DBNotes Countries - Dec07

MAIN ECONOMIC INDICATORS DATABASE NOTES
DECEMBER 2007

AVAILABLE ON DISK FROM 07-12-2007
(STA05)DBNotes/Dec

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.

PROPOSED CHANGES TO THE COMPILATION OF ZONE AGGREGATES FOR MONETARY AGGREGATES AND OTHER VARIABLES

In accordance with the issues outlined in this document, the OECD proposes to revise a number of its currently published zone aggregates as follows:

  • Introduction of annual chain linked indexes for all monetary aggregate zone aggregates with time series back to 1970 in most cases, to replace the current fixed weight series where time series commence in 1990. The weights used will be GDP at current prices adjusted for PPPs.
  • Introduction of five yearly chain linked indexes for industrial production and retail trade volume zone aggregates, to replace the current fixed weight series (note five yearly chain linked indexes were introduced for the OECD Composite Leading Indicators in July 2007).
  • Compilation of zone aggregates for 'OECD-total excluding high inflation countries' and 'OECD-Europe excluding high inflation countries' based on the historical chronology presented in Table 1. These new series would replace the existing 'excluding high inflation countries' zone aggregates series which only exclude Turkey and are compiled for the nominal variables: consumer price index (all-items, energy, food, and all-items less food less energy); producer price index; hourly earnings in manufacturing and; monetary aggregates (narrow money and broad money).

    All newly proposed series in comparison to those currently published which they are intended to replace are shown in the Excel
    spreadsheet: MEI new zone aggregates.xls. See also article "Proposed changes to the compilation of zone aggregates for monetary aggregates and other variables in the OECD Main Economical Indicators publication" at www.oecd.org/std/mei/articles.
  • FOR FURTHER DETAILS


    Detailed methodological information, updated in real time, is available at http://stats.oecd.org/mei/.
    Questions relating to these database notes should be directed by e-mail to stat.contact@oecd.org.

    Countries List

    UNITED STATES    JAPAN    BELGIUM    CZECH REPUBLIC    DENMARK    HUNGARY    NETHERLANDS    NORWAY    POLAND    PORTUGAL    SLOVAK REPUBLIC    SWEDEN    SWITZERLAND    CHINA    RUSSIAN FEDERATION    

    UNITED STATES

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    Production
     The following series has been revised by source since 1986:
       Rate of capacity utilisation in industry saUSA.PRINCU01.STSA

    JAPAN

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    Production
     Value for May 2007 has been corrected by source:
       Production of commercial vehicles JPN.PRMNVE02.ML


    BELGIUM

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    Producer Prices
     The following series have been revised by source from 2001 onwards:
       PPI CONSUMER GOODSBEL.PPTGCG01.IXOB
       PPI INTERMEDIATE GOODSBEL.PPTGIG01.IXOB
       PPI INVESTMENT GOODSBEL.PPTGVG01.IXOB
    National Accounts
     New set of accounts with chained volume estimates, reference year 2005:
       Exports of goods and services, Constant PricesBEL.EXPEXP.LNBQRSA
       Government final consumption expenditure, Constant PricesBEL.EXPGC.LNBQRSA
       Gross domestic product, Implicit price deflatorBEL.EXPGDP.DNBSA
       Gross domestic product, Constant PricesBEL.EXPGDP.LNBQRSA
       Gross fixed capital formation, Constant PricesBEL.EXPGF.LNBQRSA
       Imports of goods and services, Constant PricesBEL.EXPIMP.LNBQRSA
       Private final consumption expenditure, Constant PricesBEL.EXPPC.LNBQRSA
       Changes in inventories, Constant PricesBEL.EXPST.LNBQRSA



    CZECH REPUBLIC

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    Production
     The following series has been included:
       Production in total manufacturing saCZE.PRMNTO01.IXOBSA
    Employment
     The following series has been included:
       Unfilled job vacancies saCZE.EMECJVUF.STSA
    Unemployment
     The following series has been included:
       Unemployment level: registered (all persons) saCZE.UNLVRG01.STSA




