MAIN ECONOMIC INDICATORS DATABASE NOTES

MAY 2003

AVAILABLE ON DISK FROM 07-05-2003
(STA05)DBNotes/May

 

NATIONAL ACCOUNTS

From April 2003 National Accounts data are entirely consistent with OECD Quaterly National Accounts.

All national accounts series previously included in MEI have been removed and new series from the OECD Quarterly National Accounts database have been included.

The attached file NEWSERIES_QNA.CSV contains a list of the new National Accounts series included as part of the MEI in April 2003
The attached file SUPPSERIES_QNA.CSV contains a list of National Accounts series previously included on the MEI file i.e. up to March 2003, that have been removed.

In order to facilitate cross country comparisons, seasonally adjusted volume indices are now available for OECD Member countries (except for Czech Republic, Greece, Hungary, Iceland, Ireland, Luxemburg, Poland, Slovak Republic and Turkey) for:

Gross Domestic Product
Private final consumption expenditure
Governement final consumption expenditure
Gross fixed capital formation
Exports of goods and services
Imports of goods and services

Zone estimates are calculated using country data converted from national currencies by the 1995 GDP Purchasing Power Parity (PPP).

Series are quarterly with the exception of Greece and Luxembourg who do not currently produce quarterly national accounts.

Gross Domestic Product and Expenditure on GDP are also available at market prices in national currency.
Quarterly data are at quarterly levels except for Canada, Mexico, the United States and Japan who publish quarterly national accounts data at annual levels.


Series identifier for Quarterly national Accounts are built in the following way:

Country code.Series code.Measure code

The country code is the ISO country code.

Series codes and titles are standardised whenever the data are comparable.
See below the standard set of titles and corresponding codes.
However, when a series is substantially different from the standardised title,
the difference is indicated both in the title and in the series code.

Series Code Series Title

GDP BY TYPE OF EXPENDITURE

EXPGDP Gross domestic product
EXPPC Private final consumption expenditure
EXPGC Government final consumption
EXPGF Gross fixed capital formation
EXPST Increase in stocks
EXPEXP Exports of goods and services
EXPIMP Imports of goods and services
EXPSD Residual item


COMPARATIVE VOLUME INDICES

CMPGDP Gross domestic product
CMPPC Private final consumption expenditure
CMPGC Government final consumption
CMPGF Gross fixed capital formation
CMPEXP Exports of goods and services
CMPIMP Imports of goods and services


Measure code
The measure code is made of the information contained in the three following elements.

* First element : valuation

C Current prices
VNB Constant prices, national base year
LNB Chained constant prices, national base year
VOB Constant prices, official OECD base year (1995)
DNB Implicit price deflator, national base year = 100
DOB Implicit price deflator expressed with 1995 = 100
VIXNB Volume index, national base year = 100
VIXOB Volume index expressed with 1995 = 100
CPC Current prices converted with current PPPs
VPC Current prices converted with 1995 PPPs
VPVOB Constant 1995 prices converted with 1995 PPPs

* Second element : level of the quarterly data

AR The quarterly data for a series are expressed at annual level
QR The quarterly data for a series are expressed at quarterly level

* Third element : seasonal adjustment

SA The quarterly series is seasonally adjusted

 

DATA AVAILABILITY FOR NON-MEMBER COUNTRIES

From January 2003, only data for the six major Non-Member countries (Brazil, China P.R., India, Indonesia, Russia and South Africa) are included and published in the MEI publication and related electronic version. However, all other Non-Member countries previously included in MEI are from January 2003 only available (free) on the OECD web-site (www.oecd.org) in a document entitled "Main Economic Indicators: Non-Member Countries". This document can be located by selecting directorates, statistics and statistics for Non-Member countries.

 

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







UNITED STATES
Business tendency surveys (manufacturing)
 The following series have been suppressed:
   BSS Employment levelUSA.BSEMLV01.ST
   BSS Stocks levelUSA.BSFGLV01.ST
   BSS New orders levelUSA.BSOILV01.ST
   BSS Production levelUSA.BSPRLV01.ST
   BSS New exports orders levelUSA.BSXILV01.ST
 New series code for the following series (previously USA.BSEMLV01.ST):
   BSS Employment: tendencyUSA.BSEMTE01.ST
 New series code for the following series (previously USA.BSOILV01.ST):
   BSS New orders: tendencyUSA.BSOITE01.ST
 New series code for the following series (previously USA.BSPRLV01.ST):
   BSS Production: tendencyUSA.BSPRTE01.ST
 New series code for the following series (previously USA.BSFGLV01.ST):
   Raw materials stocks: tendencyUSA.BSRMTE01.ST
 New series code for the following series (previously USA.BSXILV01.ST):
   BSS New exports orders: tendencyUSA.BSXITE01.ST




