Peak Trough
1960 4 1961 2
1969 12 1970 11
1973 11 1975 3
1980 1 1980 7
1981 7 1982 11
1990 7 1991 3
2001 3
1960-61 1969-70 1973-75 1980 1981-82 1990-91 2001-
172 288 335 409 427 535 663
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1 IP Emp Trade Income 2 IP Emp Trade Income 3 IP Emp Trade Income 4 IP Emp Trade Income 5 IP Emp Trade Income 6 IP Emp Trade Income 7 IP Emp Trade Income
-18 32.914 51378 58.154 67783 324435 2572 64.537 73341 370383 2936.4 80.18 87037 458758 3588.7 81.87 90729 469898 3751.6 99.827 106993 596857 4944.6 140.392 129410 822904 6471.4
-17 33.883 51814 58.065 68003 327531 2588.6 64.745 73643 371999 2910.4 80.379 87324 464741 3606.5 81.933 90876 465478 3737.8 99.038 107244 590334 4949.4 141.481 129863 827808 6515.9
-16 33.925 51986 58.227 68219 321947 2597.5 64.648 73636 369689 2957.5 80.777 87434 463680 3621.6 81.908 90995 454879 3719.6 99.968 107438 586820 4963.1 141.879 130093 839259 6545
-15 34.431 52408 208096 1669 58.448 68365 326453 2609.3 65.529 73929 378551 2988.4 81.186 87797 467817 3640.2 80.311 90780 445141 3688.2 100.213 107637 592172 4955.6 142.808 130365 847549 6576.6
-14 35.105 52568 211037 1677.9 58.564 68603 330874 2613.3 66.248 74115 385061 3001.9 81.651 88249 469844 3652.5 78.322 90316 439442 3664.5 99.583 107738 589532 4934.4 143.569 130668 854291 6601.8
-13 35.611 52883 213685 1692.5 59.321 68855 333727 2624.1 67.199 74527 390376 3044.5 81.953 88559 472359 3675.5 77.329 89974 438177 3665.9 99.407 107838 587714 4947.6 144.291 130843 844396 6613.7
-12 36.37 53132 216266 1704.6 59.509 69161 330632 2633.4 68.003 74881 397844 3068.5 81.566 88728 467192 3680.1 76.833 89676 443706 3648.8 98.424 107933 581686 4954.1 145.234 131441 854938 6641.5
-11 36.917 53422 219204 1718.1 59.869 69272 330640 2634.2 68.649 75235 403150 3088.9 82.181 88985 464984 3694.9 77.734 89964 446904 3657.1 98.824 108048 596452 4959.1 146.266 131683 853618 6693.7
-10 36.96 53584 219908 1724 60.252 69542 331155 2643.9 68.703 75474 408285 3083.2 82.409 89426 478440 3711.6 78.885 90046 456317 3668.1 98.623 108178 592273 4952.8 147.228 131909 857758 6717.3
-9 36.075 53663 218391 1720.8 60.724 69791 332373 2656.2 69.653 75908 408923 3100.6 81.637 89363 465532 3681.8 79.453 90334 465847 3720.9 98.171 108290 586555 4962.2 147.896 131969 859468 6745.2
-8 34.852 53220 213742 1711.6 60.501 69948 333810 2665.3 69.634 76137 407290 3103.1 82.58 89681 475838 3686.3 80.735 90550 466157 3749.3 98.56 108571 591801 4986.8 147.595 131899 857657 6755.6
-7 34.81 53257 213261 1711.4 60.272 70180 333580 2674.8 69.889 76312 405605 3106 82.6 89955 470980 3697 81.135 90774 467308 3772.2 99.032 108692 593757 4995.9 148.65 131837 860389 6780.5
-6 34.557 53196 213431 1713.8 60.861 70498 333389 2683.9 70.185 76516 404305 3127.3 82.001 90019 470384 3699.2 80.436 91003 470153 3774.3 98.572 108946 589119 5004.8 148.973 132046 857751 6792.2
