5676.0 - Business Indicators, Australia, Dec 2018 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2019
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DECEMBER KEY POINTS
CHAIN VOLUME ESTIMATES
CURRENT PRICE ESTIMATES
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 2018 is $1,659m which is $264m lower than the September quarter 2018 IVA of $1,923m.
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.
CESSATION OF A PDF PRODUCT
The ABS intends to cease publishing a PDF as part of the release of ABS cat. no. 5676.0 Business Indicators, Australia. All of the information that is contained in the PDF will continue to be available elsewhere in this release.
The March quarter 2019 issue, released in June 2019, is expected to be the final release with a PDF. Should you have any concerns regarding this transition, please contact us at firstname.lastname@example.org.
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