5676.0 - Business Indicators, Australia, Jun 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/09/2019   
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June key figures

Mar Qtr 19 to Jun Qtr 19
Jun Qtr 18 to Jun Qtr 19
%
%

Sales of goods and services (Chain volume measures)
Manufacturing
Trend
-1.0
-4.0
Seasonally Adjusted
-0.6
-3.7
Wholesale trade
Trend
-0.1
0.8
Seasonally Adjusted
-1.6
0.5
Inventories (Chain volume measures)
Trend
-0.1
0.3
Seasonally Adjusted
-0.9
-0.3
Company gross operating profits
Trend
3.2
11.1
Seasonally Adjusted
4.5
12.5
Wages and salaries
Seasonally Adjusted
1.4
4.7

Inventories (volume terms), Trend estimates
Graph: Inventories (volume terms), Trend estimates

Company gross operating profits, Trend estimates
Graph: Company gross operating profits, Trend estimates



June key points


Chain volume estimates
  • The trend estimate for inventories fell 0.1% in the June quarter 2019. The seasonally adjusted estimate fell 0.9% this quarter.
  • The trend estimate for Manufacturing sales of goods and services fell 1.0% this quarter. The seasonally adjusted estimate fell 0.6% this quarter.
  • The trend estimate for Wholesale trade sales of goods and services fell 0.1% this quarter. The seasonally adjusted estimate fell 1.6%.


Current prices estimates
  • The seasonally adjusted estimate for company gross operating profits rose 4.5% in the June quarter 2019.
  • The seasonally adjusted estimate for wages and salaries rose 1.4% in the June quarter 2019.


Notes

Forthcoming issues

Issue (quarter) Release Date
September 2019 2 December 2019
December 2019 2 March 2020
March 2020 2 June 2020
June 2020 31 August 2020


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 June quarter 2019 is $2,814m which is $2,182m higher than the March quarter 2019 IVA of $632m.

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.


Inquiries

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