MAIN ECONOMIC INDICATORS DATABASE NOTES

NOVEMBER 2003

AVAILABLE ON DISK FROM 07-11-2003
(STA05)DBNotes/Nov

 

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.






CANADA
Production
 The calculation of these series has been revised, in particular using the Chain-Fisher indice between 1997 and 2000:
   GDP AGRICULTURE(CONSTANT PR)CAN.PRPEAG01.NCIXOB
   GDP AGRICULTURE(CONSTANT PR) SACAN.PRPEAG01.NCIXOBSA
   GDP CONSTRUCTIONCAN.PRPECN01.NCIXOB
   GDP CONSTRUCTION SACAN.PRPECN01.NCIXOBSA
   Real GDP: industry ISIC C-E - proxyCAN.PRPEIN01.NCIXOB
   Real GDP: industry ISIC C-E sa - proxyCAN.PRPEIN01.NCIXOBSA
   GDP MFG VOLUME (INDEX)CAN.PRPEMN01.NCIXOB
   GDP MFG VOLUME (INDEX) SACAN.PRPEMN01.NCIXOBSA
   GDP SERVICES VOLUME (INDEX)CAN.PRPESE01.NCIXOB
   GDP SERVICES VOLUME (INDEX) SACAN.PRPESE01.NCIXOBSA
   GDP TOTAL VOLUME (INDEX)CAN.PRPETT01.NCIXOB
   GDP TOTAL VOLUME (INDEX) SACAN.PRPETT01.NCIXOBSA
   GDP DUR. GOODS VOLUME MFGCAN.PRTGDU01.NCIXOB
   GDP DUR. GOODS VOLUME MFG SACAN.PRTGDU01.NCIXOBSA
   GDP NON-DUR GDS VOL MFGCAN.PRTGND01.NCIXOB
   GDP NON-DUR GDS VOL MFG SACAN.PRTGND01.NCIXOBSA
Labour compensation
 The following series has been revised due to new methodology for industrial production:
   Unit labour cost: manufacturing saCAN.LCULMN01.IXOBSA
Monetary aggregates and their components
 The following series has been suppressed:
   SAVINGS DEPOSITS CHART BANKS SACAN.MASDTB01.STSA
Domestic credit and debt
 The following series has been revised by source from June 2000 onwards:
   CREDIT TO PRIVATE SECTORCAN.CRBLPV01.ST
Security issues
 The following series has been revised by source from Q1 2000 onwards:
   NET NEW SECURITY ISSUES CORPCAN.SICACO01.NCCU
Foreign Trade
 The following series are now seasonally adjusted by the source:
   ITS Exports f.o.b. total saCAN.XTEXVA01.NCMLSA
   ITS Imports f.o.b. total saCAN.XTIMVA01.NCMLSA
   ITS Net trade (f.o.b. - f.o.b.) saCAN.XTNTVA01.NCMLSA


MEXICO
Interest Rates
 The following series has been revised for the period 1990 to 1999 to bring data in line with those published by the Bank of Mexico:
   364-day CETES rateMEX.IRLTGV01.ST
 The following series is now available from January 1978 and has been revised for the period 1981 to 1998 to bring data in line with those published by the Bank of Mexico:
   91-day CETES rateMEX.IRT3IB01.ST


UNITED STATES
Domestic credit and debt
 The following series have been revised by source from 1990 onwards. Data are affected by declines in some banks' reported consolidations of variable interest entities (VIEs):
   COMM BANKS LOANS+INVESTMENTSUSA.CRBLTT03.ST
   COMM BANKS LOANS+INVESTMENTS SAUSA.CRBLTT03.STSA
   COMMERCIAL BANKS LOANSUSA.CRLOTB01.ST
   COMMERCIAL BANKS LOANS SAUSA.CRLOTB01.STSA
Interest Rates
 The following series is now available from July 1964 and has been revised for the period 1970 to 1973 to bring data in line with those published by the Federal Reserve:
   3-month CDs rateUSA.IRT3CD01.ST

AUSTRALIA
Business tendency surveys (manufacturing)
 New series code for the following series (previously AUS.BSCUFC01.ST):
   BSS Capacity utilisation above normalAUS.BSCUAN01.ST

JAPAN
National Accounts
 New series code for the following series (previously JPN.CMPGDP.DOBSA):
   Gross domestic product JPN.EXPGDP.DNBSA

KOREA
National Accounts
 New series code for the following series (previously KOR.CMPGDP.DOBSA):
   Gross domestic product KOR.EXPGDP.DNBSA