JAPAN
Production
 New national base year (2000=100) for the following series from 1988, replacing earlier versions of the series:
   Industrial production ISIC C-EJPN.PRPEIN01.IXOB
   Industrial production ISIC C-E saJPN.PRPEIN01.IXOBSA
   IIP MANUFACTURINGJPN.PRPEMN01.IXOB
   IIP MANUFACTURING SAJPN.PRPEMN01.IXOBSA
   IIP Consumer Durable goodsJPN.PRTGCG02.IXOB
   IIP Consumer Durable goods saJPN.PRTGCG02.IXOBSA
   IIP Consumer non durable goodsJPN.PRTGCG03.IXOB
   IIP Consumer non durable goods saJPN.PRTGCG03.IXOBSA
   IIP INTERMEDIATE GOODSJPN.PRTGIG01.IXOB
   IIP INTERMEDIATE GOODS SAJPN.PRTGIG01.IXOBSA
   IIP INVESTMENT GOODSJPN.PRTGVG01.IXOB
   IIP INVESTMENT GOODS SAJPN.PRTGVG01.IXOBSA
Manufacturing
 New national base year (2000=100) for the following series from 1998, replacing earlier versions of the series:
   DEL Mining & Manufacturing Total SAJPN.MNDLVO01.IXOBSA
   DEL Mining & Manufacturing Cons. Goods SAJPN.MNDLVO04.IXOBSA
   DEL Mining & Manufacturing Prod. Goods SAJPN.MNDLVO07.IXOBSA
   DEL Mining & Manufacturing Inv. Goods SAJPN.MNDLVO08.IXOBSA
   STOCKS Mining & Manufacturing Total SAJPN.MNSTVO01.IXOBSA
   STOCKS Mining & Manufacturing Cons. Goods SAJPN.MNSTVO04.IXOBSA
   STOCKS Mining & Manufacturing Prod. Goods SAJPN.MNSTVO05.IXOBSA
   STOCKS Mining & Manufacturing Inv. Goods SAJPN.MNSTVO06.IXOBSA
Producer Prices
 New historical data were provided by source for this series for the whole period following the introduction of the new base year last month:
   PPI MANUFACTURINGJPN.PPIAMP01.IXOB
Wholesale prices
 New national base year (2000 = 100) for the following series
   WPI TOTALJPN.WPIAIP01.IXOB

KOREA
Unemployment
 The following series has been revised by source from June 1999:
   STANDARDISED UNEMP RATE SAKOR.UNRTSD01.STSA







DENMARK
Production
 The following series have been included:
   IIP TotalDNK.PRPEIN01.IXNB
   IIP Total SADNK.PRPEIN01.IXNBSA
   IIP EnergyDNK.PRTGEN01.IXNB
   IIP Energy SADNK.PRTGEN01.IXNBSA
   IIP Intermediate gds excl energyDNK.PRTGIG02.IXOB
   IIP Intermediate gds excl energy SADNK.PRTGIG02.IXOBSA
 The following series have been suppressed:
   SALES MFG VOLUME INTER GOODSDNK.PRTGIG01.IXOB
   SALES MFG VOL INTER GDS OECD SADNK.PRTGIG01.IXOBSA
 New national base year 2000=100 for the following series. It now includes ships completed.
   SALES MFG VOLUME EXCL SHIPSDNK.PRPEMN01.IXOB
   SALES MFG VOLUME EXCL SHIPSDNK.PRPEMN01.IXOBSA
 New national base year (2000=100) for the following series:
   SALES VOL MFG DUR CONS GDSDNK.PRTGCG02.IXOB
   SALES VOL MFG DUR CONS GDS SADNK.PRTGCG02.IXOBSA
   SAL VOL MFG NON-DUR CONS GDSDNK.PRTGCG03.IXOB
   SAL VOL MFG NON-DUR CONS GDS SADNK.PRTGCG03.IXOBSA
   SALES MFG VOLUME INVEST GOODSDNK.PRTGVG01.IXOB
   SALES MFG VOL INV GDS OECD SADNK.PRTGVG01.IXOBSA
Manufacturing
 The following series have been included:
   New orders in manufacturing SADNK.MNNOVA01.IXOB
   New orders consumer durable goodsDNK.MNNOVA05.IXOB
   New orders consumer non-durable goodsDNK.MNNOVA06.IXOB
 The following series have been suppressed:
   NEW ORDERS MFG CONSUMER GOODSDNK.MNNOVA04.IXOB
   NEW ORDERS MFG VALUE EXCL SHIPSDNK.MNNOVA12.IXOB
 New national base year (2000=100) for the following series:
   NEW ORDERS MFG INTERMED GOODSDNK.MNNOVA07.IXOB
   NEW ORDERS MFG INVESTMENT GOODSDNK.MNNOVA08.IXOB



