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Gross Domestic Product: December 2011 quarter
Embargoed until 10:45am  –  22 March 2012
Revisions

The following table gives a summary of the revisions made to the September 2011 quarter GDP.

September 2011 quarter Revised (percentage change from last quarter)   Previously published (percentage change from last quarter)
Production measure of GDP  0.7  0.8
Expenditure measure of GDP  1.0  1.0
 
A number of revisions were incorporated into GDP for the September 2011 quarter. Details of these revisions are discussed below.

Production measure of GDP:

  • Agriculture has been revised due to the incorporation of new benchmarks from the Agricultural Production Statistics: June 2011 (provisional) release.
  • Updated source data resulted in revisions to the forestry and logging; manufacturing; electricity, gas, and water; wholesale trade; and transport and storage components.
  • Education was revised due to the incorporation of new annual benchmarks.
  • Finance and insurance was revised as a result of the methodology used to calculate value added in the finance and insurance industry.

Expenditure measure of GDP:

  • Household consumption expenditure was revised due to updated source data for electricity and fringe benefits.
  • Central government final consumption expenditure was revised due to updated source data for sales and intermediate consumption.
  • Inventories were revised due to the incorporation of new benchmarks from the Agricultural Production Statistics: June 2011 (provisional) release, and updated source data for manufacturing and distribution inventories.
  • Gross fixed capital formation was revised due to updated source data for residential building; non-residential building; plant, machinery, and equipment; and other construction.
  • Imports and exports of goods and services were revised due to updated overseas trade and balance of payments data.
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