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The OECD Short-term Economic Statistics Working Party (STESWP) meeting was held at the OECD headquarters at 2 rue André Pascal, Paris 75016, from Monday 25 June to Wednesday 27 June 2007
DRAFT AGENDA
Monday, 25 June
09.30 – 09.40 Welcome address (Enrico Giovannini – OECD Statistician)
Adoption of the Agenda
1. Recent developments and future evolution of short-term economic statistics at OECD
09.40 – 10.00 Summary of issues/activities emerging since the 2006 STESWP meeting.
ppt presentation (Denis Ward, OECD)
These comprise activities arising out of the June 2006 STESWP meeting and a number of other activities / initiatives:
• publication of Data and Metadata Reporting and Presentation Handbook and the Compilation Manual for an Index of Services Production;
• further implementation of corporate database (OECD.stat) and metadata (MetaStore) tools for short-term economic statistics (STES), in particular the development of new short-term economic indicator portals;
• development of standardized OECD annual and quarterly unit labour cost and related indicators;
• relevant issues arising from the June 2007 meeting of the OECD Committee on Statistics (CSTAT) in Geneva
• future evolution in the collection and dissemination of STES at OECD – key changes
Discussion
10.00 – 10.45
2. Task force on the use of administrative data for short-term economic statistics
This agenda item will present the final work of the task force on the development of the dynamic web-based framework on recommended administrative data practices.
• Presentation on the final development version of the OECD Administrative Data Web-based Framework ppt presentation (David Brackfield, OECD)
Papers
Administrative data framework
Discussion of task force's work on the dynamic web-based framework and possible future revisions of the framework.
Country comments
10.45 – 11.05 Coffee break
11.05 – 12.30
3. OECD / Eurostat taskforce on performing revisions analysis for sub-annual economic statistics
This agenda item will present the work of the OECD / Eurostat task force established following the June 2006 STESWP meeting to develop a set of guidelines on best practice for performing and using the results of revisions analyses and its relation to revisions policy. The intention is also to provide a set of standard tools as a resource to both producers and users of official statistics to enable such analysis to be performed.
Papers
Terms of reference for the OECD/Eurostat taskforce on performing revisions analysis for sub-annual economic statistics
Country comments
• Terms of reference for the task-force and views expressed by STESWP representatives in their national papers on this topic. ppt presentation (Richard McKenzie, OECD)
Discussion of purpose of task-force, recommendations and Working Party views on completion of Task Force activity
12.30 – 14.00 Lunch break
14.00 – 16.00
3. OECD / Eurostat taskforce on performing revisions analysis for sub-annual economic statistics (cont.)
Presentations and discussion on task-force work to date:
• Draft nomenclature of statistics related to the revisions process / revision analysis and the purpose to which they could serve ppt presentation (Robin Youll, UK ONS)
• Impact and timing of revisions for seasonally adjusted series relative to those for the corresponding raw series ppt presentation (Richard McKenzie, OECD)
• Differences in revisions for seasonally adjusted, working data adjusted and raw series ppt presentation(Anna Ciammola, ISTAT, Italy)
• Draft nomenclature of a hierarchical classification of reasons for revisions and example in the UK of an additive decomposition of revision due to different reasons ppt presentation (Robin Youll, UK ONS)
• Processes and policy for revising monthly production statistics (monthly GDP) at Statistics Canada
ppt presentation (Michel Girard, Statistics Canada)
Paper
Revising the Canadian monthly GDP statistics
• Revisions and the importance of metadata ppt presentation (Andreas Lorenz, Bundesbank, Germany)
16.00 – 16.20 Coffee break
16.20 – 17.30
4. Recent developments / innovations in the presentation and dissemination of short-term economic indicators
This agenda item will cover recent developments / innovations in the presentation and scope of short-term indicators, their dissemination / improved availability, and the development of analytical tools / text aimed at broadening the user community.
The discussion will also cover issues related to national policy on the analysis of short-term economic statistics (in publications, websites, press releases, etc.). Issues covered include how national agencies give additional value-added to the mere presentation of data in tables and graphs, user expectations / needs in this area.
• Overview and introduction ppt presentation (Denis Ward, OECD)
• Personal Price-Index Calculator ppt presentation (Karsten Sandhop, Statistisches Bundesamt, Germany)
• New data and metadata interfaces for OECD Main Economic Indicators Analytical Databases (Richard McKenzie, OECD)
• Joint OECD – ECB Adobe Flex data dissemination facility (Denis Ward, OECD)
• Development of new platform for the presentation of OECD Main Economic Indicator statistics. ppt presentation (Michela Gamba and Eun-Pyo Hong, OECD)
Discussion of recent developments, their application by other national agencies, and possible future STESWP work in this area.
