25-27 June Working Party STES - OECD Paris Infra-annual statistics on capital expenditure and company profits (Questionnaire results) Michela GAMBA and Eun-Pyo HONG OECD/STD/STES

25-27 June Working Party STES - OECD Paris Overview 33 agencies replied 27 OECD MCs (including both FSO and National Bank of Germany) 5 Non-member countries: Brazil, Chile, China and Slovenia; 3 MCs did not reply: France, Ireland, and Iceland

25-27 June Working Party STES - OECD Paris Q1: Agencies that currently conduct surveys to collect infra-annual quantitative statistics and metadata Private new capital expenditure 45% (15 of 33) of agencies currently conduct surveys; 18 agencies do not conduct any surveys. Company profits 39% (13 of 33) of agencies currently conduct survey, while 20 agencies do not conduct any surveys; no comments were provided by Canada.

25-27 June Working Party STES - OECD Paris Q2: Agencies currently using administrative sources to obtain infra- annual statistics and metadata Private new capital expenditure 24% (8 of 33) of agencies currently use administrative sources: while 25 agencies do not. Company profits Only Canada and Chile use administrative sources; 30 agencies do not use administrative source; and no comments from Netherlands.

25-27 June Working Party STES - OECD Paris Q3: Agencies conducting surveys over the next two years to obtain infra-annual statistics and metadata No agencies except possibly Canada who may conduct surveys on private new capital expenditure - In Canada, a project was underway but stopped due to human resources shortage. - One of the major issues with this project is the availability of complete infra-annual information on capital-type projects, quarterly or monthly, to ensure complete coverage of the universe.

25-27 June Working Party STES - OECD Paris Q4: Brief information Private new capital expenditure - Source title: 16 agencies - Frequency: M (8), Q (12) and 2 to 3 times a year (2) - Sector coverage: whole economy (5), specific sectors (10) - National definition: 12 agencies Company profits - Source title: 10 agencies - Frequency: M (1), Q (9) and 2 times a year (1) - Sector coverage: whole economy (3), specific sectors (7) - National definition: 7 agencies

25-27 June Working Party STES - OECD Paris Q5: Other infra-annual statistics used as inputs to Gross Fixed Capital Formation or Gross Operating Surplus for NAs Private new capital expenditure - Source title: 8 agencies - Frequency: M (8), Q (2) and 2 to 3 times a year (1) - Sector: whole economy (5), specific sectors (3) - National definitions: 5 agencies Company profits - Source title: 3 agencies - Frequency: Q (1) and 2 times a year (3) - Sector: whole economy (1), specific sectors (2) - National definitions: 2 agencies

25-27 June Working Party STES - OECD Paris Q6: welcome inclusion of an item in the agenda for the June 2007 STESWP meeting -14 agencies welcomed: KOR, FIN, GRC, NOR, NZL, SLV, JPN, BEL, CAN, NDL, CHN, ITA, UK, AUS - 9 agencies do not welcome: HUN, SLO, POL, AUT, DEU (NSA), TUR, MEX, USA, LUX - 10 agencies provided no comment: CHE, CZE, DEN, DEU (Bundersbank), PRT, SWE, BRA, CHL, RUS, ESP

25-27 June Working Party STES - OECD Paris As a result of the replies:  approximately 40% of agencies currently collect infra-annual quantitative statistics on new capital expenditure or company profits, and one agency may introduce a new such survey within two years  27% (9 of 33) agencies did not welcome the inclusion of this task in the agenda for the 2007 STESWP meeting to identify and discuss benefits and possibilities of further STESWP work in these areas to harmonise national practices.

25-27 June Working Party STES - OECD Paris  56% (5 of 9) of the agencies which did not welcome or 60% (6 of 10) of agencies that provided no comment on the inclusion of this item in the STESWP agenda currently collect some information on these topics which would therefore facilitate sharing of information and practices in this field;  29% (4 of 14) of the agencies which supported this work do not currently collect any information;  4 agencies without special surveys and administrative sources collect some related information for capital expenditure; and  countries which do not conduct surveys or use administrative sources to obtain such data use partially related data provided by other sources (generally other government department) or calculate them as a residual in NAs.

25-27 June Working Party STES - OECD Paris Consequently, although results do not provide overwhelming support for future STESWP work on this topic, some additional observations lend support to the idea

25-27 June Working Party STES - OECD Paris Thank you.