5676.0 - Business Indicators, Australia, Dec 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 29/02/2016   
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DECEMBER KEY FIGURES

Sep Qtr 15 to Dec Qtr 15
Dec Qtr 14 to Dec Qtr 15
%
%

Sales of goods and services (Chain volume measures)
Manufacturing
Trend
-1.1
-7.9
Seasonally Adjusted
-2.0
-8.4
Wholesale trade
Trend
0.5
1.9
Seasonally Adjusted
1.6
3.0
Inventories (Chain volume measures)
Trend
-0.1
0.0
Seasonally Adjusted
-0.4
0.2
Company gross operating profits
Trend
-0.6
-0.8
Seasonally Adjusted
-2.8
-2.3
Wages and salaries
Seasonally Adjusted
0.5
2.8


Inventories (volume terms), Trend estimates
Graph: Inventories (volume terms), Trend estimates

Company gross operating profits, Trend estimates
Graph: Company gross operating profits, Trend estimates




DECEMBER KEY POINTS


CHAIN VOLUME ESTIMATES
  • The trend estimate for inventories fell 0.1% in the December quarter 2015. The seasonally adjusted estimate fell 0.4% this quarter.
  • The trend estimate for Manufacturing sales of goods and service fell 1.1% this quarter. The seasonally adjusted estimate fell 2.0% this quarter.
  • The trend estimate for Wholesale trade sales of goods and services rose 0.5% this quarter. The seasonally adjusted estimate rose 1.6%.


CURRENT PRICE ESTIMATES
  • The seasonally adjusted estimate for company gross operating profits fell 2.8% in the December quarter 2015.
  • The seasonally adjusted estimate for wages and salaries rose 0.5% in the December quarter 2015.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2016 30 May 2016
June 2016 5 September 2016
September 2016 5 December 2016
December 2016 27 February 2017



COMPARISON BETWEEN COMPANY GROSS OPERATING PROFITS AND GROSS OPERATING SURPLUS

Valuation changes have had an impact on the value of inventories held by Australian businesses this quarter. An inventories valuation adjustment (IVA) is applied in the calculation of the gross operating surplus of private non-financial corporations (GOS) estimate in the Australian National Accounts. The IVA for the December quarter 2015 is -$1,369m which is $1,974m lower than the September quarter 2015 IVA of $605m.

No adjustment is made to the company gross operating profits (CGOP) estimate in this publication and, as a result, users should exercise caution when comparing CGOP and GOS. It should be noted that there are other differences between the two series. In particular, changes are made to GOS when annual benchmarks are applied and slightly different seasonal factors apply to the two series. Given this, while CGOP movements are an appropriate indicator for GOS, the two series will not have equivalent seasonally adjusted movements from quarter to quarter.


INQUIRIES

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