NEW ZEALAND
Employment
 The following series has been recalculated by source from the first quarter of 2000 as a result of a change to the maintenance of the Business Frame of the Quarterly Employment Survey (in October 2003, 'Employee count' replaced 'Full-time equivalent' employees as the business size indicator in the sample design).
   Employees : totalNZL.EMDPTT01.ST
Labour compensation
 The following series has been recalculated by source from the first quarter of 2000 as a result of a change to the maintenance of the Business Frame of the Quarterly Employment Survey (in October 2003, 'Employee count' replaced 'Full-time equivalent' employees as the business size indicator in the sample design).
   Hourly earnings manufacturingNZL.LCEAMN01.IXOB
Share prices
 New series code for the following series (previously NZL.SPINTT01.IXOB). The series is now coded as an all shares index, reflecting its coverage.
   Share prices: NZSE All shares "Capital" indexNZL.SPASTT01.IXOB


AUSTRIA
National Accounts
 The following seasonally adjusted series have been included replacing non seasonally adjusted series:
   Exports of goods and services AUT.EXPEXP.VNBQRSA
   Government final consumption expenditure AUT.EXPGC.VNBQRSA
   Gross domestic product AUT.EXPGDP.CQRSA
   Gross domestic product AUT.EXPGDP.DNBSA
   Gross domestic product AUT.EXPGDP.VNBQRSA
   Gross fixed capital formation AUT.EXPGF.VNBQRSA
   Imports of goods and services AUT.EXPIMP.VNBQRSA
   Private final consumption expenditure AUT.EXPPC.VNBQRSA
   Statistical discrepancy (gdp by exp) AUT.EXPSD.VNBQRSA
   Increase in stocks and net acqu.of valuables AUT.EXPSTNV.VNBQRSA
Production
 New national base year (2000=100) for the following series from 1996:
   Industrial production ISIC C-EAUT.PRPEIN01.IXOB
   Industrial production ISIC C-E saAUT.PRPEIN01.IXOBSA
   IIP MANUFACTURINGAUT.PRPEMN01.IXOB
   IIP MANUFACTURING SAAUT.PRPEMN01.IXOBSA
   IIP DURABLE CONSUMER GOODSAUT.PRTGCG02.IXOB
   IIP DURABLE CONSUMER GOODS SAAUT.PRTGCG02.IXOBSA
   IIP NON DURABLE CONSUMER GOODSAUT.PRTGCG03.IXOB
   IIP NON DURABLE CONSUMER GOODS SAAUT.PRTGCG03.IXOBSA
   IIP INTERMED. GDS (ENERGY)AUT.PRTGEN01.IXOB
   IIP INTERMED. GDS (ENERGY) SAAUT.PRTGEN01.IXOBSA
   IIP INTERMEDIATE GOODS EXCL. ENERGYAUT.PRTGIG02.IXOB
   IIP INTERMEDIATE GOODS EXCL. ENERGY SAAUT.PRTGIG02.IXOBSA
   IIP INVESTMENT GOODSAUT.PRTGVG01.IXOB
   IIP INVESTMENT GOODS SAAUT.PRTGVG01.IXOBSA



BELGIUM
National Accounts
 New national reference year (2000=100) for the following series:
   Exports of goods and services BEL.EXPEXP.VNBQRSA
   Government final consumption expenditure BEL.EXPGC.VNBQRSA
   Gross domestic product BEL.EXPGDP.CQRSA
   Gross domestic product BEL.EXPGDP.VNBQRSA
   Gross fixed capital formation BEL.EXPGF.VNBQRSA
   Imports of goods and services BEL.EXPIMP.VNBQRSA
   Private final consumption expenditure BEL.EXPPC.VNBQRSA
   Change in stocks BEL.EXPST.VNBQRSA
 New series code for the following series (previously BEL.CMPGDP.DOBSA):
   Gross domestic product BEL.EXPGDP.DNBSA
Employment
 The following series has been included:
   Civilian employmentBEL.EMESTT02.ST

CZECH REPUBLIC
Foreign Trade
 The following series are now seasonally adjusted by the source:
   ITS Exports f.o.b. total saCZE.XTEXVA01.NCMLSA
   ITS Imports f.o.b. total saCZE.XTIMVA01.NCMLSA
   ITS Net trade (f.o.b. - f.o.b.) saCZE.XTNTVA01.NCMLSA

DENMARK
National Accounts
 New series code for the following series (previously DNK.CMPGDP.DOBSA):
   Gross domestic product DNK.EXPGDP.DNBSA