    DENMARK

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    Orders
     The following series has been revised from 2002 is due to the recent local government reform in Denmark:
       Permits issued for dwellings DNK.ODCNPI03.ML
    Work started
     The following series have been revised from 2002 is due to the recent local government reform in Denmark:
       Work started for buildingsDNK.WSCNBD01.ML
       Work started for buildings saDNK.WSCNBD01.MLSA
       Work started for dwellings saDNK.WSCNDW01.IXOBSA
    Work in progress
     Revisions taking place from 2004 are due to the recent local government reform in Denmark:
       Work in progress for construction of dwellings DNK.WICNDW01.ST
     Revisions taking place from 2005 are due to the recent local government reform in Denmark:
       Work in progress for construction of buildings DNK.WICNBD01.ST


    HUNGARY

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    Employment
     The following series has been included:
       Unfilled job vacancies saHUN.EMECJVUF.STSA
    Unemployment
     The following series has been included:
       Unemployment level: registered (all persons) saHUN.UNLVRG01.STSA

    NETHERLANDS

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    Employment
     The following series has been included:
       Unfilled job vacancies saNLD.EMECJVUF.STSA



    NORWAY

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    Sales
     Series have been revised- Statistics Norway has introduced a method for pre-adjustments of Easter effects. The method will also pre-adjust for Ascension Day and Whit Monday. Also they reintroduced some extreme values for December 2004, 2005 and 2006. These values are due to new VAT legislations (2004, 2005) and legislations regarding vehicle taxes (2006) taking place 1st of January the coming year:
       Passenger car registrations saNOR.SLRTCR03.MLSA
    Consumer Price Index
     Weights have been updated consequently the series have been revised for the whole period:
       CPI EnergyNOR.CPGREN01.IXOB
       CPI All items non-food non-energyNOR.CPGRLE01.IXOB
    National Accounts
     New reference year 2005 for chained volume estimates:
       Exports of goods and services, Constant PricesNOR.EXPEXP.LNBQRSA
       Government final consumption expenditure, Constant PricesNOR.EXPGC.LNBQRSA
       Gross domestic product, Implicit price deflatorNOR.EXPGDP.DNBSA
       Gross domestic product, Constant PricesNOR.EXPGDP.LNBQRSA
       Gross fixed capital formation, Constant PricesNOR.EXPGF.LNBQRSA
       Imports of goods and services, Constant PricesNOR.EXPIMP.LNBQRSA
       Private final consumption expenditure, Constant PricesNOR.EXPPC.LNBQRSA
       Changes in inventories, Constant PricesNOR.EXPST.LNBQRSA

    POLAND

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    Unemployment
     The following series has been included:
       Unemployment level: registered (all persons) saPOL.UNLVRG01.STSA


    PORTUGAL

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    Employment
     The following series has been included:
       Unfilled job vacancies saPRT.EMECJVUF.STSA
    Unemployment
     The following series has been included:
       Unemployment level: registered (all persons) saPRT.UNLVRG01.STSA

    SLOVAK REPUBLIC

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    Unemployment
     The following series have been included:
       Unemployment level: registered (all persons) saSVK.UNLVRG01.STSA
       Unemployment rate: registered (all persons) saSVK.UNRTRG01.STSA



    SWEDEN

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    Production
     The figures are preliminary and the tables are updated every quarter to take into account corrections reported by Swedish municipalities:
       Production of dwellings SWE.PRCNDW01.QL
    Work started
     The figures are preliminary and the tables are updated every quarter to take into account corrections reported by Swedish municipalities:
       Work started for dwellings SWE.WSCNDW01.QL
    Unemployment
     The following series has been included:
       Unemployment level: registered (all persons) saSWE.UNLVRG01.STSA