-5 34.768 53509 213178 1725.7 61.182 70668 333483 2698 70.722 76738 403498 3139.2 81.67 90159 471201 3705.8 80.821 91095 468215 3761 99.081 109263 597872 5029.6 148.66 132145 856748 6825.9
-4 36.917 54040 219879 1744.6 61.323 70799 337101 2715.7 71.161 76758 408997 3153.2 81.73 90149 468541 3703.9 81.187 91206 463378 3766.4 99.559 109461 601356 5031.3 148.206 132279 853255 6855.5
-3 37.887 54185 222747 1753.6 61.309 70833 338728 2720.7 71.12 77018 400545 3142 82.07 90360 467141 3724 80.644 91219 463637 3751.1 98.959 109499 594426 5055.9 147.3 132367 859045 6883
-2 37.55 54414 221322 1754.3 61.327 70993 342646 2726.6 71.666 77164 403310 3163.8 81.663 90466 467318 3739.1 81.32 91142 460358 3759.2 99.35 109790 599256 5045.7 146.013 132428 854960 6863.6
-1 37.212 54287 219359 1755.3 60.749 70941 337902 2726.8 71.933 77502 413655 3194.2 81.491 90617 465953 3752.4 81.83 91285 459143 3781.5 99.33 109869 600805 5054.1 145.443 132595 855289 6876.9
0 36.917 54634 220796 1761 60.586 71127 337279 2729.9 71.959 77833 420346 3204.9 81.87 90729 469898 3751.6 82.554 91410 460199 3825 99.284 109707 597586 5075.2 144.987 132654 852185 6904.5
1 36.875 54362 216691 1765.1 59.464 71018 333028 2725.6 70.823 77992 414720 3198.2 81.933 90876 465478 3737.8 82.184 91320 458356 3844.2 99.477 109543 603597 5050 144.607 132489 845838 6908
2 36.412 54276 217116 1763.6 59.425 71165 333324 2727.1 69.843 77953 415094 3164.7 81.908 90995 454879 3719.6 81.519 91191 455203 3840 99.613 109457 592499 5044.6 144.227 132530 851040 6907.9
3 36.285 54214 215763 1764.5 59.348 71347 329429 2733.9 69.569 78177 413057 3143.3 80.311 90780 445141 3688.2 80.897 91216 449017 3830.3 99.064 109274 589958 4997.6 142.771 132431 840153 6920.6
4 36.243 54198 215823 1761.8 59.195 71251 327764 2739.1 69.887 78177 414454 3120.9 78.322 90316 439442 3664.5 79.765 91014 445546 3826.9 97.748 109074 582984 4995.3 142.689 132449 849281 6941.6
5 35.864 54063 217833 1762.7 59.126 70993 331324 2741 69.757 78261 411433 3102.4 77.329 89974 438177 3665.9 78.87 90831 439778 3817.3 97.171 108965 576916 5001.2 141.754 132395 851524 6947.6
6 35.822 53982 216412 1768.6 58.935 70905 332651 2735.5 70.573 78407 413244 3110.8 76.833 89676 443706 3648.8 77.601 90448 437464 3801.4 96.693 108759 573114 4946.3 140.33 132182 6982.7
7 35.316 53845 215038 1757.7 59.08 70969 333006 2749.5 70.792 78434 411802 3114.7 77.734 89964 446904 3657.1 79.274 90474 444447 3810.3 95.929 108500 576506 4945.2 131767
8 34.642 53577 214392 1745.7 58.974 70789 332852 2756.1 70.465 78517 410860 3125.5 78.885 90046 456317 3668.1 78.72 90337 444802 3811.9 95.046 108330 573173 4950.4
9 34.684 53534 208995 1760.4 58.568 70857 332274 2755.3 70.219 78478 406875 3109.8 79.453 90334 465847 3720.9 77.977 90031 445304 3830.9 95.379 108145 584467 4960.8
10 34.642 53380 210197 1760.3 57.396 70416 328817 2732.4 70.511 78498 403428 3103.6 80.735 90550 466157 3749.3 77.38 89965 447596 3835.5 96.12 108107 589261 4958.2
