5368.0 - International Trade in Goods and Services, Australia, Jun 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/08/2009
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JUNE KEY POINTS
BALANCE ON GOODS AND SERVICES
CREDITS (EXPORTS OF GOODS & SERVICES)
DEBITS (IMPORTS OF GOODS & SERVICES)
Revisions have been made to incorporate the latest available data relating to merchandise trade and international trade in services. In original terms, these revisions have:
The Information Paper: Revisions to international standards in quarterly Balance of Payments and International Investment Position statistics from September 2009 (cat. no. 5302.0.55.002) was released on 22 July 2009 and describes the changes to the international standards and the impact on statistics presented in the quarterly Balance of Payments and International Investment Position, Australia (cat. no. 5302.0). The paper further advises timing of the proposed changes and provides access to mock-ups of the proposed publications and the related spreadsheets that will be available from the ABS web site. The related time series spreadsheets will be re-released on 27 October 2009 with new time series identifiers (IDs).
The Information Paper: Implementation of revised international statistical standards in ABS National and International Accounts (cat no. 5310.0.55.002) is expected to be released at the end of September 2009 and will describe the impact of the international standards on Australia's macro economic accounts including key aggregates for the balance of payments and international investment position. Technical information included in this paper will describe the most significant changes in more detail.
Caution should be used when interpreting recent trend estimates as they may be affected by unusual economic factors. For more details on trend estimates, please see paragraph 10 of the explanatory notes.
IRON ORE AND COAL PRICES
See Commodity prices adjustment, for details of adjustments made to the value of iron ore exports for June 2009 in the Balance of Payments series.
CHANGES IN FORTHCOMING ISSUE
See Changes in July issue and Changes in time series spreadsheets for details.
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for goods, and Karen McGuigan on Canberra (02) 6252 5415 for services.
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