FRANCE
National Accounts
 New series code for the following series (previously FRA.CMPGDP.DOBSA):
   Gross domestic product FRA.EXPGDP.DNBSA
Consumer Price Index
 The following series have been revised from 1990 to 1998 as more historical data were available from source.
   CPI All itemsFRA.CPALTT01.IXOB
   CPI Food excl. restaurantsFRA.CPGDFD02.IXOB
   CPI EnergyFRA.CPGREN01.IXOB
   CPI All items non-food non-energyFRA.CPGRLE01.IXOB
   CPI RentFRA.CPSEHO02.IXOB
   CPI SERVICES LESS RENTFRA.CPSELR01.IXOB



GERMANY
National Accounts
 New series code for the following series (previously DEU.CMPGDP.DOBSA):
   Gross domestic product DEU.EXPGDP.DNBSA
Manufacturing
 New national base year (2000=100) for the following series:
   Turnover Volume Total ManufacturingDEU.MNSLVO01.IXOB
   Turnover Volume Durable Consumer GoodsDEU.MNSLVO05.IXOB
   Turnover Volume Non-durable Consumer GdsDEU.MNSLVO06.IXOB
   Turnover Volume Intermediate GoodsDEU.MNSLVO07.IXOB
   Turnover Volume Investment GoodsDEU.MNSLVO08.IXOB
   Turnover Volume Total DomesticDEU.MNSLVO09.IXOB
   Turnover Volume Total ExportDEU.MNSLVO10.IXOB
Labour compensation
 New national base year (2000=100) for the following series from the fourth quarter of 1995:
   DEU Hourly earnings manufacturingDEU.LCEAMN01.IXOB






GREECE
Employment
 The following series have been included:
   Civilian EmploymentGRC.EMESTT02.ST
   Employment : Part-timeGRC.EMOTPT01.ST
 From 1998, the following series is compiled from the quarterly Households Labour Force Survey:
   Employees: manufacturingGRC.EMDPIN03.IXOB
Unemployment
 The following series have been included:
   UNEMPLOYMENT TOTALGRC.UNLVSU01.ST
   Unemp % tot. labour force (LFS)GRC.UNRTSU01.ST
 The following series have been suppressed:
   REGISTERED UNEMPLOYEDGRC.UNLVRG01.ST
   REGISTERED UNEMPLOYED SAGRC.UNLVRG01.STSA
Other labour market indicators
 The following series has been suppressed:
   WEEKLY HOURS OF WORK MFGGRC.OLHWMN02.ST
Labour compensation
 The following series have been suppressed:
   Hourly earnings manufacturingGRC.LCEAMN01.IXOB
   Unit labour cost: manufacturingGRC.LCULMN01.IXOB

ICELAND
Unemployment
 The following series, previously available half-yearly until 2002, is now available quarterly from 2003, following the replacement of the half-yearly Labour Force survey by a continuous quarterly survey:
   Unemp % tot. labour force (LFS)ISL.UNRTSU01.ST


ITALY
National Accounts
 New series code for the following series (previously ITA.CMPGDP.DOBSA):
   Gross domestic product ITA.EXPGDP.DNBSA
Producer Prices
 The following series has been revised to incorporate historical data for the components of the series from source computed on base 2000=100; starting with year 2001 data have been corrected as a mistake was found in the formula for combining the components.
   PPI INTERMEDIATE GOODSITA.PPTGIG01.IXOB



NETHERLANDS
National Accounts
 New series code for the following series (previously NLD.CMPGDP.DOBSA):
   Gross domestic product NLD.EXPGDP.DNBSA
Production
 The following series have been revised by source due to new methodology:
   Industrial production ISIC C-ENLD.PRPEIN01.IXOB
   Industrial production ISIC C-E saNLD.PRPEIN01.IXOBSA
   IIP MANUFACTURINGNLD.PRPEMN01.IXOB
   IIP MANUFACTURING SANLD.PRPEMN01.IXOBSA
Unemployment
 The following series has been included:
   REGISTERED UNEMPLOYMENT SANLD.UNLVRG01.STSA

PORTUGAL
National Accounts
 New series code for the following series (previously PRT.CMPGDP.DOBSA):
   Gross domestic product PRT.EXPGDP.DNBSA

SPAIN
National Accounts
 New series code for the following series (previously ESP.CMPGDP.DOBSA):
   Gross domestic product ESP.EXPGDP.DNBSA