11 34.852 53510 213518 1768.3 57.049 70296 323298 2729 69.999 78569 396520 3108.1 81.135 90774 467308 3772.2 77.121 89703 441250 3812.8 97.244 108200 586622 4986.7
12 35.569 53462 213113 1774.2 58.359 70666 333558 2733.7 67.991 78238 392277 3080.1 80.436 91003 470153 3774.3 76.488 89380 439549 3797 97.321 108131 594279 4971.1
13 36.117 53677 215618 1783.9 58.808 70718 336826 2762.4 65.164 77565 380778 3063.1 80.821 91095 468215 3761 76.084 89177 435519 3795.8 97.445 108215 591775 4971.5
14 36.622 53916 219597 1799.6 58.696 70657 338707 2762.2 63.47 77145 379822 3045.8 81.187 91206 463378 3766.4 75.526 88995 436360 3786.1 98.375 108223 594306 4981.3
15 37.044 54027 217915 1804.1 58.632 70746 340112 2771.8 62.453 76742 377367 3027.1 80.644 91219 463637 3751.1 74.9 88787 431869 3781 98.28 108209 594906 4958.9
16 37.381 54222 222896 1812.1 58.961 70936 341962 2779.5 61.343 76419 366032 3024.9 81.32 91142 460358 3759.2 74.701 88649 433045 3781.9 98.143 108115 592980 4969.6
17 37.339 54285 224417 1816.6 59.26 71129 343632 2789.8 61.911 76298 369699 3022.3 81.83 91285 459143 3781.5 74.086 88675 431855 3794.6 97.51 108121 585431 4993.9
18 38.055 54376 226539 1836.4 59.509 71163 348351 2788.2 61.718 76459 369614 3038.4 82.554 91410 460199 3825 75.666 88826 440096 3792.9 97.613 108084 596771 4991.6 1.027492 1 1.009627 1.011326
Average
IP Emp Trade Income IP Emp Trade Income IP Emp Trade Income IP Emp Trade Income IP Emp Trade Income IP Emp Trade Income IP Emp Trade Income IP Emp Trade Income
-18 0.891568 0.940403 0.959859 0.952986 0.961919 0.942159 0.896858 0.942287 0.881138 0.916222 0.979358 0.959307 0.976293 0.956579 0.991715 0.99255 1.021076 0.98081 1.005469 0.975261 0.99878 0.974267 Sep-99 0.968308 0.975545 0.96564 0.937273 0.954138 0.960466 0.967841 0.954007
-17 0.917816 0.948384 0.95839 0.956079 0.971098 0.94824 0.899748 0.946167 0.884983 0.908109 0.981788 0.962471 0.989025 0.961323 0.992478 0.994158 1.011471 0.977203 0.997522 0.977549 0.987865 0.975213 Oct-99 0.975819 0.97896 0.971395 0.943718 0.957957 0.964135 0.968888 0.954018
-16 0.918953 0.951532 0.961064 0.959115 0.954542 0.9515 0.8984 0.946077 0.879487 0.922806 0.98665 0.963683 0.986767 0.965348 0.992175 0.99546 0.98844 0.972444 1.006889 0.979318 0.981984 0.977912 Nov-99 0.978564 0.980694 0.984832 0.947933 0.960689 0.965864 0.958244 0.958002
-15 0.93266 0.959256 0.942481 0.947757 0.964711 0.961168 0.967902 0.955823 0.910644 0.949841 0.90057 0.932447 0.991645 0.967684 0.995571 0.970306 0.97283 0.993108 0.967279 0.964235 1.009357 0.981132 0.99094 0.976434 Dec-99 0.984971 0.982745 0.99456 0.952509 0.963641 0.968698 0.960791 0.957834
-14 0.950917 0.962185 0.955801 0.952811 0.966626 0.964514 0.98101 0.957288 0.920635 0.952231 0.916057 0.936659 0.997325 0.972666 0.999885 0.973585 0.948737 0.988032 0.954896 0.958039 1.003012 0.982052 0.986522 0.972257 Jan-00 0.99022 0.985029 1.002471 0.956159 0.964542 0.97028 0.965695 0.95844