17.30 – 18.00
5. Release of the OECD Data and Metadata Reporting and Presentation Handbook. Where to from here?
The OECD will present proposals for follow-up work following the publication in late 2006 of the Data and Metadata Reporting and Presentation Handbook
Papers
Release of the OECD Data and Metadata Reporting and Presentation Handbook. Where to from here?
Country comments
• Brief overview of Handbook and possible new topics for incorporation into web version of the Handbook.
• OECD proposals for review of national implementation of Handbook recommendations with respect to short-term economic statistics.
ppt presentation (Denis Ward, OECD)
Discussion of OECD proposals and recommendations for future work
18.00 Cocktail at OECD – entrance hall of La Muette Chateau
Tuesday, 26 June
09.30 – 10.15
6. Release of the OECD Compilation Manual for an Index of Services Production
Following the publication of the Manual after its endorsement by CSTAT by written procedure in late 2006, the focus of discussion by the Working Party will be on OECD and national work on ISP implementation.
• Introduction and background ppt presentation (Eun-Pyo Hong, OECD)
• Experimental Index of Services Production - Rail and Road Freight Transportation
ppt presentation (Francisco Ardavin, INEGI, Mexico)
Discussion of presentations and on the possibility of ISP implementation by other national agencies
10.15 – 11.00
7. Implementation of revised classifications / backcasting
Report from the Statistical Office of the European Communities - Eurostat on their task force progress on the implementation of revised classifications and backcasting. The 2007 STESWP meeting will discuss the need to establish a new STESWP task force to develop more detailed recommendations (if necessary) on time series linking
• Brief background to topic and previous STESWP discussions. Outline of issues associated with re-weighting and linking for past base years in a new classification ppt presentation (Richard McKenzie, OECD)
• Report from Eurostat on progress of their task-force ppt presentation (Eurostat)
Discussion on progress to date and on what further standards and guidelines need to be developed with regard to time series linking, etc.
11.00 – 11.20 Coffee break
11.20– 12.30
8. Development of guidelines on seasonal adjustment practices.
This agenda item will report on progress of a number of Eurostat initiatives in the development of guidelines, etc., on seasonal adjustment, namely:
• development of the Handbook on Seasonal Adjustment (commissioned by Eurostat) by the Hungarian Central Statistical Office;
• deliberations / outcomes of an internal Eurostat working party to standardise seasonal adjustment practices / platforms within Eurostat;
• work of the joint Eurostat / European Central Bank task force on seasonal adjustment of quarterly national accounts;
• preparation of the Eurostat Guidelines on Seasonal Adjustment disseminated for comment at the December 2006 meeting of the Euroindicators Working Group.
Papers
Development of guidelines on seasonal adjustment practices
Country comments
The following presentations will be given:
• Brief background and overview of previous STESWP work on seasonal adjustment. ppt presentation (David Brackfield, OECD)
• Brief overview of new Statistics Canada Seasonal adjustment / benchmarking / linking tool. ppt presentation (Michel Girard, Statistics Canada)
• The structure and key recommendations of the Handbook on Seasonal Adjustment. ppt presentation (Tamás Kotulics, Hungarian CSO)
• The structure and key recommendations in the Eurostat Guidelines on Seasonal Adjustment. ppt presentation (Cristina Calizzani, Eurostat)
• Current status of various Eurostat initiatives and proposed future work. ppt presentation (Rosa Ruggeri Cannata, Eurostat)
Discussion on recommended practices and avenues of possible future STESWP work on this topic
12.30 – 14.00 Lunch break
14.00 – 16.00
9. Short-term economic statistics in large emerging and other non-member economies (NMEs), their comparability and implications on user needs arising from globalisation
This agenda item will include national presentations on the latest developments in the evolution of short-term economic statistics in emerging large non-member economies of Brazil, China and the Russian Federation. The ensuing discussion will focus on issues of their comparability with similar indicators compiled by OECD Member countries, and implications on user needs arising from globalisation. Countries could also report on any technical co-operation projects with those countries.
