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5302.0 - Balance of Payments and International Investment Position, Australia, Sep 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2011   
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CHANGES IN THIS AND FORTHCOMING ISSUES


CHANGES IN THIS ISSUE

Seasonally adjusted and trend estimates

The seasonally adjusted and trend estimates of goods and services have been revised as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the quarterly processing cycle and assesses the appropriateness of any prior corrections. The results of this review have introduced trend breaks to the 'capital goods n.e.s.' component for the March and September quarters 2011.


Chain volume estimates, implicit price deflators and term of trade indexes

A new reference year 2009-10, has been introduced into the chain volume estimates, implicit price deflators and terms of trade indexes. Additivity has been preserved in the quarters in and subsequent to the new reference year. Re-referencing affects the levels, but not the movements, of chain volume estimates, implicit price deflators and terms of trade indexes.

Quantity re-valuation is used for selected goods credits components. The relative values used by quantity revaluation for all quarters from September quarter 2009 have been updated to 2009-10 weights, replacing the relative values for 2008-09 used in the June quarter 2011 issue. This has resulted in revisions to the growth rates of chain volume estimates, implicit price deflators and terms of trade indexes for all periods from September quarter 2009.


Selected international accounts ratios - table 35

The updated annual GDP and GNI estimates released in the Australian System of National Accounts, 2010-11 (cat. no. 5204.0) released on 28 October 2011 will be revised and incorporated into the quarterly national accounts with the September quarter 2011 issue of Australian National Accounts: National Income and Expenditure (cat. no. 5206.0) to be released on 7 December 2011. The revised estimates will change the level of the quarterly and annual GDP and GNI used in the ratios for tables 35 and 85 of this publication. As the ratios using the currently available GDP and GNI would be inconsistent with the revised data, the ratios have been suppressed in this issue. Tables 35 and 85 in the Time Series data released in conjunction with this publication will be updated with the release of the quarterly national accounts on 7 December 2011.


CHANGES IN FORTHCOMING ISSUES

Changes in time series Table 83

The series IDs in 'Table 83. Exchange rates - Financial year' will change from the next issue:

Data Item Description
Current Series ID
New Series ID

United States Dollar ; Period average - ;
A3538164A
A3604466X
United Kingdom Pound ; Period average - ;
A3538163X
A3604465W
Euro ; Period average - ;
A3538165C
A3604467A
Japanese Yen ; Period average - ;
A3538161V
A3604463T
Special Drawing Rights ; Period average - ;
A3538166F
A3604468C
United States Dollar ; End of period - ;
A3538171X
A3605367K
United Kingdom Pound ; End of period - ;
A3538170W
A3605364C
Euro ; End of period - ;
A3538172A
A3605363A
Japanese Yen ; End of period - ;
A3538168K
A3605365F
Special Drawing Rights ; End of period - ;
A3538173C
A3605368L
Trade Weighted Index ; Period average - ;
A3538162W
A3604464V
Trade Weighted Index ; End of period - ;
A3538169L
A3605366J




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