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

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

June 2011 quarter Revised (percentage change from last quarter)   Previously published (percentage change from last quarter)
Production measure of GDP  0.1  0.1
Expenditure measure of GDP  0.1  0.1
 
March 2011 quarter Revised (percentage change from last quarter)   Previously published (percentage change from last quarter)
Production measure of GDP  0.7  0.9
Expenditure measure of GDP  0.5  0.5
 
December 2010 quarter Revised (percentage change from last quarter)   Previously published (percentage change from last quarter)
Production measure of GDP  0.3  0.6
Expenditure measure of GDP  0.3  0.5

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; transport and storage; real estate and business services; and education were revised due to the incorporation of new annual benchmarks.
  • Updated source data resulted in revisions to the forestry and logging; mining; manufacturing; electricity, gas, and water supply; construction; and finance and insurance components.
  • Communication services was revised due to updated annual indicator weights.
  • There were significant revisions to the December 2010 and March 2011 quarters. These were mainly due to updated respondent and Economic Survey of Manufacturing data in the metal product manufacturing industry. As a result, December 2010 quarter data for this industry was revised from 0.6 percent to 0.3 percent, and March 2011 quarter was revised from 0.9 percent to 0.7 percent. 

Expenditure measure of GDP:

  • Household consumption expenditure was revised due to updated source data for telecommunications, electricity, insurance, fringe benefits, and recreation admission charges.
  • Local government expenditure was revised due to updated annual benchmarks.
  • Central government expenditure was revised due to updated annual benchmarks and updated source data for intermediate consumption.
  • Imports and exports of goods and services were revised due to updated overseas trade and balance of payments data.
  • Gross fixed capital formation (GFKF) was revised due to updated annual benchmarks and updated source data for transport equipment.
  • Inventories were revised due to updated source data for agriculture, forestry, manufacturing, and distribution stocks.
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