Survey of Employment, Payrolls and Hours (SEPH)
Activity index of economy, index
Activity index refers to experimental measures based on combinations of monthly time series. The indexes represent a first investigation into model based methods for producing measures of aggregate economic activity in the provinces and territories. The indexes are correlated with annual real GDP in the provinces and territories, but exhibit greater volatility and greater cyclicality.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.
The data for this variable are reported using the following measurements:
- Decimal number