To ensure the highest-quality forecasts, Moody's Analytics will periodically add forecasts for series for which country data become available and will revise them based on changes to how they are reported from their national offices. Equation specifications, as well as implications for other parts of our forecasts, may also appear in Mnemonic 411.

The added and removed baseline series are as follows. The corresponding alternative scenarios are similarly affected.

Data changes

• All Middle East and North Africa population forecasts have been adjusted to World Bank projections instead of the U.S. Census Bureau’s international database.
• Irish national accounts were rebased to 2015 base year from 2014 base year.
• Norwegian national accounts were rebased to 2015 base year from 2014 base year.
• South African industrial production was rebased to 2015 base year from 2010 base year.
• The labor cost index for New Zealand has been discontinued (FYPWSILQ.INZL).
• Major labor statistics revisions occurred in Bahrain, Ghana, Oman, Peru and Qatar (FLB?Q.IBHR, FLB?Q.IGHA, FLB?Q.IOMN, FLB?Q.IPER, FLB?Q.IQAT).

Data additions

• Chinese purchasing managers index (FPMIQ.ICHN).
• Two money supply variables for China, including M1 and M0 (FM0Q.ICHN, FM1Q.ICHN).
• Commercial property price index data were added for China, Denmark, the euro zone, Hong Kong, and Singapore (FCPP?Q.ICHN, FCPP?Q.IHKG, FCPP?Q.ISGP, FCPP?Q.IDNK, FCPP?Q.IEUZN).
• Total credit data were added for Bahrain, Ghana, Iraq and Tunisia (FDCREDLQ.IBHR, FDCREDLQ.IGHA, FDCREDLQ.IIRQ, FDCREDLQ.ITUN).
• Industrial production data were added for Egypt, Oman and Tunisia (FIPQ.IEGY, FIPQ.IOMN, FIPQ.ITUN).
• A money supply series (M2) was added for Tunisia (FM2Q.ITUN).
• Real and nominal house prices were added for Chile, New Zealand and South Africa (FHPIQ.ICHL, FHPI$Q.ICHL, FHPIQ.INZL, FHPI$Q.INZL, FHPIQ.IZAF, FHPI$Q.IZAF).
• Nominal fixed investment and nominal change in inventories were added for the U.K. (FIFLQ.IGBR, FIILQ.IGBR).
• Real and nominal household disposable income were added for the Philippines (FYPDL$Q.IPHL, FYPDLQ.IPHL).
• Insolvencies and liquidations were added for South Africa (FBKBIQ.IZAF, FBKBLQ.IZAF).
• The three-month government bond yield was added for Saudi Arabia (FRTB3MQ.ISAU).
• The economic composite indicator and non-oil economic composite indicator were added for the United Arab Emirates (FECIQ.IARE, FECIXOILQ.IARE).
• National accounts of non-oil production as well as crude oil and natural gas production were added for the United Arab Emirates (FGDPNOILL$Q.IARE, FGDPOILL$Q.IARE).
• The number of residential building permits was added for the United Arab Emirates (FHBPRESQ.IARE).