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To ensure the highest-quality forecasts, Moody’s Analytics adjusts equations based on new historical data. Qatar, Algeria, Jordan and Myanmar GDP were rebased, leading to equation re-estimations. Furthermore, any variables dependent on a series that has been revised/rebased has also undergone equation adjustments. Employment industry details were added for India this month, while office, retail and warehouse aggregates for employment and output were added across countries. Other additions for this month include residential and nonresidential permits for Austria, stock prices for Laos, and M2 money supply for Nigeria.
Summaries of the concepts changed and added to the baseline forecast are bellow. The attached document provides details of the equation adjustments for existing series as well as series that have been added. The corresponding alternative scenarios are similarly affected.
Equation changes
1. Qatar, Algeria, Jordan and Myanmar GDP rebased
2. France labor force survey revised to include most overseas territories
3. Italy and Ireland FDIIN, FDIOUT and FPIBAL scale corrected
4. Romania disposable income revised
Series additions
1. India industry employment details
2. Office, retail and warehouse aggregates for employment and output for all countries
3. Austria residential and nonresidential permits
4. Laos LSX composite stock price index
5. Nigeria M2 money supply
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