The new seasonal factors, to be applied to the September 2002 estimates (due for release on 12 November 2002), will incorporate some methodological changes.
There are five seasonally adjusted lending finance series: two for personal finance (fixed and revolving commitments), two for commercial finance (fixed and revolving commitments), and one for lease finance commitments. The total commercial finance and total personal finance series are derived by summing their two corresponding component series.
A new methodology for seasonal analysis was introduced. In particular, an improved methodology has been applied to the treatment of the Easter holiday, resulting in relatively greater revisions to the factors for March and April for all series.
The file 5671Factors_2002.xls includes the factors for all five series, including forward factors to September 2003.
For further information on these seasonal factors, please refer to the relevant ABS contacts on the the Finance Themes page.
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