-13 0.964623 0.96795 0.967794 0.961102 0.979121 0.968057 0.989469 0.961244 0.933851 0.957524 0.928702 0.949952 1.001014 0.976083 1.005237 0.979715 0.936708 0.984291 0.952147 0.958405 1.001239 0.982964 0.98348 0.974858 Feb-00 0.9952 0.986348 0.99086 0.957883 0.969426 0.972811 0.971138 0.964213
-12 0.985183 0.972508 0.979483 0.967973 0.982224 0.972359 0.980292 0.964651 0.945024 0.962073 0.946468 0.95744 0.996287 0.977945 0.994241 0.980941 0.9307 0.981031 0.964161 0.953935 0.991338 0.98383 0.973393 0.976139 Mar-00 1.001704 0.990856 1.003231 0.961909 0.971793 0.974958 0.973006 0.966846
-11 1 0.977816 0.99279 0.975639 0.988166 0.97392 0.980316 0.964944 0.954002 0.966621 0.959091 0.963805 1.003799 0.980778 0.989542 0.984886 0.941614 0.984181 0.97111 0.956105 0.995367 0.984878 0.998102 0.977124 Apr-00 1.008821 0.99268 1.001682 0.969469 0.980491 0.978032 0.981825 0.970417
-10 1.001165 0.980781 0.995978 0.978989 0.994487 0.977716 0.981843 0.968497 0.954752 0.969692 0.971307 0.962027 1.006584 0.985639 1.018178 0.989338 0.955556 0.985078 0.991565 0.95898 0.993342 0.986063 0.991109 0.975883 May-00 1.015457 0.994384 1.00654 0.972887 0.984314 0.980828 0.991663 0.972286
-9 0.977192 0.982227 0.989108 0.977172 1.002278 0.981217 0.985454 0.973003 0.967954 0.975268 0.972825 0.967456 0.997154 0.984944 0.990709 0.981395 0.962437 0.988229 1.012273 0.972784 0.98879 0.987084 0.981541 0.977735 Jun-00 1.020064 0.994836 1.008546 0.976928 0.982634 0.983161 0.988651 0.974924
-8 0.944064 0.974119 0.968052 0.971948 0.998597 0.983424 0.989715 0.976336 0.96769 0.97821 0.96894 0.968236 1.008672 0.988449 1.012641 0.982594 0.977966 0.990592 1.012947 0.980209 0.992708 0.989645 0.990319 0.982582 Jul-00 1.017988 0.994309 1.006421 0.978434 0.981616 0.984073 0.990436 0.976984
-7 0.942926 0.974796 0.965873 0.971834 0.994817 0.986686 0.989033 0.979816 0.971234 0.980458 0.964931 0.969141 1.008917 0.991469 1.002303 0.985446 0.982811 0.993042 1.015448 0.986196 0.997462 0.990748 0.993593 0.984375 Aug-00 1.025264 0.993841 1.009627 0.982041 0.983028 0.9862 0.98853 0.979468
-6 0.936073 0.973679 0.966643 0.973197 1.004539 0.991157 0.988467 0.98315 0.975347 0.983079 0.961839 0.975787 1.0016 0.992174 1.001034 0.986033 0.974344 0.995548 1.02163 0.986745 0.992829 0.993063 0.985831 0.986129 Sep-00 1.027492 0.995417 1.006531 0.983735 0.980789 0.988117 0.987574 0.98184
-5 0.941788 0.979408 0.965498 0.979955 1.009837 0.993547 0.988745 0.988315 0.98281 0.985931 0.959919 0.9795 0.997557 0.993718 1.002773 0.987792 0.979008 0.996554 1.017419 0.983268 0.997955 0.995953 1.000479 0.991015 Oct-00 1.025333 0.996163 1.005354 0.988616 0.984826 0.990852 0.989139 0.984974
-4 1 0.989128 0.995847 0.990687 1.012165 0.995389 0.999472 0.994798 0.98891 0.986188 0.973001 0.983868 0.99829 0.993607 0.997112 0.987285 0.983441 0.997768 1.006908 0.98468 1.00277 0.997758 1.006309 0.99135 Nov-00 1.022202 0.997173 1.001256 0.992903 0.997596 0.993306 0.996441 0.988778