UNITED KINGDOM
National Accounts
 The following series have been revised by source for the entire period due to the change of reference year for chained constant prices to 2000:
   Exports of goods and services GBR.EXPEXP.LNBQRSA
   Government final consumption expenditure GBR.EXPGC.LNBQRSA
   Gross domestic product GBR.EXPGDP.LNBQRSA
   Gross fixed capital formation GBR.EXPGF.LNBQRSA
   Imports of goods and services GBR.EXPIMP.LNBQRSA
   Private final consumption expenditure GBR.EXPPC.LNBQRSA
   Statistical discrepancy (gdp by exp) GBR.EXPSD.LNBQRSA
   Change in stocks GBR.EXPST.LNBQRSA
 New series code for the following series (previously GBR.CMPGDP.DOBSA):
   Gross domestic product GBR.EXPGDP.DNBSA
Production
 New national base year (2000=100) for the following series:
   REAL GDP DISTRIBUTIONGBR.PRPEDE01.IXOBSA
   REAL GDP FINANCIAL + BUSINESSGBR.PRPEFB01.IXOBSA
   Industrial production ISIC C-EGBR.PRPEIN01.IXOB
   Industrial production ISIC C-E saGBR.PRPEIN01.IXOBSA
   IIP MANUFACTURINGGBR.PRPEMN01.IXOB
   IIP MANUFACTURING SAGBR.PRPEMN01.IXOBSA
   REAL GDP TOTAL SERVICESGBR.PRPESE01.IXOBSA
   REAL GDP TRANSPORT + COMMGBR.PRPETC01.IXOBSA
   IIP DURABLE CONSUMER GOODSGBR.PRTGCG02.IXOB
   IIP DURABLE CONSUMER GOODS SAGBR.PRTGCG02.IXOBSA
   IIP Non-durable Consumer GoodsGBR.PRTGCG03.IXOB
   IIP Non-durable Consumer Goods, saGBR.PRTGCG03.IXOBSA
   IIP INTERMEDIATE GOODSGBR.PRTGIG01.IXOB
   IIP INTERMEDIATE GOODS SAGBR.PRTGIG01.IXOBSA
   IIP INVESTMENT GOODSGBR.PRTGVG01.IXOB
   IIP INVESTMENT GOODS SAGBR.PRTGVG01.IXOBSA
Domestic Demand
 New national base year (2000=100) for the following series:
   Retail sales: value (GB)GBR.DDRSVA01.IXOB
   Retail sales: value (GB) saGBR.DDRSVA01.IXOBSA
   RETAIL SALES TOTAL VOL (GB) SAGBR.DDRSVO01.IXOBSA
Labour compensation
 New national base year (2000=100) for the following series from September 1984:
   Unit labour cost : manufacturing saGBR.LCULMN01.IXOBSA
 New national base year (2000=100) for the following series from 1990:
   Weekly earnings : all activities (GB)GBR.LCEATT02.IXOB
 New national base year (2000=100) for the following series:
   Weekly earnings: manuf (GB) - proxyGBR.LCEAMN01.IXOB
Producer Prices
 New national base year (2000=100) for these series. The difference between the new base and old base indices is mainly due to the introduction of a new method for calculating the weights.
   PPI Manufacturing output foodGBR.PPFAFD01.IXOB
   PPI Manufacturing output all productsGBR.PPIAMP01.IXOB
   PPI Manufacturing output total excl. foodGBR.PPIAMP02.IXOB
   PPI Manufacturing input fuelGBR.PPIPFU01.IXOB
   PPI Manufacturing input total excluding foodGBR.PPIPMN01.IXOB
   PPI Manufacturing input raw materialsGBR.PPIPRM01.IXOB
   PPI Manufacturing output chemicalGBR.PPOGCH01.IXOB

SOUTH AFRICA
Consumer opinion surveys
 New series code for the following series (previously ZAF.CSINFT01.ST):
   Consumer expected inflation rateZAF.CSINFR01.ST

ZONES
Producer Prices
 This series is slightly revised because of the rebasing and new methodology introduced in the PPI for the United Kingdom:
   E15 PPI ALL ITEMS MFGE15.PPIAMP01.IXOB
   EUZ PPI ALL ITEMS MFGEUZ.PPIAMP01.IXOB
   G7M PPI ALL ITEMS MFGG7M.PPIAMP01.IXOB
   OEL EUR less high inflation PPI ALL ITEMS MFGOEL.PPIAMP01.IXOB
   OEU PPI ALL ITEMS MFGOEU.PPIAMP01.IXOB
   OTL OECD less high inflation PPI ALL ITEMS MFGOTL.PPIAMP01.IXOB
   OTO PPI ALL ITEMS MFGOTO.PPIAMP01.IXOB
  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.