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The financial account and international investment position have been revised back to September quarter 2010, resulting in an increase of $4,459m in Australia's net IIP liability as at 31 March 2012 to a liability position of $884,672m.
The full time series for the revisions are available in Table 36, 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.
In seasonally adjusted terms, the revisions decreased the volume deficit on goods and services by $129m (1%) for the March quarter 2012.
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