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Gross Domestic Product: March 2012 quarter
Embargoed until 10:45am  –  21 June 2012
Revisions

Summary of revisions

A number of revisions were incorporated into GDP for the March 2012 quarter. Details of these revisions are discussed below.

Gross domestic product:

  • Agriculture was revised due to the incorporation of new benchmarks from the Agricultural Production Statistics: June 2011 (final) release.
  • Updated source data resulted in revisions to the forestry and logging; fishing, aquaculture and agriculture, forestry and fishing support services; mining; manufacturing; retail trade and accommodation; information media and telecommunications; financial and insurance services; and public administration and safety components.
  • Further refinements to methodologies resulted in revisions to the electricity, gas, water, and waste services; construction; transport, postal, and warehousing; health care and social assistance; and the unallocated industry components.
  • Education and training was revised due to updated annual benchmarks.
  • Central government administration was previously published as down 3.7 percent for the December 2011 quarter. Updated information this quarter now shows a fall of 0.3 percent.

Expenditure on gross domestic product:

  • Household consumption expenditure was revised due to updated retail trade data, revised input data for communications, updated indicators, and refinements to the new IT system.
  • Gross fixed capital formation was revised due to changes to the transfer costs methodology for land improvements, other construction, residential building and non-residential building, and updated input data for transport equipment; plant, machinery, and equipment; intangibles; and other construction.
  • Revisions to change in inventories result from revised input data for agriculture and distribution inventories, and system refinements.
  • Imports and exports of goods and services were revised due to updated overseas trade and balance of payments data.

There is an ongoing programme of statistical maintenance work for GDP. New methodologies for ownership of owner-occupied dwellings, health, education, and financial intermediary services indirectly measured will be incorporated into the national accounts later in the year. These revisions will coincide with the usual incorporation of the latest annual benchmarks.

Quarter Gross domestic product – percent change from previous quarter Expenditure on gross domestic product – percent change from previous quarter

 

 Previously published

Revised

Previously published 

Revised 

March 2007

 1.1

1.1

0.7

0.7

June 2007

 0.7

0.5

1.7

1.7

September 2007

 0.7

0.6

1.0

0.9

December 2007

 0.3

0.4

0.3

0.2

March 2008

 -0.2

0.0

-0.5

-0.3

June 2008

 -0.9

-0.9

-1.4

-1.5

September 2008

 0.0

-0.1

-0.4

-0.4

December 2008

 -0.4

-0.8

-0.1

-0.2

March 2009

 -1.3

-1.6

-0.3

-0.4

June 2009

-0.6

-0.5

0.8

0.8

September 2009

 0.1

0.3

0.2

0.2

December 2009

 0.7

1.0

0.8

0.7

March 2010

 0.6

0.6

0.6

0.5

June 2010

 0.6

0.7

0.1

0.1

September 2010 

 0.1

-0.1 

-0.8

-1.1

December 2010 

0.0

0.0

0.0

0.1

March 2011 

 0.5

0.6 

0.4

 0.3

June 2011 

 0.3

0.4

0.1 

0.2

September 2011

 0.2

0.4 

0.2 

0.6

December 2011

 0.3

0.4

0.3

0.4

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