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The international investment position has been revised back to September quarter 2013. These revisions have increased Australia's net IIP liability by $1,636m to a net liability position of $865,880m at 30 June 2014.
The full time series for the revisions are available on the ABS website
<www.abs.gov.au> 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, the annual seasonal re-analysis and the re-derivation of seasonal factors under the concurrent seasonal adjustment methodology. For details on the seasonal re-analysis see the Annual seasonal re-analysis section.
Chain volume estimates, implicit price deflators and terms of trade indexes have been revised as a result of the incorporation of revised estimates and seasonal factors and the introduction of a new reference year. For details see the New base year and re-referencing of chain volume estimates, implicit price deflators and terms of trade indexes section for details.
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