revisions in this issue

As is usually the case after the initial release of a quarter's estimates, revisions have been made to the September quarter 2003 estimates as a result of responses received or revised after the publication of the previous issue. The net effect on September quarter 2003 estimates of these revisions has been to adjust the seasonally adjusted chain volume estimates for total inventories by -0.6%, Manufacturing income from sales of goods and services by -0.5% and wholesale trade income from sales of goods and services by -0.3%; seasonally adjusted current price estimates for company gross operating profits by +2.0%; and original current price estimates for wages and salaries by -0.3%.

Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Wise on Sydney 02 9268 4241.


Summary Commentary

Total All industries

COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_total_profits_ver1



The current price trend estimate for total company gross operating profits has increased in the latest two quarters.

INVENTORIES
Graph: 5676_page_3_to_5_total_inventories_ver1



The trend estimate for total inventories (in volume terms) increased throughout 2003, with Wholesale trade being the main driver.

Mining
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_mining_profits_ver1



The current price trend estimate for company gross operating profits has fallen by between 3% and 7% in each of the past four quarters.

INVENTORIES
Graph: 5676_page_3_to_5_mining_inventories_ver1



The trend estimate for inventories (in volume terms) increased for the third successive quarter.

Manufacturing
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_manufacturing_profits_ver1



The current price trend estimate for company gross operating profits has increased in the past two quarters after three quarters of falls.

INVENTORIES
Graph: 5676_page_3_to_5_manufacturing_sales_and_inventories_inventories



The trend estimate for inventories (in volume terms) increased by around 1% in each of the past three quarters.

INCOME, From sales of goods and services
Graph: 5676_page_3_to_5_manufacturing_sales_and_inventories_sales



The trend estimate for income from sales of goods and services (in volume terms) has been relatively flat since the December quarter 2002.

Construction
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_construction_profits_ver1



The current price trend estimate for company gross operating profits fell in each quarter of 2003.

Wholesale Trade
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_wholesale_profits_ver1



The current price trend estimate for company gross operating profits has grown strongly in the past two quarters after weaker growth in the first half of 2003.

INVENTORIES
Graph: 5676_page_3_to_5_wholesale_sales_and_inventories_inventories



The trend estimate for inventories (in volume terms) continued the quite strong growth of the past year.

INCOME, From sales of goods and services
Graph: 5676_page_3_to_5_wholesale_sales_and_inventories_sales



The trend estimate for income from sales of goods and services (in volume terms) has grown steadily since December 2000.

Retail Trade
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_retail_profits_ver1



The current price trend estimate for company gross operating profits has grown quite strongly over the past two quarters.

INVENTORIES
Graph: 5676_page_3_to_5_retail_sales_and_inventories_inventories



The trend estimate for inventories (in volume terms) fell this quarter after four quarters of increases.

INCOME, From sales of goods and services
Graph: 5676_page_3_to_5_retail_sales_and_inventories_sales



The trend estimate for income from sales of goods and services (in volume terms) continued to grow steadily this quarter.

Transport and Storage
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_transport_profits_ver1



The current price trend estimate for company gross operating profits has grown strongly over the past two quarters after being relatively flat throughout 2002-03.

INCOME, From sales of goods and services
Graph: 5676_page_3_to_5_transport_sales_ver1



The trend estimate for income from sales of goods and services (in volume terms) has increased in the latest two quarters after falls in the previous three quarters.

Property and Business Services
COMPANY GROSS OPERATING PROFITS
Graph: 5676_page_3_to_5_property_profits_ver1



The current price trend estimate for company gross operating profits has increased strongly for the third successive quarter.

INCOME, From sales of goods and services
Graph: 5676_page_3_to_5_property_sales_ver1



The trend estimate for income from sales of goods and services (in volume terms) has increased in the latest three quarters after falling for the previous seven quarters.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.