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| 21.02.2009 |
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| The Composite State-of-the-Economy Index for January 2010 rises by 0.2 percent
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| The composite state-of-the-economy index rose by 0.2 percent in January 2010.[1] The rise, coming after those in the previous months, shows that the recovery in economic activity is continuing. The rise this month[2] was due to rises in the indices of manufacturing production and trade and services revenue, moderated by the slowdown in the rise in goods exports and consumer goods imports indices. |
| The main components of the index moved as follows: the index of manufacturing production rose by 1.2 percent in December, after falling by 1.3 percent in November. The trade and services revenue index rose by 0.6 percent in December, following its 0.2 percent rise in November. The services exports index rose by 8.2 percent in January, following its small decline in December. The goods exports index did not change in January, after its 7.4 percent rise in December. The index of consumer goods imports edged up by a low 0.2 percent in January, following its rise of 2.9 percent in December. The index of imports of production inputs rose by 5.8 percent in January, following its 1.5 percent rise in December. |
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| Updated rates of change in composite index (in percent)
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| November |
0.4 |
0.3 |
| December |
0.4 |
0.3 |
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| [1] In calculating the composite index, changes in its components (seasonally adjusted)—in both the current month and previous months with a lag—are taken into consideration. |
| [2] This rise in the index this month reflects no change relative to the long-term trend growth. The long-term trend growth is calculated as a linear combination of the weighted trends of the components of the index––by weights which change over time––and a constraint that makes it converge to the growth trend of business sector product, in monthly terms. |
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