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IMPACT OF THE FLOODS
*separate estimates for semi-soft coking metallurgical coal for Queensland are not available due to confidentiality restrictions.
A large extreme correction is applied to prevent trend estimates from being biased by an unusually large or small original estimate. Such corrections can also help stabilise seasonal factor estimates. Details on the use of large extreme corrections to stabilise the trend during unusual events can be found in the feature article When it's not "Business-as-usual": Implications for ABS Time Series in Australian Economic Indicators, August 2009 (cat. no. 1350.0). Extreme corrections have been applied to the balance of payments basis 'coke, coal and briquettes' component for January and February 2011 in order to stabilise the trend estimate for goods credits. The ABS will continue to monitor this series.
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