ANALYSIS BY INDUSTRY


FEATURED SERIES

The following graphs and commentary refer to seasonally adjusted and trend estimates of: sales of goods and services ('Sales') and inventories ('Inv.') in volume terms; and wages and salaries ('Wages') and company gross operating profits ('CGOP') in current price terms.

TOTAL ALL INDUSTRIES

In current price terms, the trend estimate for company gross operating profits increased 1.4% in the June quarter 2007. The seasonally adjusted estimate also increased 1.4%, with a 3.8% increase in mining profits the largest contributor to growth. In current price terms, the trend estimate for wages and salaries increased 2.4%. The seasonally adjusted estimate increased 2.2%, after two quarters of even stronger growth.

In volume terms, the trend estimate for total inventories increased 0.8% this quarter. The seasonally adjusted estimate increased 0.4% this quarter following an increase of 1.5% in the March quarter.

MINING

In current prices, the trend estimate for company gross operating profits declined by 1.0%, the fourth consecutive fall. The seasonally adjusted estimate rose by 3.8% following three consecutive quarters of falls. In current price terms, the trend estimate for wages and salaries increased 3.1% this quarter. The seasonally adjusted estimate increased 4.5%, following an increase of 2.9% in the previous quarter.

In volume terms, the trend estimate for sales of goods and services increased 0.9% this quarter. The seasonally adjusted estimate increased 4.0%, following falls in each of the previous two quarters. In volume terms, the trend estimate for inventories increased 4.8% this quarter. The seasonally adjusted estimate increased 5.1% this quarter following growth of 6.4% in the previous quarter with bad weather affecting shipments late in the June quarter.

MANUFACTURING

In current price terms, the trend estimate for company gross operating profits increased 1.6%. The seasonally adjusted estimate also increased by 1.6% this quarter following a 5.5% increase the previous quarter. In current price terms, the trend estimate for wages and salaries increased 1.4% this quarter. The seasonally adjusted estimate increased 1.5%, a little slower than the 1.8% increase in the March quarter.

In volume terms, the trend estimate for sales of goods and services increased 0.5%. The seasonally adjusted estimate decreased by 0.3% following three consecutive increases. In volume terms, the trend estimate for inventories increased 0.9% this quarter. The seasonally adjusted estimate increased 0.8%, a similar growth rate to the previous quarter.

CONSTRUCTION

In current prices, the trend estimate for company gross operating profits increased 7.0% this quarter following a revised rise of 8.0% in the March quarter. The seasonally adjusted estimate increased 13.8% following a virtually flat (0.3%) increase in the previous quarter. The trend estimate for wages and salaries increased 3.0% this quarter. The seasonally adjusted estimate increased 1.6% following strong increases in the previous two quarters.

In volume terms, the trend estimate for sales of goods and services increased 2.8% this quarter. The seasonally adjusted estimate increased 2.6% this quarter, a little faster than the 2.3% increase in the March quarter.

WHOLESALE TRADE

In current prices, the trend estimate for company gross operating profits increased 0.7% this quarter. The seasonally adjusted estimate increased 2.6% after a small fall (-0.4%) the previous quarter. In current prices, the trend estimate for wages and salaries increased 1.7% this quarter. The seasonally adjusted estimate increased 1.2% following a 3.2% rise in the previous quarter.

In volume terms, the trend estimate for sales of goods and services increased 1.0% this quarter. The seasonally adjusted estimate increased 0.4% which was somewhat slower than the previous two quarters. In volume terms, the trend estimate for inventories increased by 0.8% this quarter. The seasonally adjusted estimate increased 0.7% following a 1.7% rise in the March quarter.

RETAIL TRADE

In current prices, the trend estimate for company gross operating profits increased 5.2% this quarter. The seasonally adjusted estimate increased 3.0%, following an increase of 6.3% in the previous quarter. In current price terms, the trend estimate for wages and salaries increased 1.8% this quarter. The seasonally adjusted estimate increased 1.5%, the fifth consecutive rise.

In volume terms, the trend estimate for sales of goods and services increased 1.3% this quarter. The seasonally adjusted estimate decreased 0.4% following three consecutive increases. In volume terms, the trend estimate for inventories was virtually unchanged this quarter rising only $9 million. The seasonally adjusted estimate decreased by 1.6%, falling after two consecutive increases.

TRANSPORT AND STORAGE

In current prices, the trend estimate for company gross operating profits increased 0.7% this quarter. The seasonally adjusted estimate declined by 9.6%, the first decline since the December 2005 quarter. In current price terms, the trend estimate for wages and salaries increased 3.3% this quarter. The seasonally adjusted estimate increased 4.4%, the strongest rise since March quarter 2002.

In volume terms, the trend estimate for sales of goods and services increased 2.0% this quarter. The seasonally adjusted estimate increased 0.6%, the slowest growth rate since a fall in December quarter 2005.

PROPERTY AND BUSINESS SERVICES

In current prices, the trend estimate for company gross operating profits increased 3.3% this quarter. The seasonally adjusted estimate increased 3.2%. In current price terms, the trend estimate for wages and salaries increased 2.9% this quarter. The seasonally adjusted estimate increased 2.1%, a little over half the 4.0% rise in each of the previous two quarters.

In volume terms, the trend estimate for sales of goods and services increased 1.3% this quarter. The seasonally adjusted estimate increased by 2.5% following a relatively flat increase of 0.5% in the previous quarter.