RDP 2005-07: The Australian Business Cycle: A Coincident Indicator Approach Appendix A: Composition of Data Panels
October 2005
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| Code(b) | Sample | Alternative indices | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Q: BP1960 | M: BP1980 | Q: NBP1960 | Q: BP1980 | Q: NBP1980 | M: NBP1980 | MF: BP1980 | MF: NBP1980 | |||
| Total number of series in each panel | 25 | 29 | 68 | 76 | 111 | 45 | 48 | 64 | ||
| National accounts | 6 | 0 | 22 | 13 | 23 | 0 | 7 | 7 | ||
| Employment | 2 | 8 | 8 | 13 | 20 | 13 | 8 | 13 | ||
| Industrial production | 4 | 0 | 24 | 12 | 24 | 0 | 4 | 4 | ||
| Building and CAPEX | 2 | 3 | 2 | 13 | 13 | 4 | 10 | 11 | ||
| Internal trade | 1 | 2 | 1 | 2 | 5 | 4 | 2 | 4 | ||
| Overseas transactions | 4 | 5 | 4 | 6 | 6 | 9 | 5 | 9 | ||
| Prices | 4 | 2 | 4 | 6 | 6 | 2 | 3 | 3 | ||
| Private finance | 2 | 7 | 3 | 9 | 12 | 11 | 7 | 11 | ||
| Government finance | 0 | 2 | 0 | 2 | 2 | 2 | 2 | 2 | ||
| Quarterly | ||||||||||
| National accounts | ||||||||||
| Final consumption expenditure: | ||||||||||
| households, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| GDP, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| GDP non-farm, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | |||
| GFCF total, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| GNE, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| GOS: total non-financial corporations, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| GOS: financial corporations, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| GOS: private non-financial corporations, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| GOS: public non-financial corporations, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| GOS: total corporations, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Household disposable income, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Household final consumption expenditure: | ||||||||||
| Cigarettes and tobacco, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Clothing and footwear, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | |||||
| Food, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | |||||
| Furnishing and HH equipment, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | |||||
| Purchase of vehicles, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Rent and other dwelling services, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | |||||
| Industrial production, sa (c) | 5 | 1974:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Private GFCF: dwellings: alterations and additions, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Private GFCF: dwellings: new and used, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Private GFCF: dwellings: total, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| Private GFCF: total, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| Private non-farm inventories to sales ratio, sa | 2 | 1959:Q3–2004:Q4 | ο | ο | ο | |||||
| Employment | ||||||||||
| Civilian labour force participation rates: females, sa (c, mqa) | 2 | 1966:Q3–2004:Q4 | ο | ο | ο | |||||
| Civilian labour force participation rates: males, sa (c, mqa) | 2 | 1966:Q3–2004:Q4 | ο | ο | ο | |||||
| Employment: females, sa (s, a, mqa) | 5 | 1949:Q3–2004:Q4 | ο | ο | ||||||
| Employment: males, sa (s, a, mqa) | 5 | 1949:Q3–2004:Q4 | ο | ο | ||||||
