| fetchAmecoData {RGAP} | R Documentation |
Current 'AMECO' data vintage
Description
Fetches the 'AMECO' data for the EC output gap estimation from the current vintage.
Usage
fetchAmecoData(country = NULL, cubs = TRUE)
Arguments
country |
The country name. If left unspecified, data for all countries will be returned. |
cubs |
A logical indicating whether the CUBS indicator should be computed if possible (see details). |
Details
For the computation of CUBS, the following three seasonally adjusted series are used: the utilization indicators in the service industry, the building and construction industry, and capacity utilization in manufacturing/industry.
The confidence indicator in the service industry is composed of question 1, 2, and 3 of the monthly service sector survey ((Q1 + Q2 + Q3)/3). The underlying survey questions are as follows:
Q1 Business situation development over the past 3 months
Q2 Evolution of the demand over the past 3 months
Q3 Expectation of the demand over the next 3 months
The confidence indicator in the building and construction industry is composed of question 3 and 4 of the monthly building and construction sector survey ((Q3 and Q4)/2). The underlying survey questions are as follows:
Q3 Evolution of your current overall order books
Q4 Employment expectations over the next 3 months
The indicator for capacity utilization in manufacturing/industry is based on question 13 of the quarterly industry sector survey. The underlying survey question is as follows:
Q3 Current level of capacity utilization
Value
A list with multiple time series objects for each country. If country is
specified, a multiple time series object is returned. For each country, the following
series are included:
popw |
Population: 15 to 64 years (unit: 1000 persons, code: NPAN) |
ur |
Unemployment rate, total; Member States: definition EUROSTAT (unit: Percentage of civilian labor force, code: ZUTN) |
etd |
Employment, persons: total economy (National accounts) (unit: 1000 persons, code: NETN) |
et |
Employment, persons: all domestic industries (National accounts) (unit: 1000 persons, code: NETD) |
eet |
Employees, persons: all domestic industries (National accounts) (unit: 1000 persons, code: NWTD) |
vaind |
Gross value added at constant prices: manufacturing industry (unit: bn National currency, code: OVGM) |
vaserv |
Gross value added at constant prices: services (unit: bn National currency, code: OVG5) |
vabuil |
Gross value added at constant prices: building and construction (unit: bn National currency, code: OVG4) |
pconsp |
Price deflator private final consumption expenditure (unit: National currency reference year = 100, code: PCPH) |
cpih |
Harmonised consumer price index (All-items, 2015 = 100, code: ZCPIH) |
cpin |
National consumer price index (All-items, 2015 = 100, code: ZCPIN) |
ngdp |
Gross domestic product at current prices (unit: bn National currency, code: UVGD) |
gdp |
Gross domestic product at constant prices (unit: bn National currency, code: OVGD) |
gdpdefl |
Price deflator gross domestic product (unit: National currency reference year = 100, code: PVGD) |
ahours |
Average annual hours worked per person employed (unit: Hours, code: NLHA) |
l |
Total annual hours worked: total economy (unit: millions, code: NLHT) |
wtotal |
Compensation of employees: total economy (unit: bn National currency, code: UWCD) |
nulc |
Nominal unit labour costs: total economy (Ratio of compensation per employee to real GDP per person employed.) (unit: National currency reference year = 100, code: PLCD) |
k |
Net capital stock at constant prices: total economy (unit: bn National currency, code: OKND) |
serv |
Confidence indicator in the service industry |
buil |
Confidence indicator in the bulding and construction industry |
indu |
Capacity utilization in manufacturing/industry |
Additionally, if cubs = TRUE, the capacity utilization economic sentiment
indicator cubs will be returned.
Source
https://economy-finance.ec.europa.eu/economic-forecast-and-surveys/business-and-consumer-surveys_en