TOTAL SELECTED INDUSTRIES
In 2011-12 for Total selected industries, off-June adjustments increased the original estimate of IVA by $1.9b (or 0.2%). Estimates of total income and total expenses increased by $11.1b (or 0.4%) and $13.1b (or 0.5%) respectively, and the off-June year adjusted estimate of wages and salaries increased $3.8b (or 0.8%) from the original estimate.
In absolute values, the industries with the largest difference between original and off-June adjusted estimates of IVA were Mining ($2.0b or 1.5%) and Construction ($1.3b or 1.3%).
The industries with the largest increases between original and off-June adjusted total income estimates for 2011-12 were Wholesale trade ($5.3b or 1.1%) and Manufacturing ($2.3b or 0.6%). Total income estimates for Education and training and Health care and social assistance remained unchanged, as off-June adjustment factors were not generated for this data item for these industries (see 'Scope and Population' in Chapter 2).
The industry with the largest increase between original and off-June adjusted total expenses estimates in 2011-12 was Wholesale trade ($5.7b or 1.2%).
In 2011-12 the differences between original and off-June adjusted estimates for wages and salaries were minor. The largest adjustment was to Mining ($1.0b or 4.1%).
These findings demonstrate that changes in the key estimates of IVA, total income and total expenses were predominantly attributed to movements in the Mining and Wholesale trade industries. As demonstrated in Table 2.1, the off-June reporting businesses in these industries make a substantial contribution to estimates of IVA, and the extent of variation between original and off-June adjusted estimates indicates that these industries were influenced by fluctuations in trading conditions over time. Conversely, although off-June reporting businesses also made a significant contribution to estimates of IVA in Education and training (Table 2.1), off-June adjusted estimates differ only marginally from original values, indicating that this industry experienced minimal variation in trading conditions over time ( See Appendix Table A1.1).
In general, the results presented above were in line with initial expectations, and provide an estimate of the extent of variation caused by the issue of off-June reporting in EAS.
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