5302.0.55.004 - Balance of Payments - Goods and Services, Preliminary Quarterly Estimates, Sep 2015
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/11/2015 Ceased
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The ABS provides information on Australia's international trade in goods and services in three publications:
Estimates may be revised between the monthly estimates in cat. no. 5368.0, the preliminary estimates in this publication and the quarterly estimates in cat. no. 5302.0. The September quarter 2015 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) will be released on 1 December 2015.
PRELIMINARY CURRENT PRICE ESTIMATES OF BALANCE ON GOODS AND SERVICES
PRELIMINARY ESTIMATES OF CHAIN VOLUME MEASURES AND PRICE INDEXES FOR GOODS DEBITS (footnote 1, footnote 2)
CHANGES IN THIS ISSUE
ANNUAL SEASONAL RE-ANALYSIS
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.
NEW BASE YEAR AND RE-REFERENCING OF CHAIN VOLUME ESTIMATES, IMPLICIT PRICE DEFLATORS AND CHAIN LASPEYRES PRICE INDEXES
A new base year 2013-14, has been introduced into chain volume estimates, implicit price deflators, and terms of trade indexes. Chain volume estimates, implicit price deflators and chain Laspeyres price indexes have been re-referenced to 2013-14. Additivity has been preserved in the quarters subsequent to the new reference year as well as the annual sum of the quarters in the reference year. Re-referencing affects the levels, but not the movements, of chain volume estimates, implicit price deflators and terms of trade indexes. This has resulted in revisions to the growth rates of chain volume estimates, implicit price deflators and chain Laspeyres price indexes for all periods from September quarter 2013.
CHANGES IN FORTHCOMING ISSUES
This September quarter 2015 is the final issue of this publication as announced in the Feature Article: Outcomes of the Review of International Accounts Statistical Outputs published in the June quarter 2015 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) released on 1 September 2015.
1 Reference year for chain volume measures and price index is 2013-14. See paragraphs 16 to 18 of the Explanatory Notes.
2 In this commentary movements in indexes are based on data to four decimal places.
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