| Employment: total, sa (s, a, mqa) | 5 | 1949:Q3–2004:Q4 | ο | ο | ο | |||||
| Employment: full-time, sa | 5 | 1978:Q2–2004:Q4 | ο | ο | ||||||
| Employment: part-time, sa | 5 | 1978:Q2–2004:Q4 | ο | ο | ||||||
| Industrial disputes: working days lost, sa (a) | 5 | 1976:Q3–2004:Q3 | ο | |||||||
| Overtime in the manufacturing industry, sa (a, m) | 5 | 1979:Q3–1999:Q2 | ο | |||||||
| Total job vacancies: private sector, sa (m) | 5 | 1979:Q2–2002:Q4 | ο | ο | ||||||
| Total job vacancies: public sector, sa (m) | 5 | 1979:Q2–2004:Q4 | ο | ο | ||||||
| Total job vacancies, sa (s, a, m) | 5 | 1966:Q1–2004:Q4 | ο | |||||||
| Unemployment rate: females, sa (c, mqa) | 1 | 1966:Q3–2004:Q4 | ο | ο | ο | |||||
| Unemployment rate: males (c, mqa) | 1 | 1966:Q3–2004:Q4 | ο | ο | ο | |||||
| Wage and salary earners in civilian employment: | ||||||||||
| Building & construction: private, sa (a, m) | 5 | 1983:Q3–2001:Q4 | ο | |||||||
| Building & construction: public, sa (a, m) | 5 | 1983:Q3–2004:Q4 | ο | |||||||
| Government: persons, sa (a, m) | 5 | 1983:Q3–2004:Q4 | ο | |||||||
| Manufacturing: private, sa (a, m) | 5 | 1983:Q3–2001:Q4 | ο | |||||||
| Manufacturing: public, sa (a, m) | 5 | 1983:Q3–2004:Q4 | ο | |||||||
| Persons, sa (a, m) | 5 | 1983:Q3–2001:Q4 | ο | |||||||
| Number receiving unemployment benefits: persons, sa (s, f) | 5 | 1963:Q1–2004:Q4 | ο | ο | ο | |||||
| Industrial production | ||||||||||
| ACCI-Westpac Survey: | ||||||||||
| Actual level of capacity utilisation at which firms are working: net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| Capital expenditure on buildings: during next 12 mths net balance, nsa | 1 | 1961:Q1–2004:Q4 | ο | ο | ||||||
| Capital expenditure on plant and machinery: during next 12 mths net balance, nsa | 1 | 1961:Q1–2004:Q4 | ο | ο | ||||||
| Employment actual: change in past 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ||||||
| Employment expected: change in next 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ||||||
| Export deliveries actual: change in past 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| Export deliveries expected: change in next 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| General business situation expected: during next 6 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| New orders actual: change in past 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| New orders expected: change in next 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| Output actual: change in past 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| Output expected: change in next 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| Overtime actual: change in past 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| Overtime expected: change in next 3 mths net balance, nsa | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| Stocks, nsa (finished goods) actual: change in past 3 mths net balance | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| Stocks, nsa (finished goods) expected: change in next 3 mths net balance | 1 | 1960:Q3–2004:Q4 | ο | ο | ο | |||||
| Stocks, nsa (raw materials) actual: change in past 3 mths net balance | 1 | 1960:Q3–2004:Q4 | ο | ο | ||||||
| Stocks, nsa (raw materials) expected: change in next 3 mths net balance | 1 | 1960:Q3–2004:Q4 | ο | ο | ||||||
| Basic iron production, sa (a) | 5 | 1956:Q1–2000:Q3 | ο | ο | ||||||
