The quarterly national accounts (QNA) database

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Presentation transcript:

The quarterly national accounts (QNA) database Conclusion Member countries are reminded that the principle governing the transmission of data is: transmit data to OECD (and Eurostat) on the day of the release of the data at national level. Overall there has been significant progress in the implementation of this principle, there are still some problems with Czech Republic, Greece, Portugal and Slovak Republic. We note a significant movement towards the implementation of chain linking in QNA. Can countries confirm this? In particular, is Italy in a position to confirm the date of its move to chain linking? Do France and Spain confirm that they have no plan to move to chain linking? There seems to be two schools regarding the impact of trading day adjustments for annual data: (1) countries that have two annual figures, one gross, one trading day adjusted, thus not forcing their quarterly trading day adjusted data to the annual gross value (2) four countries that benchmark the sum of the four quarters to the annual gross value, thus forcing quarters to the annual value. Could delegates give their view on the advantage and disadvantage of each treatment? Has Eurostat developed a recommendation on this point?