Comments on Selected Economic Indicators.

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    • Abstract:
      The article aims to highlight, in a series of comments, recent significant movements in a variety of economic indicators. The indicators themselves are grouped, for ease of interpretation, and set out in a number of analytical tables. The final section of each table shows for the latest four quarters and the next six quarters the trend values of each indicator in the usual units of measurement, $ million, etc. The trend values are computed on the basis of the calculated percentage trend value shown at the top of the column. The computed trend values for future quarters are simply extrapolations of the measured past trend of the series and are not forecasts. The estimates of gross fixed capital expenditure show that whereas spending on plant and equipment has been fairly steady over the last four quarters, outlays on new building and construction have risen quite sharply. From the industrial classification shown in the centre of the table, it is clear that the mining and service industries have been expanding strongly, manufacturing very little.