-3 1.026275 0.991782 1.008836 0.995798 1.011933 0.995867 1.004296 0.99663 0.988341 0.989529 0.952894 0.980374 1.002443 0.995933 0.994133 0.992643 0.976864 0.997911 1.007471 0.98068 0.996727 0.998104 0.994712 0.996197 Dec-00 1.015953 0.997836 1.00805 0.996886 1.00043 0.994854 0.993724 0.990387
-2 1.017147 0.995973 1.002382 0.996195 1.012231 0.998116 1.015913 0.998791 0.995928 0.991405 0.959471 0.987176 0.997472 0.997101 0.994509 0.996668 0.985052 0.997068 1.000346 0.982797 1.000665 1.000757 1.002795 0.994187 Jan-01 1.007076 0.998296 1.003256 0.994076 1.001416 0.996737 0.995903 0.992636
-1 1.007991 0.993649 0.993492 0.996763 1.00269 0.997385 1.001847 0.998864 0.999639 0.995747 0.984082 0.996661 0.995371 0.998766 0.991605 1.000213 0.99123 0.998633 0.997705 0.988627 1.000463 1.001477 1.005387 0.995843 Feb-01 1.003145 0.999555 1.003642 0.996003 0.999564 0.997609 0.995686 0.996162
0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Mar-01 1 1 1 1 1 1 1 1
1 0.998862 0.995021 0.981408 1.002328 0.981481 0.998468 0.987396 0.998425 0.984213 1.002043 0.986616 0.997909 1.00077 1.00162 0.990594 0.996322 0.995518 0.999015 0.995995 1.00502 1.001944 0.998505 1.010059 0.995035 Apr-01 0.997379 0.998756 0.992552 1.000507 0.993798 0.999112 0.992011 0.999173
2 0.986321 0.993447 0.983333 1.001476 0.980837 1.000534 0.988274 0.998974 0.970594 1.001542 0.987506 0.987457 1.000464 1.002932 0.968038 0.99147 0.987463 0.997604 0.989144 1.003922 1.003314 0.997721 0.991487 0.993971 May-01 0.994758 0.999065 0.998656 1.000492 0.988165 0.998963 0.98463 0.996212
3 0.982881 0.992312 0.977205 1.001988 0.979566 1.003093 0.976726 1.001465 0.966787 1.00442 0.98266 0.980779 0.980958 1.000562 0.947314 0.983101 0.979928 0.997878 0.975702 1.001386 0.997784 0.996053 0.987235 0.98471 Jun-01 0.984716 0.998319 0.985881 1.002332 0.981317 0.999053 0.974474 0.992238
4 0.981743 0.99202 0.977477 1.000454 0.977041 1.001743 0.971789 1.00337 0.971206 1.00442 0.985983 0.97379 0.956663 0.995448 0.935186 0.976783 0.966216 0.995668 0.968159 1.000497 0.984529 0.99423 0.975565 0.984257 Jul-01 0.98415 0.998455 0.996592 1.005373 0.9729 0.997255 0.969027 0.989859
5 0.971477 0.989549 0.98658 1.000965 0.975902 0.998116 0.982344 1.004066 0.969399 1.005499 0.978796 0.968018 0.944534 0.991679 0.932494 0.977156 0.955375 0.993666 0.955626 0.997987 0.978718 0.993237 0.965411 0.985419 Aug-01 0.977701 0.998048 0.999224 1.006242 0.965901 0.995291 0.966875 0.988935
6 0.970339 0.988066 0.980145 1.004316 0.972749 0.996879 0.986278 1.002051 0.980739 1.007375 0.983104 0.970639 0.938476 0.988394 0.94426 0.972598 0.940003 0.989476 0.950597 0.99383 0.973903 0.991359 0.959049 0.974602 Sep-01 0.96788 0.996442 1.011326 0.962702 0.993591 0.967239 0.986339
7 0.956632 0.985558 0.973922 0.998126 0.975143 0.997779 0.987331 1.00718 0.983782 1.007722 0.979674 0.971856 0.949481 0.991568 0.951066 0.974811 0.960268 0.98976 0.965771 0.996157 0.966208 0.988998 0.964725 0.974385 Oct-01 0.993313 0.965253 0.993564 0.970415 0.987086