| Beer production, sa (a) | 5 | 1956:Q1–2004:Q3 | ο | ο | ||||||
| Clay bricks production, sa (a) | 5 | 1956:Q1–2004:Q3 | ο | ο | ||||||
| Electricity production, sa (a) | 5 | 1956:Q1–2004:Q3 | ο | ο | ||||||
| Portland cement production, sa (a) | 5 | 1956:Q1–2004:Q3 | ο | ο | ||||||
| Tobacco and cigarettes production, sa (a) | 5 | 1956:Q1–2004:Q2 | ο | ο | ||||||
| Building and CAPEX | ||||||||||
| Capital: expenditure private new buildings & structures, sa | 5 | 1969:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Capital: expenditure private new capital equipment, sa | 5 | 1969:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Capital: expenditure private total, sa | 5 | 1969:Q3–2004:Q4 | ο | ο | ||||||
| Commencements: private new houses excluding conversions, sa | 5 | 1969:Q3–2004:Q4 | ο | ο | ||||||
| Commencements: total new houses and flats excluding conversions, number, sa (s, a) | 5 | 1959:Q1–2004:Q4 | ο | ο | ο | ο | ο | |||
| Commencements: total new houses and flats including conversions, number, sa | 5 | 1980:Q3–2004:Q4 | ο | |||||||
| Completed: private new houses excluding conversions, sa | 5 | 1969:Q3–2004:Q4 | ο | ο | ||||||
| Completed: total new houses and flats excluding conversions, number, sa (s, a) | 5 | 1959:Q1–2004:Q4 | ο | ο | ο | ο | ο | |||
| Completed: total new houses and flats including conversions, number, sa | 5 | 1980:Q3–2004:Q4 | ο | |||||||
| Work done: private engineering construction, sa | 5 | 1976:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Work done: private new houses and flats, sa | 5 | 1974:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Work done: private non-residential buildings, sa | 5 | 1974:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Work done: total buildings, sa | 5 | 1974:Q3–2004:Q4 | ο | ο | ||||||
| Work done: total new houses and flats, sa | 5 | 1974:Q3–2004:Q4 | ο | ο | ||||||
| Work done: total non-residential buildings, sa | 5 | 1974:Q3–2004:Q4 | ο | ο | ||||||
| Internal trade | ||||||||||
| Retail sales, all items excluding parts, petrol etc, sa (s) | 5 | 1968:Q3–2004:Q4 | ο | ο | ||||||
| Retail sales, all other goods excluding petrol, parts etc, sa (c) | 5 | 1983:Q3–2004:Q4 | ο | |||||||
| Retail sales, clothing and soft goods, household goods, sa | 5 | 1983:Q3–2004:Q4 | ο | |||||||
| Motor vehicle registrations: total, sa (f) | 5 | 1980:Q1–2001:Q4 | ο | |||||||
| Motor vehicle registrations: cars & station wagons, sa (s, a, f) | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Overseas transactions | ||||||||||
| Exports of wool and sheepskins, sa | 5 | 1974:Q3–2004:Q4 | ο | ο | ||||||
| Services imports, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Total imports: goods, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Total exports: goods, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ||||||
| Rural exports, sa (a) | 5 | 1974:Q3–2004:Q4 | ο | ο | ||||||
| Non-rural exports, sa (a) | 5 | 1974:Q3–2004:Q4 | ο | ο | ||||||
| Services exports, sa | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Total arrivals, sa (a, f) | 5 | 1977:Q1–2004:Q4 | ο | ο | ||||||
| Total departures, sa (a, f) | 5 | 1977:Q1–2004:Q4 | ο | ο | ||||||
| Prices | ||||||||||
| CPI: all goods, nsa (s) | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ο | ο | ||
| CPI: food, nsa (c) | 5 | 1969:Q3–2004Q4 | ο | ο | ||||||
