Long abstract

Compilation manual for an index of service production

The OECD Compilation Manual for Index of Services Production contains guidelines and methodologies to measure short-term production activities of  the services sector by national agencies and international organisations. The Manual  fills a gap in existing international statistical standards for guidelines and recommendations on the compilation of output indicators for the services sector of OECD Member countries.

This Manual provides both conceptual and practical recommendations for the compilation of a production index to measure short-term economic activity in the services sector, an index of services production (ISP). An ISP would provide economic analysts with information that would complement an index of industrial production (IIP) on the short-term movements of an economy, and national accountants with relevant and timely information on the performance of the services sector that could be used to compile quarterly national accounts.

The Manual presents a standard set of statistical units, classifications, and terminologies for variables relevant for  the  services sector developed by the OECD Short-term Economic Statistics Working Party.  The Manual also contains a list of recommended variables and deflators,  along with their sources for all services activities for Tabulation categories G through P of ISIC Revision 3. A set of preferred, alternative and other methods are presented in 27 tables for 4-digit ISIC level of each 2-digit ISIC group.