8 0.938375 0.980653 0.970996 0.991312 0.973393 0.995248 0.986874 1.009597 0.979238 1.008788 0.977433 0.975225 0.96354 0.992472 0.971098 0.977743 0.953558 0.988262 0.966543 0.996575 0.957314 0.987448 0.959147 0.97541 Nov-01 0.960903 0.992145 0.972015 0.987644
9 0.939513 0.979866 0.946552 0.999659 0.966692 0.996204 0.985161 1.009304 0.97582 1.008287 0.967953 0.970327 0.970478 0.995646 0.991379 0.991817 0.944558 0.984914 0.967634 1.001542 0.960668 0.985762 0.978047 0.977459 Dec-01 0.959621 0.99178 0.972787 0.991685
10 0.938375 0.977047 0.951996 0.999602 0.947348 0.990004 0.974911 1.000916 0.979877 1.008544 0.959752 0.968392 0.986137 0.998027 0.992039 0.999387 0.937326 0.984192 0.972614 1.002745 0.968132 0.985416 0.986069 0.976947 Jan-02 0.959532 0.990538 0.972897 0.991332
11 0.944064 0.979427 0.967037 1.004145 0.94162 0.988317 0.958548 0.99967 0.972762 1.009456 0.943318 0.969796 0.991022 1.000496 0.994488 1.005491 0.934189 0.981326 0.958824 0.99681 0.979453 0.986263 0.981653 0.982562 Feb-02 0.960518 0.990881 0.967311 0.993079
12 0.963486 0.978548 0.965203 1.007496 0.963242 0.993519 0.988968 1.001392 0.944857 1.005203 0.933224 0.96106 0.982484 1.00302 1.000543 1.006051 0.926521 0.977792 0.955128 0.99268 0.980228 0.985634 0.994466 0.979488 Mar-02 0.960137 0.99062 0.972922 0.991361
13 0.97833 0.982483 0.976548 1.013004 0.970653 0.99425 0.998657 1.011905 0.905571 0.996557 0.905868 0.955755 0.987187 1.004034 0.996418 1.002506 0.921627 0.975572 0.946371 0.992366 0.981477 0.9864 0.990276 0.979567 Apr-02 0.957474 0.989883 0.969023 0.992517
14 0.992009 0.986858 0.99457 1.021919 0.968805 0.993392 1.004234 1.011832 0.88203 0.991161 0.903594 0.950357 0.991658 1.005257 0.986125 1.003945 0.914868 0.973581 0.948198 0.98983 0.990844 0.986473 0.994511 0.981498 May-02 0.956702 0.989454 0.971872 0.99323
15 1.00344 0.98889 0.986952 1.024475 0.967748 0.994643 1.0084 1.015349 0.867897 0.985983 0.897753 0.944522 0.985025 1.005401 0.986676 0.999867 0.907285 0.971305 0.93844 0.988497 0.989888 0.986345 0.995515 0.977085 Jun-02 0.953547 0.988761 0.968956 0.991632
16 1.012569 0.992459 1.009511 1.029018 0.973179 0.997315 1.013885 1.018169 0.852472 0.981833 0.870787 0.943836 0.993282 1.004552 0.979698 1.002026 0.904874 0.969795 0.940995 0.988732 0.988508 0.985489 0.992292 0.979193 Jul-02 0.954147 0.988574 0.967861 0.993496
17 1.011431 0.993612 1.0164 1.031573 0.978114 1.000028 1.018836 1.021942 0.860365 0.980278 0.879511 0.943025 0.999511 1.006128 0.977112 1.00797 0.897425 0.97008 0.938409 0.992052 0.982132 0.985543 0.97966 0.983981 Aug-02 0.95483 0.989278 0.968321 0.996757
18 1.030826 0.995278 1.02601 1.042817 0.982224 1.000506 1.032827 1.021356 0.857683 0.982347 0.879309 0.948048 1.008355 1.007506 0.979359 1.019565 0.916564 0.971732 0.956317 0.991608 0.983169 0.985206 0.998636 0.983528 Sep-02 0.963137 0.990429 0.978743 1.001154