| Export price index: goods & services credits IPD, sa (c) | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Import price index: goods & services debits IPD, sa (c) | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| JP Morgan RER, nsa (f) | 5 | 1970:Q1–2004:Q4 | ο | ο | ||||||
| RBA commodity price index, nsa (f) | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Private finance | ||||||||||
| Official reserve assets, sa (a, f) | 5 | 1969:Q3–2004:Q4 | ο | ο | ||||||
| Credit: total (including securitisations), sa (f) | 5 | 1976:Q3–2004:Q4 | ο | ο | ||||||
| Government securities: 10-year Treasury bond yield, nsa (f) | 2 | 1969:Q1–2004:Q4 | ο | ο | ||||||
| Government securities: 5-year Treasury bond yield, nsa (f) | 2 | 1972:Q3–2004:Q4 | ο | |||||||
| 90-day bank bill, nsa (f) | 2 | 1969:Q3–2004:Q4 | ο | ο | ||||||
| 10-year–90-day spread, nsa (c, f) | 1 | 1969:Q3–2004:Q4 | ο | ο | ||||||
| Housing loans approved: total, number, sa (s, a, f) | 5 | 1970:Q3–2004:Q4 | ο | ο | ||||||
| Housing loans approved: new dwellings, number, sa (s, a, f) | 5 | 1960:Q1–2004:Q4 | ο | ο | ο | |||||
| Bank assets: resident assets – residential loans and advances, sa (a, f) | 5 | 1976:Q3–2004:Q4 | ο | ο | ||||||
| Bank assets: resident assets – personal loans and advances sa (a, f) | 5 | 1976:Q3–2004:Q4 | ο | |||||||
| Share prices, nsa (f) | 5 | 1959:Q3–2004:Q4 | ο | ο | ο | ο | ||||
| Volume of money – total: M3 sa (f) | 5 | 1965:Q1–2004:Q4 | ο | ο | ο | |||||
| Government finance | ||||||||||
| Australian Government revenues, sa (m, a, f) | 5 | 1973:Q4–2004:Q4 | ο | ο | ||||||
| Australian Government expenses, sa (m, a, f) | 5 | 1973:Q4–2004:Q4 | ο | ο | ||||||
| Monthly | ||||||||||
| Employment | ||||||||||
| Employment, sa | 5 | 1978:M2–2004:M12 | ο | ο | ο | ο | ||||
| Employment: full-time, sa | 5 | 1978:M2–2004:M12 | ο | ο | ο | ο | ||||
| Employment: part-time, sa | 5 | 1978:M2–2004:M12 | ο | ο | ο | ο | ||||
| Industrial disputes: working days lost, sa (a) | 5 | 1976:M6–2004:M12 | ο | ο | ||||||
| Number receiving unemployment benefits: persons, sa | 5 | 1976:M7–2004:M12 | ο | ο | ο | ο | ||||
| Participation rate, sa | 2 | 1978:M2–2004:M12 | ο | ο | ο | ο | ||||
| Total arrivals, sa (a) | 5 | 1977:M1–2004:M12 | ο | ο | ο | ο | ||||
| Total departures, sa (a) | 5 | 1977:M1–2004:M12 | ο | ο | ο | ο | ||||
| Unemployment rate, sa | 2 | 1978:M2–2004:M12 | ο | ο | ο | ο | ||||
| Wage and salary earners in civilian employment: | ||||||||||
| Government: persons, sa | 5 | 1983:M1–2001:M12 | ο | ο | ||||||
| Private: persons, sa | 5 | 1983:M1–2001:M12 | ο | ο | ||||||
| Building & construction: total, sa | 5 | 1983:M1–2001:M12 | ο | ο | ||||||
| Manufacturing: total, sa | 5 | 1983:M1–2001:M12 | ο | ο | ||||||
| Building and CAPEX | ||||||||||
| Approvals: private new houses and flats, number, sa | 5 | 1965:M1–2004:M12 | ο | ο | ||||||
| Approvals: total residential buildings, value, sa (d) | 5 | 1978:M1–2004:M12 | ο | ο | ο | ο | ||||
| Approvals: total new houses and flats, number, sa (s, a) | 5 | 1959:M9–2004:M12 | ο | ο | ο | ο | ||||
| Approvals: total non-residential buildings, value, sa (s, a, d) | 5 | 1978:M3–2004:M12 | ο | ο | ο | ο | ||||
| Internal trade | ||||||||||
| Motor vehicle registrations: total, spliced to sales at 2002:M1, sa (s) | 5 | 1980:M1–2004:M12 | ο | ο | ||||||
