MAIN ECONOMIC INDICATORS DATABASE NOTES

MARCH 2003

AVAILABLE ON DISK FROM 07-03-2003
(STA05)DBNotes/Mar

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.

 

LEADING INDICATORS

The lists of turning points used in the calculation of the CLIs have been updated in December 2002, with the exception of Italy, Spain (turning points for these two countries were updated in 2001), Mexico, Greece, Luxembourg and Switzerland. As a result, the level of the CLI data has been modified. At the same time, some component series have been dropped or replaced, to improve the overall timeliness of the CLIs. In addition, a CLI for Turkey has been included.
More information can be found at http://www.oecd.org/std/cli.

A list of the new components series and a list of the suppressed components series can be found in the attached csv file (NEWSERIES_SUPPSERIES_CLI.CSV).

 

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) will be included and published in the MEI publication and related electronic version. However, all other Non-Member countries now included in MEI will from January 2003 only be 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.




EURO TREATMENT

From February 2002, the national currencies of the 12 Euro Member countries are expressed in euro. All historical data (i.e. pre 2001 for Greece and pre 1999 for all other euro area countries) are calculated by applying the fixed irrevocable exchange rates. However, pre European Monetary Union euro are notional units and are not always suitable to form area aggregates. For further details see the article by Schreyer and Suyker in the February 2002 edition, Statistics Brief Number 2, published by the Statistics Directorate of OECD.

Note that, for all Euro area countries, data for periods after accession (i.e. 1999 onwards, 2001 onwards for Greece) are expressed in true euro.


CANADA
Employment
 The following series has been included:
   Civilian Employment saCAN.EMESTT02.STSA

MEXICO
National Accounts
 The following series has been suppressed:
   GDP Implicit price levelMEX.NAGITT01.IXOB



UNITED STATES
Employment
 The following series has been included:
   Civilian Employment SAUSA.EMESTT02.STSA
 The following series have been revised by source from January 2000. The survey data have been benchmarked to the census-2000 population data.
   Civilian employment (LFS)USA.EMESTT02.IXOB
Unemployment
 The following series have been revised by source from January 2000. The survey data have been benchmarked to the census-2000 population data.
   UNEMPLOYMENT TOTALUSA.UNLVSU01.ST
   UNEMPLOYMENT TOTAL SAUSA.UNLVSU01.STSA

JAPAN
Producer Prices
 New national base year (2000=100) for the following series over the entire period replacing 1995 base year version of the series:
   PPI PROCESSED FOODSTUFFSJPN.PPFAFD01.IXOB
   PPI TEXTILESJPN.PPFATL01.IXOB
   PPI MANUFACTURINGJPN.PPIAMP01.IXOB
   PPI MACH & EQUIPJPN.PPMQME01.IXOB
   PPI IRON & STEELJPN.PPMQMP02.IXOB
   PPI CHEMICAL & CHEMICAL PRODSJPN.PPOGCH01.IXOB
   PPI PETROLEUM & COAL PRODJPN.PPOGPC01.IXOB


KOREA
Production
 New national base year 2000=100 for the following series:
   Rate of capacity utilisationKOR.PRCUMN01.IXOB
   Industrial production ISIC C-EKOR.PRPEIN01.IXOB
   Industrial production ISIC C-E saKOR.PRPEIN01.IXOBSA
   IIP MANUFACTURINGKOR.PRPEMN01.IXOB
   IIP MANUFACTURING SAKOR.PRPEMN01.IXOBSA
   IIP Durable consumer goodsKOR.PRTGCG02.IXOB
   IIP Durable consumer goods saKOR.PRTGCG02.IXOBSA
   IIP Non-durable Consumer GoodsKOR.PRTGCG03.IXOB
   IIP Non-durable Consumer Goods, saKOR.PRTGCG03.IXOBSA
   IIP INTERMEDIATE GOODSKOR.PRTGIG01.IXOB
   IIP INTERMEDIATE GOODS SAKOR.PRTGIG01.IXOBSA
   IIP INVESTMENT GOODSKOR.PRTGVG01.IXOB
   IIP INVESTMENT GOODS SAKOR.PRTGVG01.IXOBSA
Manufacturing
 New national base year 2000=100 for the following series:
   DEL Total industry SAKOR.MNDLVO01.IXOBSA
   DEL Industry Cons. Goods SAKOR.MNDLVO04.IXOBSA
   DEL Industry interm. goods SAKOR.MNDLVO07.IXOBSA
   DEL Industry inv. goods SAKOR.MNDLVO08.IXOBSA
   STOCKS Mining & Manufacturing Total SAKOR.MNSTVO01.IXOBSA
   STOCKS Mining and Man. Consumer Goods saKOR.MNSTVO04.IXOBSA
   STOCKS Mining & Manufacturing Interm. Goods SAKOR.MNSTVO05.IXOBSA
   STOCKS Mining & Manufacturing Inv. Goods SAKOR.MNSTVO06.IXOBSA

