INTRODUCTION AND BACKGROUND – Session 5 United Nations Statistics Division/DESA Revision of the Index of Industrial Production (IIP) publication by the UNSD

2Background Why revise the IIP publication?Why revise the IIP publication? The most recent UN publication on the IIP was published in 1950;The most recent UN publication on the IIP was published in 1950; Methods and approaches have changed over time (e.g. fixed weight to chain approaches, etc); andMethods and approaches have changed over time (e.g. fixed weight to chain approaches, etc); and Various related standards and international recommendations have been updated over time (e.g. IRIS, SNA, PPI, classifications). These need to be reflected in updated IIP text.Various related standards and international recommendations have been updated over time (e.g. IRIS, SNA, PPI, classifications). These need to be reflected in updated IIP text. The revision of the IIP has been carried out at the request of the United Nations Statistical Commission.The revision of the IIP has been carried out at the request of the United Nations Statistical Commission.

3 Objectives of revised IIP publication Outline practical and suitable measurement methods and document issues and benefits from recent theoretical and practical work in the area. It is intended for compilers and users of indices of industrial production. It helps compilers to produce index numbers in comparable ways so they can serve as reliable international comparisons of economic performance and behavior using the best international practices. This publication also assists countries that plan to set up a more comprehensive systems of volume measures by providing not only the methodological foundations for the index number compilation, but also by giving practical guidance on individual steps and elements of the compilation process. It is recognized that due to practical constraints, some of the recommendations in this publication may not be immediately attainable by all statistical offices and, therefore, should serve as guideposts for agencies as they revise and improve their IIP programs.

4 Process and timetable for revision Discussion of topics/issues at UN expert group meeting in 2005 & 2007Discussion of topics/issues at UN expert group meeting in 2005 & 2007 UN IIP country practices questionnaire to all countries – Sept 07UN IIP country practices questionnaire to all countries – Sept 07 Initial draft and input from countries/organisations – Jan 08Initial draft and input from countries/organisations – Jan 08 1 st draft by the UNSD – April 081 st draft by the UNSD – April 08 Review of 1 st draft by experts (STESWP, UN expert group) – end July 08Review of 1 st draft by experts (STESWP, UN expert group) – end July 08 Revised draft for expert comment – Sept 08Revised draft for expert comment – Sept 08 Worldwide consultation – Oct/Nov 08Worldwide consultation – Oct/Nov 08 Submit to UN Statistical Commission – Mar 09Submit to UN Statistical Commission – Mar 09

5 Suggested process for review in this meeting Issues will be presented by chapter and recommendation utilising written feedback.Issues will be presented by chapter and recommendation utilising written feedback. All recommendations will be presented.All recommendations will be presented. We seek participants comments on each issue/recommendation and then to endorse the recommendation.We seek participants comments on each issue/recommendation and then to endorse the recommendation. Participants are encouraged to raise any additional topics that have not been discussed.Participants are encouraged to raise any additional topics that have not been discussed.