Task Force on Seasonal Adjustment of Quarterly National Accounts Item 3.1 Recommendations 2002: Implementation and items for review in 2007 Henning Ahnert Luxembourg, 15 February 2007

History 2 January 2002: CMFB approves report of first Task Force June 2002: CMFB approves implementation plan June 2003, 2004 and 2006: 3 Progress Reports November 2006 (EFC/ Ecofin Report): Full implementation requested by 2007; update recommendations to fit with methodological changes to National Accounts

Implementation overview 3 Implementation overview Coverage of adjusted data improved (see CMFB June 2006) 13 countries now perform working-day adjustment Regression approach and other recommendations largely respected New EU Member States have joined CMFB process BUT: Gaps in s.a. and w.d.a data remain, not all recommendations accepted by all countries

Recommendations 2002 review 4 Recommendations 2002 review General Recommendations: six ( c + d affected ?) Trading-day and other pre-adjustment: nine ( h + i affected ?) Seasonal Adjustment: six ( c + d affected ?) Transmission + dissemination: six ( a, b, d + f affected?)

Task Force discussion The Task Force is invited to 5 Task Force discussion The Task Force is invited to comment and agree on selection of recommendations for review comment on progress 2002-2006