AUSTRIA
National Accounts
 The following series has been suppressed:
   GDP IMPLICIT PRICE LEVELAUT.NAGITT01.IXOB

DENMARK
Wholesale prices
 New national base year (2000=100) for the following series from 1981, replacing earlier versions of the series:
   WPI ALL ITEMSDNK.WPIATT01.IXOB

FINLAND
National Accounts
 New national base year (2000 = 100) for constant prices for the following series
   GDP Gross domestic product current prices saFIN.NAGCTT01.NCALSA
   GDP IMPLICIT PRICE LEVEL saFIN.NAGITT01.IXOBSA
   GDP Priv. final consump. exp. 1995 prices saFIN.NAGVCE01.NCALSA
   GDP GFCF Construction 1995 prices saFIN.NAGVCN01.NCALSA
   GDP Change in stocks 1995 prices saFIN.NAGVCS01.NCALSA
   GDP Exports goods and services 1995 prices saFIN.NAGVEX01.NCALSA
   GDP Govt. final consump. exp. 1995 prices saFIN.NAGVGE01.NCALSA
   GDP Imports goods and services 1995 prices saFIN.NAGVIM01.NCALSA
   GDP Gross fixed cap. formation 1995 prices saFIN.NAGVIV01.NCALSA
   GDP GFCF Mach. and equip. 1995 prices saFIN.NAGVME01.NCALSA
   GDP Gross domestic product 1995 prices saFIN.NAGVTT01.NCALSA
   GDP VOLUME INDEX SAFIN.NAGVVO01.IXOBSA

GERMANY
Consumer Price Index
 The following series has been revised by source from 2000 onwards.
   HICP, totalDEU.CPHPTT01.IXNB

GREECE
Wholesale prices
 New national base year (1995=100) for the following series over the entire period, replacing earlier versions of the series:
   WPI INDUSTRIAL PRODUCTSGRC.WPIAIP01.IXOB
   WPI IMPORTED FINAL PRODUCTSGRC.WPTGIM01.IXOB

ICELAND
National Accounts
 The following series has been suppressed:
   GDP Priv. final consump.exp.1990 pricesISL.NAGVCE01.NCAL

NETHERLANDS
Consumer Price Index
 New national base year (2000=100) for the following series from 2000, replacing earlier versions of the series:
   CPI All itemsNLD.CPALTT01.IXOB
   CPI Food excl. restaurantsNLD.CPGDFD02.IXOB
   CPI EnergyNLD.CPGREN01.IXOB
   CPI All items non-food non-energyNLD.CPGRLE01.IXOB
   CPI HOUSINGNLD.CPSEHO01.IXOB


PORTUGAL
Employment
 The following series has been suppressed:
   Employees: Industry incl. constructionPRT.EMDPIN01.IXOB
 New series code for the following series (previously PRT.EMDPIN01.IXOB) and new national base year (2000=100):
   Employees: Industry excl. constructionPRT.EMDPIN06.IXOB



SPAIN
Unemployment
 The following series has been suppressed:
   Unemp % tot. labour force (LFS) saESP.UNRTSU01.STSA
Producer Prices
 New national base year (2000=100) for the following series over the entire period replacing 1990 base year version of the series:
   PPI ENERGYESP.PPIPFE01.IXOB
   PPI CONSUMER GOODSESP.PPTGCG01.IXOB
   PPI INTERMEDIATE GOODSESP.PPTGIG01.IXOB
   PPI INVESTMENT GOODSESP.PPTGVG01.IXOB
 New national base year (2000=100) for the following series from 1976, replacing earlier versions of the series:
   PPI ManufacturingESP.PPIAMP01.IXOB


SWEDEN
National Accounts
 The following series has been suppressed:
   GDP Implicit price levelSWE.NAGITT01.IXOB
Domestic Demand
 New national base year (2000 = 100) for the following series
   RETAIL SALES VALUESWE.DDRSVA01.IXOB
   RETAIL SALES VALUE SASWE.DDRSVA01.IXOBSA
   RETAIL SALES VOLUMESWE.DDRSVO01.IXOB
   RETAIL SALES TOTAL VOLUME SASWE.DDRSVO01.IXOBSA

TURKEY
National Accounts
 The following series has been suppressed:
   GDP IMPLICIT PRICE LEVELTUR.NAGITT01.IXOB


EURO AREA
National Accounts
 The following series has been suppressed:
   GDP Implicit price deflator saEMU.NAGITT01.IXOBSA
Consumer Price Index
 The following series have been revised by source from 2000 onwards.
   HICP energy (including gasoline)EMU.CPHPEN01.IXNB
   HICP foodEMU.CPHPFD01.IXNB
   HICP rentEMU.CPHPHO01.IXNB
   HICP ALL ITEMS LS FD ALC BEV TOB AND ENERGYEMU.CPHPLA01.IXNB
   HICP servicesEMU.CPHPSE01.IXNB
   HICP all itemsEMU.CPHPTT01.IXNB

