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Indicators

Observer 203, December 1996/January 1997

Definitions and Notes

Gross Domestic Product Volume series, seasonally adjusted except for Czech Republic and Portugal.

Leading Indicator A composite indicator, based on other indicators of economic activity (employment, sales, income, etc.), which signals cyclical movements in industrial production from six to nine months in advance

Consumer Price Index Measures changes in average retail prices of a fixed basket of goods and services

Current Balance $ billion; not seasonally adjusted except for Australia, the United-Kingdom and the United States

Unemployment Rate % of civilian labour force – ILO standardised unemployment rate; national definitions for Czech Republic, Iceland, Mexico, Switzerland and Turkey; seasonally adjusted apart from Turkey

Interest Rate Three months, except for Greece (twelve months)

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