HUNGARY
 New constant prices of 2000 for the following series from Q1 2000:
   rts of goods and services HUN.EXPEXP.VNBQR
   rnment final consumption expenditure HUN.EXPGC.VNBQR
   s domestic product HUN.EXPGDP.DNB
   s domestic product HUN.EXPGDP.VNBQR
   s fixed capital formation HUN.EXPGF.VNBQR
   rts of goods and services HUN.EXPIMP.VNBQR
   ate final consumption expenditure HUN.EXPPC.VNBQR
Production
 New national base year (2000=100) for the following series from 2000:
   Industrial production ISIC C-EHUN.PRPEIN01.IXOB
   Industrial production ISIC C-E saHUN.PRPEIN01.IXOBSA
   IIP MININGHUN.PRPEMI01.IXOB
   IIP MINING SAHUN.PRPEMI01.IXOBSA
   IIP MANUFACTURINGHUN.PRPEMN01.IXOB
   IIP MANUFACTURING SAHUN.PRPEMN01.IXOBSA
   IIP ELECTRICITY GAS & WATERHUN.PRPEUT01.IXOB
   IIP ELECTRICITY GAS & WATER SAHUN.PRPEUT01.IXOBSA
Manufacturing
 New national base year (2000=100) for the following series from 1998:
   SALES VOLUME TOTALHUN.MNSLVO01.IXOB
   SALES VOLUME TOTAL SAHUN.MNSLVO01.IXOBSA
   SALES VOLUME DOMESTIC TRADEHUN.MNSLVO09.IXOB
   SALES VOLUME DOMESTIC TRADE SAHUN.MNSLVO09.IXOBSA
   SALES VOLUME EXPORT GOODSHUN.MNSLVO10.IXOB
   SALES VOLUME EXPORT GOODS SAHUN.MNSLVO10.IXOBSA


IRELAND
Producer Prices
 New national base year (2000 = 100) for the following series
   PPI Manufacturing industriesIRL.PPIAMP01.IXOB
   PPI TotalIRL.PPIATT01.IXOB
   PPI Durable consumer goodsIRL.PPTGCD01.IXOB
   PPI Intermediate goods excl. energyIRL.PPTGIG02.IXOB
   PPI Non-durable consumer goodsIRL.PPTGND01.IXOB
   PPI Investment goodsIRL.PPTGVG01.IXOB
Consumer Price Index
 New national base year (December 2001=100) for the following series:
   CPI All itemsIRL.CPALTT01.IXOB
   CPI Food excl. restaurantsIRL.CPGDFD02.IXOB
   CPI EnergyIRL.CPGREN01.IXOB
   CPI All items non-food non-energyIRL.CPGRLE01.IXOB

ITALY
Manufacturing
 New national base year (2000=100) for the following series:
   NEW ORD MANUFACTURING TOTALITA.MNNOVA01.IXOB
   SALES MIN + MFG TOTALITA.MNSLVA01.IXOB
   SALES MIN + MFG CONSUMER GDSITA.MNSLVA04.IXOB
   SALES MIN + MFG INTERMED GDSITA.MNSLVA07.IXOB
   SALES MIN + MFG INVESTMENT GDSITA.MNSLVA08.IXOB

NORWAY
Other prices
 New national base year (2000 = 100) for the following series
   Cost of construction: detached housesNOR.OPCNRE01.IXOB

POLAND
Business tendency surveys (manufacturing)
 New source for the following series. It is provided from 1995 by the Central Statistical office of Poland and is available on a quarterly basis :
   BSS CAPACITY UTILISATION RATEPOL.BSCURT01.ST

PORTUGAL
Consumer Price Index
 New national base year (2002=100) for the following series:
   CPI All itemsPRT.CPALTT01.IXOB
   CPI Food excl. restaurantsPRT.CPGDFD02.IXOB
   CPI Rent + Repairs and MaintenancePRT.CPSEHO05.IXOB
   CPI Services Less Housing Nat. DefinitionPRT.CPSELR02.IXOB

SLOVAK REPUBLIC
Business tendency surveys (manufacturing)
 The following series is now available from source on a quarterly basis from 2003. Monthly data are no longer available :
   Rate of capacity utilisationSVK.BSCURT01.ST

SPAIN
Production
 New national base year (2000=100) for the following series from 1992, replacing earlier versions of the series:
   Industrial production ISIC C-EESP.PRPEIN01.IXOB
   Industrial production ISIC C-E saESP.PRPEIN01.IXOBSA
   IIP CONSUMER GOODSESP.PRTGCG01.IXOB
   IIP INTERMEDIATE GOODSESP.PRTGIG01.IXOB
   IIP INVESTMENT GOODSESP.PRTGVG01.IXOB


BRAZIL
Business tendency surveys (manufacturing)
 The following series have been included:
    Business situation:TendencyBRA.BSBUCT01.ST
   Business situation: Future tendencyBRA.BSBUFT01.ST
   Employment: Future tendencyBRA.BSEMFT01.ST
   Finished goods stocks: LevelBRA.BSFGLV01.ST
   Total order books: LevelBRA.BSOBLV01.ST
   Orders inflow or demand: levelBRA.BSOILV01.ST
   Production: Future tendencyBRA.BSPRFT01.ST
   Selling prices: Future tendencyBRA.BSSPFT01.ST
   Export order books: LevelBRA.BSXRLV01.ST
 The following series is now available from source on a quarterly basis:
   Rate of capacity utilisationBRA.BSCURT01.ST

SOUTH AFRICA
Consumer opinion surveys
 The following series has been revised by source for the entire period:
   Consumer expected inflationZAF.CSCICP03.ST