Appendix A: Series considered in the construction of the composite index of leading indicators[13]

Domestic aggregate economic activity

real production-based gross domestic product (GDP)
real expenditure-based GDP
real production-based GDP: manufacturing
real production-based GDP: construction
real production-based GDP: wholesale trade
real production-based GDP: transport and storage
real production-based GDP: communications
real production-based GDP: services
real production-based GDP: change in total stocks

Consumption

private consumption (real)
private consumption of housing (real)
private consumption of durables (real)
private consumption of non-durables (real)
net tourist consumption (real)
total household consumption (real)
electricity generation: sales to customers
retail sales excluding automotive and personal services

Investment

new dwelling consents
total dwellings
REINZ number of dwelling sales
market investment (real)
market investment in plant and machinery (real)
non-residential market investment (real)
total investment in plant and machinery (real)
non-residential total investment (real)

Trade

merchandise imports
merchandise exports
exports (real)
exports of goods (real)
volume of merchandise exports
volume of merchandise imports
exports of meat and meat products (real)
livestock slaughter
dairy exports (real)
arrivals, overseas visitors

Financial and monetary variables

consumer price index adjusted for the introduction / increase in the goods and services tax (CPI)
food price index
monetary conditions index (MCI)
MCI divided by CPI
1 year government bond yield
2 year government bond yield
5 year government bond yield
10 year government bond yield
30 day bank bill yield
60 day bank bill yield
90 day bank bill yield
10 year government bond yield minus 1 year bond government bond yield
10 year government bond yield minus 2 year bond government bond yield
10 year government bond yield minus 5 year bond government bond yield
5 year government bond yield minus 1 year bond government bond yield
5 year government bond yield minus 2 year bond government bond yield
10 year government bond yield minus 30 day bank bill yield
10 year government bond yield minus 60 day bank bill yield
10 year government bond yield minus 90 day bank bill yield
5 year government bond yield minus 30 day bank bill yield
5 year government bond yield minus 60 day bank bill yield
5 year government bond yield minus 90 day bank bill yield
call rate
NZD/AUD exchange rate: average 11am
NZD/USD exchange rate: average 11am
trade weighted index (TWI): average 11am
NZD / AUD exchange rate: end of period
NZD / USD exchange rate: end of period
TWI with end of period bilateral exchange rates
total billings on New Zealand credit cards
total advances on credit cards outstanding
notes and coins held by the public
M1
M1 divided by CPI
M2
M2 divided by CPI
M3
M3 divided by CPI
resident M3 resident M3 divided by CPI
private sector credit
resident private sector credit
domestic credit
resident domestic credit
New Zealand stock exchange capital total: price index (NZSE)
NZSE divided by CPI

Business and consumer confidence

Quarterly Survey of Business Opinion (QSBO): general business situation
QSBO: find skilled labour
QSBO: find unskilled labour
QSBO: limiting factor -- labour
QSBO: limiting factor -- capital
QSBO: limiting factor -- other
QSBO: new investment in buildings
QSBO: new investment in plant and machinery
QSBO: number of employees (past three months)
QSBO: overtime worked (past three months)
QSBO: labour turnover (past three months)
QSBO: average costs (past three months)
QSBO: average selling price (past three months)
QSBO: profitability (past three months)
QSBO: number of employees (next three months)
QSBO: overtime worked (next three months)
QSBO: labour turnover (next three months)
QSBO: average costs (next three months)
QSBO: profitability (next three months)
QSBO: economy-wide capacity utilisation
National Bank Business Outlook (NBBO): commercial construction intentions (next 12 months)
NBBO: residential construction intentions (next 12 months)
NBBO: employment expectations, total all sectors (next 12 months)
NBBO: business confidence, total all sectors (next 12 months)
NBBO: activity outlook, total all sectors (next 12 months)
NBBO: investment intentions, total all sectors (next 12 months)
Wholesale Trade Survey (WTS): sales
WTS: stocks
WTS: stock to sales ratio
consumer confidence, one network news, Colmar Brunton poll

Labour market indicators

Household Labour Force Survey (HLFS) hours worked
HLFS: unemployment rate
HLFS: participation rate
ANZ job advertisement
permanent and long-term migration, net actuals
external migration, total arrivals
long-term migration, arrivals
Quarterly Employment Survey: total paid hours, all industries
average ordinary time wages divided by CPI

Foreign variables

ANZ commodity price index
US industrial production, total index
Conference Board US composite leading indicator
Conference Board US coincident leading indicator
National Association of Purchasing Management (NAPM): purchasing managers’ index
NAPM: production index
NAPM: new orders index
NAPM: deliveries index
NAPM: inventories index
NAPM: employment index
NAPM: commodity price index
NAPM: imports index
NAPM: new export orders index
NAPM: US help wanted index
3 months US Treasury notes
10 year US Treasury notes
10 year US Treasury notes minus three months US Treasury notes
US M1 divided by US consumer price index