• Introduction and outcomes of May 2007 Council Meeting at Ministerial level (MCM) in relation to OECD enlargement, enhanced engagement, future statistical co-operation with NMEs, and recent OECD initiatives on globalization.
ppt presentation (Denis Ward OECD)
• Brief overview of current OECD data collection from NMEs and proposals for future data collection.
ppt presentation (David Brackfield, OECD)
• Brazil - IBGE's Short-term Economic Statistics. ppt presentation (Rebeca Palis, IBGE, Brazil)
• Reform of statistical programs and methodology of China. ppt presentation (Liu Aihua, NBS, China)
• Short-term economic statistics in the Russian Federation. ppt presentation (Igor Uliyanov, ROSSTAT, Russian Federation)
• Chile: Short-term economic indicators ppt presentation (Maria Eugenia Oliden, INE, Chile)
Discussion on the evolution of short-term economic statistics in large emerging and other non-member economies, their comparability with existing international standards and indicators produced by member countries and implications for indicators on globalisation.
Working Party views on future STESWP work with large and other NMEs.
16.00 – 16.20 Coffee break
16.20 – 17.20
10. Infra-annual statistics on capital expenditure and company profits
This agenda item will include Secretariat proposals for STESWP consideration of possible new work on infra-annual statistics on capital expenditure and company profits. The results from the questionnaire of Member countries and NMEs will be presented together with national presentations on current and future use of these indicators.
Papers
Infra-annual statistics on capital expenditure and company profits. Questionnaire results and possible future work in this area?
Country comments
• Results of questionnaire on current national surveys on capital expenditure and company profits.
ppt presentation (Michela Gamba and Eun-Pyo Hong, OECD)
• Infra-annual statistics on investments in Belgium. ppt presentation (Pierre Crevits, National Bank of Belgium)
• Quarterly investments statistics ppt presentation (Lasse Sandberg, Statistics Norway)
• Infra-annual statistics on capital expenditure and profits in Canada. ppt presentation (Michel Girard, Statistics Canada)
• Brief presentation of Secretariat proposals for future work. ppt presentation (Eun-Pyo Hong, OECD)
Discussion of questionnaire results, national presentations and proposals for possible future STESWP work in this area.
17.20 – 17.35
11. Short-term Economic Statistics (STES) Timeliness Framework
This agenda item will cover the on-going use and possible future revision of the STES Timeliness Framework created three years ago. ppt presentation (Richard McKenzie, OECD)
Wednesday, 27 June
09.30 – 10.30
12. Producer price indices for services (SPPIs)
This item will cover Secretariat proposals for follow-up work on Producer Price Indices for Services (SPPIs) following the publication of the joint OECD/Eurostat Methodological Guide for Developing Producer Price Indices for Services. Discussion will consider proposals for possible future work in this key area of short-term statistics. In particular, the Working Party will be asked to discuss the usefulness and feasibility of compiling aggregate service price indices which could contribute to the information set of short-term indicators related to inflation. The proposals will also ensure that any future work in this area is co-ordinated with the activities of other international organizations such as the Voorburg Group and Eurostat.
Papers
Use of aggregated services producer price indices (SPPI) in short-term economic statistics
Country comments
• OECD presentation and summary of feedback in national responses on issues raised.
ppt presentation (Richard McKenzie and Seppo Varjonen, OECD)
• Compilation and usage of aggregate SPPI in Japan ppt presentation (Ms. Kuniko Moriya, Bank of Japan)
Discussion of Secretariat proposals for possible future STESWP work in this area.
10.30 – 11.15
13. Development of United Nations guidelines and recommendations distributive trade statistics (both structural and short-term).
This agenda item will cover recent and future UN work on the development of international statistical guidelines and recommendations, touching on short-term economic statistics. The topic will also cover issues of future co-operation and co-ordination between the activities of STESWP and UN agencies.
In particular, STESWP members will be asked to comment on the draft revised recommendations relating to short-term statistics on distributive trade that will be discussed at a meeting of the UN expert group scheduled for mid-July 2007. The OECD has been invited to attend, as have a number of OECD Member countries. This meeting will also discuss future activities of the UN expert group, including outlines of Distributive Trade Statistics: Compilers Manual and Indices of Distributive Trade: A Handbook of Good Practices. The UN will post a draft of the revised recommendations on their website for world-wide consultation at the beginning of June 2007.
• Overview of recent UN work on the development of international statistical guidelines and recommendations, and implications for future co-operation / co-ordination with STESWP.
ppt presentation (Denis Ward, OECD)
• Draft recommendations relating to short-term statistics on distributive trade. ppt presentation (Eun-Pyo Hong, OECD)
STESWP discussion on draft UN guidelines on distributive trade and future co-operation, etc., with UN agencies in the development of statistical standards
11.15 – 11.35 Coffee break
11.35 – 12.30
14. Future STESWP work over next twelve months
Overview by OECD of future work arising out of discussion during current meeting ppt presentation
Discussion on other possible topics, identification of initial views on Working Party priorities
Where to from here.
Room documents
Development of import prices in Slovenia
Chile: short-term statistics
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