Hans Wouters ESTAT, unit C.2 Task Force on GDP Flash estimates at t+30 days Developments since first meeting Hans Wouters ESTAT, unit C.2 Item 1 TF GDP t+30 2-3 June '14

Content Work done until December '13 Work done since December '13 Future work Conclusions NAWG meeting 23 May Item 1 TF GDP t+30 2-3 June '14

1. Work done until December '13 (1) Decision on scope and coverage test estimates Scope: growth rates of seasonally and calendar adjusted quarterly GDP volumes Period covered: 2012Q1-2013Q4 (back data) and 2014Q1 onwards (real time data) Sharing experiences in TF meetings – country practises in DE, NL, UK Development and completion of template inventory of national sources at t+30 Item 1 TF GDP t+30 2-3 June '14

1. Work done until December '13 (2) Technical support to TF members by Cambridge Econometrics Creation of horizontal working groups on Estimation techniques - first output available Quality criteria Communication strategy (still to be established) Item 1 TF GDP t+30 2-3 June '14

2. Work done since December '13 Development and completion of templates for reporting revisions Development of template for reporting national t+30 estimates Creation of electronic platform with secured country folders Provisional draft of document on estimation techniques Item 1 TF GDP t+30 2-3 June '14

3. Future work (1) Nr What When Who 1 Test calculations – ‘real time’ provision of national data every quarter from 2014Q1 onwards End-April 2014, end-July 2014, etc. (Almost) all TF Members 2 Production of EU and EA GDP test flash estimates, every quarter from 2014Q1 onwards ESTAT, CE 3 Provisional document estimation techniques June 2014 WG/IT 4 First proposals document quality criteria WG/UK 5 Establishing WG on communication strategy WG/?? Item 1 TF GDP t+30 2-3 June '14

3. Future work (2) Nr What When Who 6 Final document on estimation techniques December 2014 WG/IT 7 Final document on quality criteria WG/UK 8 Provisional document communication strategy WG/?? 9 Test calculations – provision of national back data 2012Q1- 2013Q4 (Almost) all TF members 10 Final document on communication strategy June 2015 Item 1 TF GDP t+30 2-3 June '14

4. Conclusions NAWG 23 May 2014 The NAWG appreciated the work done by the TF The NAWG emphasized the importance of developing (and applying) a set of quality criteria The NAWG requested that national t+30 estimations should only be available for Eurostat Item 1 TF GDP t+30 2-3 June '14

Hans Wouters ESTAT, unit C.2 Task Force on GDP Flash estimates at t+30 days Progress report First estimates Hans Wouters ESTAT, unit C.2 Item 1 TF GDP t+30 2-3 June '14