BRAZIL
National Accounts (for Non-members)
 The following series has been suppressed:
   GDP per capitaBRA.SNGCTT02.ST

CHINA
National Accounts (for Non-members)
 The following series has been suppressed:
   GDP per capita (curr. prices)CHN.SNGCTT02.ST

INDIA
National Accounts (for Non-members)
 The following series have been suppressed:
   GDP per capitaIND.SNACTT02.ST
   GDP per capitaIND.SNAVTT02.ST

INDONESIA
National Accounts (for Non-members)
 The following series have been suppressed:
   GDP per capita (Curr. Prices)IDN.SNGCTT02.ST
   GDP per capita (Cst. Prices)IDN.SNGVTT02.ST






RUSSIAN FEDERATION
Business tendency surveys (manufacturing)
 The following series have been included:
   Industrial confidence indicatorRUS.BSCICP01.ST
   Employment: Future tendencyRUS.BSEMFT01.ST
   Finished goods stocks: levelRUS.BSFGLV01.ST
   BTS Order Books or Demand: LevelRUS.BSOBLV01.ST
   Selling prices: Future tendencyRUS.BSSPFT01.ST
 The following series have been suppressed:
   Demand: tendencyRUS.BSDETE01.ST
   Finished goods stocks: tendencyRUS.BSFGTE01.ST
Business tendency surveys (retail trade)
 The following series have been included:
   Business situation: PresentRUS.BRBUCT01.ST
   Business situation: Future tendencyRUS.BRBUFT01.ST
   Employment: Future tendencyRUS.BREMFT01.ST
   Stocks: LevelRUS.BRVSLV01.ST
Business tendency surveys (construction)
 The following series have been included:
   Business situation: PresentRUS.BCBUCT01.ST
   Business situation: Future tendencyRUS.BCBUFT01.ST
   Employment: Future tendencyRUS.BCEMFT01.ST
   Orders/Demand: Future tendencyRUS.BCOIFT01.ST
National Accounts (for Non-members)
 The following series have been included:
   Gross capital formation (cst. prices)RUS.SNGVCF01.IXPY
   Gross fixed capital formation (cst. prices)RUS.SNGVCF02.IXPY
   Final consumption (cst. prices)RUS.SNGVCT01.IXPY
   Households consumption (cst prices)RUS.SNGVCT03.IXPY
   Nonprofit institutions serving householdsRUS.SNGVCT04.IXPY
   Government consumption (cst prices)RUS.SNGVCT05.IXPY
   Gross domestic product (cst. prices)RUS.SNGVTT01.IXPY
 The following series have been suppressed:
   GDP per capita (curr. prices)RUS.SNGCTT02.ST
   Gross capital formation (cst. prices)RUS.SNGVCF01.NCCU
   Gross fixed capital form. (cst. prices)RUS.SNGVCF02.NCCU
   Changes in inventories (cst. prices)RUS.SNGVCF03.NCCU
   Final consumption (cst. prices)RUS.SNGVCT01.NCCU
   Individual consumption (cst. prices)RUS.SNGVCT02.NCCU
   Households consumption (cst. prices)RUS.SNGVCT03.NCCU
   NPISH (cst. prices)RUS.SNGVCT04.NCCU
   Gov. individual cons. exp. (cst. prices)RUS.SNGVCT06.NCCU
   Collective consumption (cst. prices)RUS.SNGVCT07.NCCU
   Exports of gds and serv. (cst. prices)RUS.SNGVEX01.NCCU
   Imports of gds and serv. (cst. prices)RUS.SNGVIM01.NCCU
   Statistical discrepancy (cst. prices)RUS.SNGVSD01.NCCU
   Gross domestic product (cst. prices)RUS.SNGVTT01.NCCU
   GDP per capita (cst. prices)RUS.SNGVTT02.ST


SOUTH AFRICA
Business tendency surveys (retail trade)
 The following series have been included:
   Business situation: PresentZAF.BRBUCT01.ST
   Business situation: Future tendencyZAF.BRBUFT01.ST
   Retail trade confidence indicatorZAF.BRCICP01.ST
   Employment: Future tendencyZAF.BREMFT01.ST
   Orders intentions: TendencyZAF.BROITE01.ST
Business tendency surveys (construction)
 The following series have been included:
   Business situation: PresentZAF.BCBUCT01.ST
   Business situation: Future tendencyZAF.BCBUFT01.ST
   Construction confidence indicatorZAF.BCCICP01.ST
   Employment: Future tendencyZAF.BCEMFT01.ST
   Orders/Demand: Future tendencyZAF.BCOIFT01.ST

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

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