The Composite Index figures for recent months were revised slightly downward (Table 1). The downward revision for April is more significant, as it derives from the publication of GDP growth figures that were lower than expected in the second quarter, and the decline in goods exports in that month.
Table 2 presents the development of components of the Index in the past few months.
Table 1: Revisions in the Composite Index
|
Revision |
Previous data |
New data |
|
July |
|
0.24 |
|
June |
0.32 |
0.28 |
|
May |
0.25 |
0.21 |
|
April |
0.34 |
0.15 |
Table 2: Changes in the Index components in recent months
(monthly percent change, unless otherwise noted)
|
|
July 2017 |
June 2017 |
May 2017 |
April 2017 |
|
Industrial Production Index (excluding mining and quarrying) |
|
1.9 |
-3.8 |
4.2 |
|
Services Revenue Index (excluding education and public administration) |
|
2.1 |
-1.5 |
0.7 |
|
Retail Trade Revenue Index |
|
2.0 |
-3.2 |
1.9 |
|
Imports of consumer goods1 |
1.3 |
-0.3 |
-1.6 |
2.4 |
|
Imports of manufacturing inputs (excluding fuels)1 |
-0.1 |
-4.8 |
0.7 |
4.3 |
|
Goods exports (excluding agriculture) 1 |
-8.4 |
-2.4 |
0.4 |
-5.0 |
|
Services exports (excluding transportation) 1 |
|
|
-1.1 |
3.0 |
|
Number of employee posts in the private sector |
|
|
0.2 |
0.1 |
|
Rate of vacant employee posts out of total number of employed people in the business sector2 |
3.9 |
3.8 |
3.8 |
3.8 |
1 Foreign trade indices are quantitative (in contrast to CBS monthly foreign trade indices).
2 The job vacancy rate is included in the Index at its level, seasonally adjusted and smoothed.
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