Annual transactions computed as nonresidential consumption of fixed capital of nondepository institutions (unpublished BEA data); multiplied by the ratio of nonresidential fixed assets of GSEs at historical cost ( FOF series FL405013105) over nonresidential fixed assets of nondepository institutions at historical cost (unpublished BEA data); multiplied by the ratio of depository institutions consumption of fixed capital, nonresidential structures (unpublished BEA data) over depository institutions consumption of fixed capital, nonresidential (unpublished BEA data). Annual transactions are converted to seasonally adjusted quarterly transactions by calculating the ratio of the series above to financial corporations consumption of fixed capital ( NIPA table 1.14 Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in Current and Chained Dollars, line 2, Gross value added of corporate business, Consumption of fixed capital less line 18, Gross value added of nonfinancial corporate business, Consumption of fixed capital (annual)); multiplied by financial corporations consumption of fixed capital, defined above (quarterly). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 09/13/2013