-
MONDAY, AUGUST 7, 1989
THE
ESTIMATE FOR GROSS
MINOR REVISION HAS ALSO BEEN MADE TO DOMESTIC FIXED CAPITAL FORMATION AT CONSTANT PRICES.
REVISED PRODUCTION-BASED GDP ESTIMATES FOR 1987 (TABLE 2)
THE REVISED PROVISIONAL ESTIMATE OF
THE PRODUCTION-BASED GDP $348,940 MILLION (AT FACTOR COST), MILLION OR 0.7 PER CENT
AT CURRENT PRICES FOR 1987 IS WHICH HAS BEEN REVISED UPWARDS BY 82,261 COMPARED TO THE PROVISIONAL ESTIMATE PUBLISHED IN MARCH 1989.
BEEN MADE TO THE RELATIVELY MORE SIGNIFICANT REVISIONS HAVE
AND THE AND PERSONAL SERVICES ESTIMATES FOR THE COMMUNITY, SOCIAL
UPWARD ADJUSTMENTS OWNERSHIP OF PREMISES SECTORS IN WHICH RESPECTIVE OF $1,490 MILLION AND $1,309 MILLION HAVE BEEN MADE.
ESTIMATE FOR BEEN ADJUSTED THAT FOR THE 10.0 PER
IN TERMS OF PERCENTAGE CONTRIBUTIONS TO GDP. THE THE COMMUNITY, SOCIAL AND PERSONAL SERVICES SECTOR HAS AND 15.3 PER CENT. CENT TO UPWARDS FROM 14.9 PER OWNERSHIP OF PREMISES SECTOR HAS BEEN ADJUSTED UPWARDS FROM CENT TO 10.3 PER CENT.
CONCURRENTLY, DOWNWARD REVISIONS
IN PERCENTAGE CONTRIBUTIONS CENT TO GDP HAVE BEEN MADE IN THE MANUFACTURING SECTOR (FROM 22.1 PER
BUSINES9 TO 21.7 PER CENT), THE FINANCING, INSURANCE, REAL ESTATE AND
PER CENT TO 18.1
AND THE SERVICES SECTOR (FROM 18.4 PER
TRADES, RESTAURANTS AND HOTELS WHOLESALE, RETAIL AND IMPORT/EXPORT SECTOR (FROM 23.2 PER CENT TO 23.0 PER CENT).
CENT)
REVISIONS MADE TO THE
OTHER
ECONOMIC SECTORS ARE
GENERALLY
INSIGNIFICANT.
ECONOMIC
FOLLOWING SURVEYS
THE PRODUCTION-BASED GDP ESTIMATES HAVE BEEN REVISED
THE ANNUAL THE AVAILABILITY OF FINAL RESULTS FROM COVERING VARIOUS SECTORS.
THE SCHEDULE FOR PUBLISHING GDP ESTIMATES
THE ROUTINE PROCESS OF BECAUSE THE DATA
REVISIONS OF THIS NATURE ARE PART OF PRODUCING ESTIMATES OF THE GDP. THEY ARE NECESSARY USED IN COMPILING THE GDP ESTIMATES ARE AVAILABLE IN STAGES AND WITH SIGNIFICANT TIME LAGS.
OFTEN
ESTIMATES,
YEAR AT THE
TIME
WITH
AS A RESULT, THE COMPILATION OF THE PRELIMINARY GDP WHICH ARE PUBLISHED AROUND FEBRUARY/MARCH OF EACH OF THE BUDGET, INVOLVES USING PARTIAL DATA FOR THE PREVIOUS YEAR THE DATA GAPS BEING BRIDGED BY EXTRAPOLATION AND JUDGEMENT.
OVER THE
YEARS, TWO FOLLOWING
THE ACCORDINGLY,
INCREASINGLY ESTIMATES
COMPLETE OF THE GDP
DATA
ARE
BECOME AVAILABLE AND,
REVISED AT HALF-YEARLY INTERVALS.
FURTHER DETAILS CONCERNING THE REVISED
GDP ESTIMATES MAY BE STATISTICS
OBTAINED FROM THE NATIONAL INCOME BRANCH OF THE CENSUS AND DEPARTMENT ON TEL. 5-8235077.
/TABLE 1