    SWITZERLAND

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    Employment
     The following series have been revised by source from Q3 1991 onwards. The revisions incorporate revised weights in the Labour Force Survey for 2003-2005.
       Civilian employment: agriculture CHE.EMESAGTT.IXOB
       Civilian employment: agriculture saCHE.EMESAGTT.IXOBSA
       Civilian employment: agriculture CHE.EMESAGTT.ST
       Civilian employment: agriculture saCHE.EMESAGTT.STSA
       Civilian employment: females CHE.EMESCVFE.ST
       Civilian employment: females saCHE.EMESCVFE.STSA
       Civilian employment: males CHE.EMESCVMA.ST
       Civilian employment: males saCHE.EMESCVMA.STSA
       Civilian employment: all persons (including armed forces)CHE.EMESCVTT.IXOB
       Civilian employment: all persons (including armed forces)CHE.EMESCVTT.ST
       Civilian employment: all persons (including armed forces) saCHE.EMESCVTT.STSA
       Civilian employment: industry including construction CHE.EMESICTT.IXOB
       Civilian employment: industry including construction saCHE.EMESICTT.IXOBSA
       Civilian employment: industry including construction CHE.EMESICTT.ST
       Civilian employment: industry including construction saCHE.EMESICTT.STSA
       Civilian employment: services CHE.EMESSETT.IXOB
       Civilian employment: services saCHE.EMESSETT.IXOBSA
       Civilian employment: services CHE.EMESSETT.ST
       Civilian employment: services saCHE.EMESSETT.STSA
    Unemployment
     The following series have been revised by source from Q3 1991 onwards. The revisions incorporate revised weights in the Labour Force Survey for 2003-2005.
       Unemployment level: survey-based (females) CHE.UNLVSUFE.ST
       Unemployment level: survey-based (females) saCHE.UNLVSUFE.STSA
       Unemployment level: survey-based (males) CHE.UNLVSUMA.ST
       Unemployment level: survey-based (males) saCHE.UNLVSUMA.STSA
       Unemployment level: survey-based (all persons) CHE.UNLVSUTT.ST
       Unemployment level: survey-based (all persons) saCHE.UNLVSUTT.STSA
       Unemployment rate: survey-based (females) CHE.UNRTSUFE.ST
       Unemployment rate: survey-based (males) CHE.UNRTSUMA.ST
       Unemployment rate: survey-based (all persons) CHE.UNRTSUTT.ST
       Unemployment rate: survey-based (all persons) saCHE.UNRTSUTT.STSA
    Population & Labour force
     The following series have been revised by source from Q3 1991 onwards. The revisions incorporate revised weights in the Labour Force Survey for 2003-2005.
       Total labour force: females CHE.PLLFTLFE.ST
       Total labour force: females saCHE.PLLFTLFE.STSA
       Total labour force: males CHE.PLLFTLMA.ST
       Total labour force: males saCHE.PLLFTLMA.STSA
       Total labour force: all persons CHE.PLLFTLTT.ST
       Total labour force: all persons saCHE.PLLFTLTT.STSA

    CHINA

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    National Accounts (for non-member countries)
     New series code for the following series (previously CHN.SNGCCT02.ST):
       GDP Private final consumption, current pricesCHN.SNGCCT02.ST





    RUSSIAN FEDERATION

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    Leading Indicators OECD
     The series have been added as new components in the Russian CLI:
       CLI Order books: level mfg. saRUS.LOCNO307.STSA
       CLI Finished goods stocks: levelRUS.LOCNS303.ST
       CLI Finished goods stocks: levelRUS.LOCNS307.ST
     The series have been removed from the CLI for Russia:
       Total demand: levelRUS.LOCND303.ST
       Total demand: levelRUS.LOCND307.ST
     The series have been revised due to a change in the composition of the CLI for Russia:
       CLI leading indicator ratio to trendRUS.LOCSTL01.ST
       CLI Leading indicator amplitude adjustedRUS.LOCSTL04.ST
       CLI Leading indicator trend restoredRUS.LOCSTL05.ST
       CLI 6-Months rate of change at annual rateRUS.LOCSTL09.ST
     The series have been added as new components in the Russian CLI:
       CLI Order books: level mfg. saRUS.LOCNO303.STSA
    National Accounts (for non-member countries)
     The following series has been included:
        GDP Private final consumption expenditure, current pricesRUS.SNGCCT02.ST