erformanceNovember 1992 October 1993
=================================================================Economic PeriodPerformance Measure Nov92 Jan93 Feb93 Apr93 May93 Jul93 Aug93 Nov93
Gross Domestic + 1.4% + 2.8% + 2.5% + 5.0%Product
Industrial 3.4% +12.8% 12.5% +11.1%
Production
Unemployment 11.3% 11.0% 11.1% 10.9%
Consumer Prices + 1.9% + 3.8% + 1.5% + 1.5%
Wages/Earnings 0.4% + 1.0% +13.6% 0.5%
[sources: "Economic and Financial Indicators," 6 February
1993, p. 111; 3 April 1993, p. 103; 1 May 1993, p. 113; 7 August 1993, p. 91; 30 October 1993, p. 119.]
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As of 7 December 1993, the Melbourne All Ordinary share index stood at 2073.9, which was 97.3 percent of the 1993 year to date high for the index, and which was 38.7 percent above the 1993 year to date low for the index (Economic, 1993, p. 116). The index level as of 7 December 1993 was 89.1 percent of the
record high for the index. Index performance over the December 1992 December 1993 period was as follows:
1. The index posted a gain of 3.2 percent over the most recent week reported.
2. The index posted a gain of 33.8 percent since 31 December 1992 when measured in local currency units, and a gain of 29.8 percent when measured in US$.
3. The index posted a gain of 41.2 percent over th...