Okuzeka
Economics vocabulary · Economic News and Data

Seasonally adjusted

Meaning in economics, with examples

adjectiveAdvanced term

In economics, seasonally adjusted means: Changed by statistical methods to remove regular seasonal effects, such as holiday shopping or summer tourism, so that the underlying trend is easier to see.

In Turkish: mevsimsellikten arındırılmış, mevsim etkilerinden arındırılmış

How it is used

Appears in almost every data release on jobs, output and sales: the seasonally adjusted unemployment rate, seasonally adjusted figures. Unadjusted numbers can mislead; unemployment, for example, often rises in winter for purely seasonal reasons. Shortened to SA.

Example sentences

  1. The seasonally adjusted unemployment rate was unchanged at 8.5%.

  2. On a seasonally adjusted basis, industrial production rose 1.1% from the previous month.

Common collocations

  • seasonally adjusted figures
  • on a seasonally adjusted basis
  • seasonally adjusted rate
  • not seasonally adjusted
  • year-on-yearCompared with the same period one year earlier, for example sales in March this year compared with sales in March last year.
  • unemploymentThe situation of people who have no job but are available for work and actively looking for one; also the number or share of such people.
  • GDPShort for gross domestic product: the total value of all final goods and services produced within a country in a given period, usually a quarter or a year.
  • forecastAn estimate of future economic figures, such as growth, inflation or unemployment, based on data and models; it is also used as a verb.

More terms: Economic News and Data

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