National Income, Expenditure and Product, ABS Cat No
5206.0
Real US output
Definition:
Real US gross domestic product (chain volume, $US 1996 reference
prices, seasonally adjusted).
Source:
Datastream, USGDP…D
OECD industrial production
Definition:
Industrial production of OECD members (constant prices, indexed
to 1995=100, seasonally adjusted). Before 1995:Q1, movements of a narrower measure
of industrial production have been spliced onto the series.
Australian dollar against a nominal GDP weighted-average of G7
currencies. Indexed to 1980 = 100.
Source:
Reserve Bank of Australia, unpublished data
Real exchange rate
Definition:
Australian dollar against a trade-weighted basket of
major-trading-partner currencies adjusted by domestic and foreign consumer prices.
Indexed to Mar 1985 = 100.
Source:
Reserve Bank of Australia, unpublished data
Terms of trade
Definition:
Terms of trade for goods and services. Indexed to 1997/98 =
100.
Source:
National Income, Expenditure and Product, ABS Cat No
5206.0
Nominal cash rate
Definition:
Prior to August 1996, cash market interbank overnight rate.
From August 1996 onwards, cash market 11am call rate.
Source:
Reserve Bank of Australia Bulletin, Table F.1
Share price accumulation index
Definition:
Accumulated index for share market returns on the Australian All
Ordinaries, incorporating dividend yields. Indexed to 1989/90 = 100.
Source:
Datastream, TOTMKAU(RI)
Real share price accumulation index
Definition:
Share price accumulation index deflated by Australian consumer
price index.
Consumer price index (CPI)
Definition:
Acquisitions consumer price index. Indexed to 1989/90 = 100.
Source:
Consumer Price Index, ABS Cat No 6401.0
Unit labour costs
Definition:
Non-farm unit labour costs per hour per wage and salary earner.
Indexed to 1989/90 = 100.
Total non-farm labour costs (wage and salary earners) per hour
divided by productivity per hour in the non-farm sector.
Source:
National Income, Expenditure and Product, ABS Cat No
5206.0.
Non-wage labour costs data obtained by special request from the
ABS.
Import prices
Definition:
Implicit price deflator for merchandise imports, excluding fuels
and lubricants, civil aircraft and Reserve Bank of Australia imports of gold.
Indexed to 1989/90 = 100.
Source:
National Income, Expenditure and Product, ABS Cat No
5206.0.
Reserve Bank of Australia imports of gold data not publicly
available.
Tariff rate
Definition:
Customs duty receipts divided by the value of merchandise imports
(excluding fuels and lubricants, civil aircraft and Reserve Bank of Australia
imports of gold). Seasonally adjusted.
Source:
Australian Customs Service
Foreign export prices
Definition:
Nominal GDP weighted-average of G7 export price indices. Indexed
to 1990 = 100.
Source:
Export price indices from Datastream.
Foreign consumer prices
Definition:
Geometric import-weighted average of core consumer prices of G7
countries. Calculated as the ratio of nominal and real G7 import weighted exchange
rates. Indexed to 1989/90 = 100.
Source:
Reserve Bank of Australia, unpublished data
Foreign real interest rate
Definition:
Nominal GDP weighted-average of short-term policy interest rates
of the US, Germany and Japan (G3) less four-quarter-ended core inflation in each
country.
Source:
Interest rates: Reserve Bank of Australia Bulletin,
Table F.11. For the German repo rate prior to 1999: Datastream, FOOIRGRR.
Yield on the conventional Australian 10-year bond less the yield
on Treasury capital indexed bonds of similar maturity.
Before 1985:Q3, movements in the Debelle and Vickery (1997)
inflation expectations series have been spliced onto this series.
Source:
Conventional 10-year bond yield: Reserve Bank of Australia Bulletin,
Table F.2
Treasury capital indexed bond yields: unpublished data collected
by Reserve Bank of Australia. Daily reading available on Reuters page RBA29.
Oil price
Definition:
Australian dollar price of West Texas Intermediate crude oil per
barrel. Calculated using the US dollar price per barrel of West Texas Intermediate
crude oil and the AUD/USD exchange rate. Indexed to 1989/90=100.
