5676.0 - Business Indicators, Australia, Mar 2019 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/06/2019
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March key points
Chain volume estimates
Current prices 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 March quarter 2019 is $634m which is $1,025m lower than the December quarter 2018 IVA of $1,659m.
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. An annual seasonal reanalysis was conducted for Business Indicators, Australia in March 2019. As a result, revisions will be seen in the seasonally adjusted and trend estimates for some series including CGOP.
Cessation of a PDF product
The ABS will 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 current release, the March quarter 2019 issue, is 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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