CHANGES IN THIS AND FORTHCOMING ISSUES
CHANGES IN THIS ISSUE
INTERNATIONAL MERCHANDISE TRADE BY STATE, CURRENT PRICE AND CHAIN VOLUME MEASURES
From this issue current price and chain volume measures for international merchandise trade by state have been published as additional time series spreadsheet tables 113a, 113b, 114a and 114b. These series are replacements for similar estimates that were previously published in Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0).
IMPROVEMENTS IN NOMINEE ESTIMATES
An improved methodology for compiling nominee data has been implemented in line with the Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). The implementation of the new methodology also includes updated sectoral and industry allocation of security issuers based on the Standard Economic Sector Classifications of Australia (SESCA), 2008 (cat. no. 1218.0) and the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (cat. no. 1292.0), and more accurate counterpart country data. The resulting revisions mainly affect portfolio investment liabilities, equity and investment fund shares and debt securities from September quarter 2010. The technical note included in this publication provides more detailed information on the new methodology implemented.
CHANGES IN FORTHCOMING ISSUES
ANNUAL SEASONAL RE-ANALYSIS
The seasonally adjusted and trend estimates of goods and services, secondary income and primary income will be revised in the September quarter 2014 issue as a result of the annual seasonal re-analysis. This re-analysis reviews the seasonal and trading day factors in more detail than is possible in the quarterly processing cycle and assesses the appropriateness of any prior corrections.
NEW BASE YEAR AND RE-REFERENCING OF CHAIN VOLUME ESTIMATES AND IMPLICIT PRICE DEFLATORS
A new base year 2012-13 will be introduced into chain volume estimates and implicit price deflators in the September quarter 2014 issue. As a result, the chain volume estimate series and implicit price deflator series will be re-referenced to 2012-13.