5671.0 - Lending Finance, Australia, Feb 2011
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/04/2011
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FEBRUARY KEY POINTS
FEBRUARY 2011 COMPARED WITH JANUARY 2011:
HOUSING FINANCE FOR OWNER OCCUPATION
In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions impact on January 2011 data for:
Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.
IMPACT OF THE FLOODS
Extensive flooding began in late December 2010 in Queensland, and was more extensive in both Queensland and other states in January 2011. The collection and processing of data included in this publication were not disrupted.
On a month to month basis, original and seasonally adjusted series can be impacted by a number of factors including interest rates, consumer confidence and unusual influences. National estimates for housing finance for owner occupation, personal, commercial and lease finance are seasonally adjusted. In February 2011, in seasonally adjusted terms, the national estimate for each of these items fell. However, the specific impact of floods, if any, on these estimates can not be quantified.
The trend series provide an estimate of the underlying behaviour of a series over time but, in the short term, may be distorted by unusual influences impacting on the original and seasonally adjusted estimates. Trend series will be subject to revision in future issues as additional monthly original estimates become available. Users are advised to exercise caution when using the most recent trend estimates. For further information please refer to page 3 of the August 2009 issue of Australian Economic Indicators (cat. no. 1350.0).
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Wolfgang Hertel on Canberra (02) 6252 7883.
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