DBNotes Countries - Feb04

MAIN ECONOMIC INDICATORS DATABASE NOTES
FEBRUARY 2004

AVAILABLE ON DISK FROM 06/02/2004
(STA05)DBNotes/Feb

EXPANSION OF DATA FOR BUSINESS AND CONSUMER OPINION SURVEYS

The OECD has recently undertaken a project to significantly expand the range of data series it provides on business and consumer opinion (tendency) surveys. This is in response to the increasing use of these data for monitoring and forecasting business cycles, and in econometric models to predict key macro economic variables (e.g. GDP, Industrial Production). An important aspect of these data is their timeliness, with data for the most recent month being made available in all Main Economic Indicators (MEI) online and CD-ROM products e.g. February data will be available in the March release.

Historically, data on business tendencies has been restricted to the manufacturing sector. However, a key aspect of development work by the OECD in this area has been to identify a set of indicators to summarise business tendencies in the Construction, Retail Trade and Other Services industries. Data on these sectors will be published for the first time in the March 2004 issue of all MEI online and CD-ROM products for European Union countries, Czech Republic, Hungary, Poland, Slovak Republic, United States, Japan Korea, Switzerland and Indonesia. In addition, data series for consumer opinion surveys will be presented for Australia and Korea for the first time.

The table below provides the target list of series the OECD aims to disseminate in all MEI online and CD-ROM products from March 2004 for business and consumer opinion surveys. Coverage of these series will vary slightly amongst countries depending on the availability of data. The exact list of new series to be published for each country and their series codes (including series for China which were first introduced in December 2003) can be accessed in the Excel file NEW BTS-CTS.xls (new data for Business and Consumer Opinion Surveys). This link also contains series which the OECD intends to stop publishing from March 2004 (indicated by an S in the first column of the EXCEL file).

For further information on the inclusion of these new series or the planned removal of existing series, please contact Ronny Nilsson at ronny.nilsson@oecd.org.

Target list of series for Business and Consumer Opinions

Manufacturing industry
    Manufacturing confidence indicator
    Business situation: present
    Business situation: future
    Production: tendency
    Production: future tendency
    Orders inflow or demand: tendency
    Order books: level
    Export order books: level
    Finished goods stocks: level
    Raw material stocks: present situation
    Rate of capacity utilisation
    Employment: future tendency
    Selling prices: future tendency

Construction
    Construction confidence indicator
    Business (activity) situation: present
    Business (activity) situation: future
    Demand/Orders inflow: future tendency
    Order books: level
    Employment: future tendency
    Selling prices: future tendency

Retail Trade
    Retail confidence indicator
    Business (activity) situation: present
    Business (activity) situation: future
    Volume of stocks: level
    Employment: future tendency
    Order intentions or demand

Other Services
    Service confidence indicator
    Business (activity) situation: present
    Business (activity) situation: future
    Demand evolution: tendency
    Demand evolution: future tendency
    Employment: tendency
    Employment: future tendency

Consumer opinions
    Consumer confidence indicator
    Expected inflation
    Expected economic situation

 

SEASONAL ADJUSTMENTS


New seasonal adjustments by OECD are generally carried out once a year, when the December figure is available. Revisions to individual series due to new seasonal adjustments by national source or by OECD are not signalled in this note.

FOR FURTHER DETAILS


Detailed methodological information, updated with a delay of one month, is available on this CD-ROM in \doc\MetaCtr.htm or at http://www.oecd.org/std/mei.
Questions relating to these database notes should be directed by e-mail to stat.contact@oecd.org.

Countries List

UNITED STATES    KOREA    FRANCE    LUXEMBOURG    POLAND    SWEDEN    SWITZERLAND    BRAZIL    



UNITED STATES

(Back to the countries list)

National Accounts
 The following series has been suppressed:
   Profits after tax USA.NITPRAT.CARSA
Share prices
 The following series now refers to the New York Stock Exchange Composite Index, base period 1 December 2002=5000:
   Share prices: NYSE CompositeUSA.SPASTT01.IXOB


KOREA

(Back to the countries list)

