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SUMMARY OF REVISIONS SINCE THE LAST ISSUE OF THIS PUBLICATION
Table 28 summarises revisions, in original current price terms, since the last issue of this publication.
Incorporation of the latest survey and administrative data has resulted in revisions to the balance of payments series back to the September quarter 1959. In original current price terms, these revisions have:
The International Investment Position (IIP) has been revised back to the December quarter 2003. As a result, Australia's net IIP liability as at 30 June 2017 decreased by $54,591m to a liability position of $945,673m. The financial account surplus has been revised up by $6,623m from $3,949m to $10,572m as at June quarter 2017.
The full time series for the revisions are available in Table 28, Summary of revisions, from the 'Download' tab of this issue.
Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates and the incorporation of estimates for the latest quarter and the annual re-analysis. For details on the seasonal re-analysis see the Annual seasonal re-analysis section.
Chain volume estimates, implicit price deflators and terms of trade indexes have been revised as a result of the incorporation of revised estimates and seasonal factors and the introduction of a new reference year. For details see the New base year and re-referencing of chain volume estimates, implicit price deflators and terms of trade indexes section for details.
Data in this issue aligns with the data in the September quarter 2017 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 6 December 2017.
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