TOTAL SELECTED INDUSTRIES
For Total selected industries in 2010-11, applying off-June year adjustments resulted in a $3.4b (0.4%) increase in the estimate for IVA. Similarly, estimates of total income and total expenses increased by $15.8b (0.6%) and $16.6b (0.7%) respectively, and the off-June year adjusted estimate of wages and salaries was $2.7b (0.6%) higher than the original estimate.
In 2009-10, for Total selected industries, off-June adjustments increased the original estimate of IVA by $6.8b (0.8%). Estimates of total income and total expenses increased by $15.4b (0.6%) and $14.6b (0.7%) respectively, and the off-June year adjusted estimate of wages and salaries increased by $1.5b (0.4%).
In 2010-11 the differences between original and off-June adjusted estimates for wages and salaries were minor, generally increasing. The largest adjustment was to Mining ($0.8b or 3.9%).
The industries with the largest increases between original and off-June adjusted total income estimates for 2010-11 were Mining ($6.7b or 3.0%) and Manufacturing ($2.4b or 0.6%). Total income estimates for Education and training and Health care and social assistance remained unchanged, as off-June adjustment factors were not able to be generated for this data item for these industries (see 'Scope and Population' in Chapter 2).
The industries with the largest increases between original and off-June adjusted total expenses estimates in 2010-11 were Manufacturing ($4.4b or 1.2%) and Mining ($4.0b or 2.8%).
The largest contributing industry to the increases in off-June adjusted IVA estimates in 2010-11 was Mining ($4.1b or 3.1%), which was off-set by a decrease in Manufacturing ($1.6b or 1.6%).
These findings demonstrate that changes in the key estimates of IVA, total income and total expenses were mostly attributed to movements in the Mining, Manufacturing and Wholesale trade industries. As demonstrated in Table 2.1, the off-June reporting businesses in these industries make a substantial contribution to estimates of IVA, and the extent of variation between original and off-June adjusted estimates indicates that these industries were influenced by fluctuations in trading conditions over time. Conversely, although off-June reporting businesses also made a significant contribution to estimates of IVA in Education and training (Table 2.1), off-June adjusted estimates differ only marginally from original values, indicating that this industry experienced minimal variation in trading conditions over time (Table A1.1),
In general, the results presented above were in line with initial expectations, and provide an estimate of the extent of variation caused by the issue of off-June reporting in EAS.
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