Producer Prices
 These series have been revised from 1965 to 1990 as new data were made available by source Institute.
   PPI AGRICULTURE FOREST MARINEKOR.PPAGTT01.IXOB
   PPI MININGKOR.PPIAMI01.IXOB
   PPI MANUFACTURINGKOR.PPIAMP01.IXOB
   PPI TOTALKOR.PPIATT01.IXOB
   PPI ELECTRICITY WATER GASKOR.PPOEUT01.IXOB


FRANCE

(Back to the countries list)

Production
 New national base year (2000=100) for the following series:
   IIP CONSTRUCTIONFRA.PRPECN01.IXOB
   IIP CONSTRUCTION SAFRA.PRPECN01.IXOBSA
   IIP ENERGYFRA.PRPEEN01.IXOB
   IIP ENERGY SAFRA.PRPEEN01.IXOBSA
   Industrial production ISIC C-EFRA.PRPEIN01.IXOB
   Industrial production ISIC C-E saFRA.PRPEIN01.IXOBSA
   IIP MANUFACTURINGFRA.PRPEMN01.IXOB
   IIP MANUFACTURING SAFRA.PRPEMN01.IXOBSA
   IIP AGRICULTURE AND FOODFRA.PRTGAF01.IXOB
   IIP AGRICULTURE AND FOOD SAFRA.PRTGAF01.IXOBSA
   IIP CONSUMER GOODSFRA.PRTGCG01.IXOB
   IIP CONSUMER GOODS SAFRA.PRTGCG01.IXOBSA
   IIP vehiclesFRA.PRTGDU06.IXOB
   IIP vehicles saFRA.PRTGDU06.IXOBSA
   Production Intermediate goods excluding energyFRA.PRTGIG02.IXOB
   Production Intermediate goods excluding energyFRA.PRTGIG02.IXOBSA
   IIP INVESTMENT GOODSFRA.PRTGVG01.IXOB
   IIP INVESTMENT GOODS SAFRA.PRTGVG01.IXOBSA




LUXEMBOURG

(Back to the countries list)

Employment
 The following series has been suppressed:
    Wage earners Iron & SteelLUX.EMWEIS01.ST
 The following series have been included. Data refer to the domestic concept and are derived from Social Security registers:
   Civilian EmploymentLUX.EMESTT02.IXOB
   Civilian EmploymentLUX.EMESTT02.ST
 The following series has been included. Data are derived from Social Security registers:
   Frontier workers (balance)LUX.EMOTFW01.ST




POLAND

(Back to the countries list)

Construction
 The following series has been included:
   Construction permits: total dwellingsPOL.CNPIDW01.ML
Domestic Demand
 The following series has been included (replacing POL.DDRSVA01.NCML):
   RETAIL SALES VALUEPOL.DDRSVA01.NCIXOB
 The following series has been included (replacing POL.DDRSVA01.NCMLSA):
   RETAIL SALES VALUE SAPOL.DDRSVA01.NCIXOBSA



SWEDEN

(Back to the countries list)

Production
 New national base year (2000=100) for the following series:
   Industrial production ISIC C-D sa - proxySWE.PRPEIN01.IXOBSA
   IIP MINING & MANUFACTURINGSWE.PRPEMM01.IXOB
   IIP MINING & MANUFACTURING SASWE.PRPEMM01.IXOBSA
   IIP MANUFACTURINGSWE.PRPEMN01.IXOB
   IIP MANUFACTURING SASWE.PRPEMN01.IXOBSA
Manufacturing
 New national base year (2000=100) for the following series:
   DELIVERIES MANUFACTURINGSWE.MNDLVA01.IXOB
   NEW ORDERS MANUFACTURINGSWE.MNNOVA01.IXOB


SWITZERLAND

(Back to the countries list)

Interest Rates
 In line with a recommendation from the source agency, the following series has replaced CHE.IRT3ED01.ST (3-month euro deposits):
   3-months LiborCHE.IRT3IB02.ST




BRAZIL

(Back to the countries list)

Other labour market indicators
 The following series has been included:
   Monthly hours of workBRA.OLHWIN01.IXOBSA
 The following series has been included (replacing BRA.OLHWIN01.IXNB):
   Monthly hours of workBRA.OLHWIN01.IXOB
Labour compensation
 The following series has been suppressed:
   Real average monthly earnings: totalBRA.LCEATT03.NCML