| Motor vehicle registrations: cars & station wagons, sa (s, a) | 5 | 1959:M1–2004:M12 | ο | ο | ο | ο | ||||
| Retail sales excluding petrol, parts etc, sa (s, a, d) | 5 | 1968:M9–2004:M12 | ο | ο | ο | ο | ||||
| WMI consumer sentiment index, sa (m) | 1 | 1974:M9–2004:M12 | ο | ο | ||||||
| Overseas transactions | ||||||||||
| Capital goods imports, sa (d) | 5 | 1985:M9–2004:M12 | ο | ο | ||||||
| Consumption goods imports, sa (d) | 5 | 1985:M9–2004:M12 | ο | ο | ||||||
| Exports of wool and sheepskins, sa (a, d) | 5 | 1977:M7–2004:M12 | ο | ο | ||||||
| Intermediate goods imports excluding RBA gold, sa (d) | 5 | 1985:M9–2004:M12 | ο | ο | ||||||
| Non-industrial transport equipment imports, sa (a, d) | 5 | 1985:M9–2004:M12 | ο | ο | ||||||
| Services imports, sa (d) | 5 | 1971:M7–2004:M12 | ο | ο | ο | ο | ||||
| Rural goods exports, sa (d) | 5 | 1977:M7–2004:M12 | ο | ο | ο | ο | ||||
| Non-rural goods exports, sa (d) | 5 | 1974:M9–2004:M12 | ο | ο | ο | ο | ||||
| Services exports, sa (d) | 5 | 1971:M7–2004:M12 | ο | ο | ο | ο | ||||
| Prices | ||||||||||
| JP Morgan RER, nsa | 5 | 1970:M1–2004:M12 | ο | ο | ο | ο | ||||
| RBA commodity price index, nsa (s) | 5 | 1959:M2–2004:M12 | ο | ο | ο | ο | ||||
| Private finance | ||||||||||
| Official reserve assets, nsa | 5 | 1969:M7–2004:M12 | ο | ο | ||||||
| Credit: total (incl securitisations), sa | 5 | 1976:M9–2004:M12 | ο | ο | ο | ο | ||||
| Government securities: 10-year Treasury bond yield, nsa | 2 | 1969:M7–2004:M12 | ο | ο | ο | ο | ||||
| 90-day bank bill, nsa | 2 | 1969:M6–2004:M12 | ο | ο | ο | ο | ||||
| 10-year–90-day spread, nsa (c) | 1 | 1969:M7–2004:M12 | ο | ο | ο | ο | ||||
| Housing loans approved: total, number, sa | 5 | 1975:M1–2004:M12 | ο | ο | ο | ο | ||||
| Housing loans approved: new dwellings, number, sa (s, a) | 5 | 1960:M1–2004:M12 | ο | ο | ||||||
| Bank assets: resident assets – residential loans and advances, sa (a) | 5 | 1976:M8–2004:M12 | ο | ο | ||||||
| Bank assets: resident assets – personal loans and advances, sa (a) | 5 | 1976:M8–2004:M12 | ο | ο | ||||||
| Share prices, nsa | 5 | 1947:M7–2004:M12 | ο | ο | ο | ο | ||||
| Volume of money – total: M3, sa | 5 | 1965:M3–2004:M12 | ο | ο | ο | ο | ||||
| Government finance | ||||||||||
| Australian Government revenues, sa (m, a) | 5 | 1973:M8–2004:M12 | ο | ο | ο | ο | ||||
| Australian Government expenses, sa (m, a) | 5 | 1973:M8–2004:M12 | ο | ο | ο | ο | ||||
|
Notes: ο indicates series included in index. The following abbreviations apply: c (calculation); d (deflated with interpolated quarterly deflator); a (seasonally adjusted by authors with ×12); f (monthly series converted to quarterly frequency); m (level observed in mid-month of quarter); mqa (level observed in mid-month of quarter before June 1978, quarterly averages thereafter); s (series is spliced). Q:BP1960 quarterly, balanced panel, 1960–2004 M: BP1980 monthly, balanced panel, 1980–2004 Q: NBP1960 quarterly, non-balanced panel, 1960–2004 Q: BP1980 quarterly, balanced panel, 1980–2004 Q: NBP1980 quarterly, non-balanced panel, 1980–2004 M: NBP1980 monthly, non-balanced panel, 1980–2004 MF: BP1980 mixed frequency, balanced panel, 1980–2004 MF: NBP1980 mixed frequency, non-balanced panel, 1980–2004 (b) Transformation codes (as in Stock and Watson 2002): 1: no transformation 2: first differenced 5: log first differenced |
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