Revised format for money, credit, and financial statistics tables

An improved layout for the money, credit, and financial statistics section of the Reserve Bank’s website has been introduced with the release of the regular monthly statistical tables C1 – C10 on November 27, 2009. The content of the summary tables has been reduced to better align with their key function of providing just the “headline” time series. More comprehensive coverage will still be available in the historical series in MS Excel format.  These tables too will be modified over the course of 2010 to enable more supporting information to be disseminated.  Many workbooks are reduced to just a single tab, simplifying the delivery of the data. Long-run discontinued series have been moved to new Excel workbooks presented in the same thematic section as the related current series. Detailed information on survey changes and series breaks have been moved to a new survey notes section available along with background notes and series descriptions.

Other improvements will follow over the next year as the majority of our statistical data is reviewed.  Your feedback on any changes, or suggested improvements, is welcomed.

Revisions to money, credit, and financial statistics released November 27, 2009

October 2009 money, credit, and financial statistics data released on November 27, 2009 incorporate revisions to the data previously published. The primary driver for the revisions was the implementation of new data management software in the Reserve Bank. The new software has permitted the bank to improve the sectorisation and classification of its accounts. The migration of historical data series and information to the new software system has identified and corrected some misclassifications, data gaps, and other errors in the historical database. Revisions to the historical observations are indicated by bolding.

Seasonal adjustment

Money and credit aggregates are affected by seasonal factors, for example school holidays, festivities and the farming cycle. The existence of such seasonality complicates month-to-month comparisons of growth rates. To compensate for these seasonal differences, and beginning with October 2009 monthly survey, the Reserve Bank has adopted the US Census Bureau’s X12 software, upgrading from the X11 version previously used.