GDP Flash estimates at t+30 days Conclusions June TF meeting Hans Wouters ESTAT, Unit C.2

Content Issues discussed in June TF meeting Decisions taken and (adjusted) time schedule Item 1 TF GDP t+30 Dec '13

1.Issues discussed in June '13 TF meeting (1) Current state of play t+30 estimates in MS Rather heterogeneous Questionnaire on inventory of national sources Development methods/estimation techniques Development assessment criteria Development of communication strategy Item 1 TF GDP t+30 Dec '13

1.Issues discussed in June '13 TF meeting (2) Production and assessment of 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) Role of contractor Support countries with estimations (voluntary) Support ESTAT with estimations Item 1 TF GDP t+30 Dec '13

2.Decisions taken and (adjusted) time schedule (1) What When Who Short description of current state of play GDP flash estimates End-June 2013 All TF Members Inventory of sources and methods – development of template End-July 2013 CH, ESTAT Inventory of sources and methods – completion of the questionnaire End-November 2013 Inventory of sources and methods – compilation of summary overview December '13 meeting Contractor Item 1 TF GDP t+30 Dec '13

2.Decisions taken and (adjusted) time schedule (2) What When Who Start of work of 3 horizontal working groups (1. Methods and estimation techniques, 2. Quality criteria, 3. Communication) December '13 meeting Lead group 1) IT, lead group 2) UK. Volunteering TF members Test calculations – ‘real time’ provision of national data every quarter from 2014Q1 onwards End-April 2014, end-July 2014, etc. All TF Members Test calculations – provision of available back data on 2012Q1- 2013Q4 End-December 2014 Production of EU and EA GDP test flash – back data and each quarter to come Eurostat, contractor Item 1 TF GDP t+30 Dec '13

GDP Flash estimates at t+30 days Conclusions June TF meeting Hans Wouters ESTAT, Unit C.2