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Your Overview of Data Additions

US Minimum Wages per State, Business Cycle Index for Switzerland, CSI Real Estate Indicator for Hong-Kong, and Australian daily Electricity Demand & Price per Region

United States: Minimum Wages per State

For the United States, we’ve just added minimum wages per state. Differential provisions may exist between States: State law often exempts particular occupations or industries, some states also set subminimum rates for minors and/or students, and some local governments set minimum wage rates higher than their respective state’s minimum wage. Users are encouraged to consult the laws of particular states in determining whether the state’s minimum wage applies to a particular employment.

In the chart below, we used the cross section analysis to calculate several statistics: mean, median, and percentiles across all states. Not all series have the same history.


Switzerland: Business Cycle Index

For Switzerland, we added the Business Cycle Index (BCI) calculated by the National Bank of Switzerland.
The dataset used for the BCI is based on around 650 indicators. They include official statistics, business and household surveys, financial market variables and foreign indicators. These include monthly indicators as well as others that are only available on a quarterly basis. The model is therefore designed to allow for different observation frequencies. The resulting economic indicator provides a good general reflection of the GDP growth cycle, but may deviate from quarter to quarter.

In the chart below, we compared the BCI with the GDP year-on-year % change. Using the Correlation analysis, we noticed that the optimal correlation was when the BCI was pushed forward by 5 months.


Hong-Kong: CSI Index

For Hong-Kong, we’ve added the Centa-Salesman Index (CSI). This real estate indicator is a survey of Centaline real estate agents on their market view. The survey takes place every Monday and is announced at 16:00 every Wednesday, reflecting the market view of estate agents, for the current week.
In the chart below, we displayed the CSI index, and highlighted the key ranges for this indicator:
CSI = 100 means all estate agents are bullish, 0 means all estate agents are bearish, 50 is the boundary between bullish and bearish.
Generally speaking, when the CSI is between 45-55 it indicates a flat market. When the CSI remains above 55 it indicates that property prices are on an upward trend; when below 45 it indicates a downward trend in property prices.


Australia: Electricity demand and prices per Region

For Australia, we’ve added daily series displaying the electricity demand and prices per region and half-hour.
The chart below displays the demand and price of electricity for New South Wales. Using the scalar analysis in Macrobond, we can present the evolution of the demand and price per half-hour for a specific day, here yesterday (i.e. Tuesday 16th October 2018).
If you’re a Macrobond user, you can open this chart and visualize an updated chart with yesterday’s values.


Another possibility is to compare the demand (or prices) for the different regions. The chart below compares New South Wales and Queensland demand of electricity for yesterday (i.e. Tuesday 16th October 2018). While we notice a similar pattern in the series, they differ around the inflection points.
If you’re a Macrobond user, you can open this chart and add other regions, by using Graph Layout.


Data additions by country/region


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