1. Hans Wouters ESTAT, unit C.2
Task Force on GDP Flash estimates at t+30 days
Developments since first meeting
Hans Wouters ESTAT, unit C.2
Item 1 TF GDP t June '14

2. Content Work done until December '13 Work done since December '13
Future work
Conclusions NAWG meeting 23 May
Item 1 TF GDP t June '14

3. 1. Work done until December '13 (1)
Decision on scope and coverage 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)
Sharing experiences in TF meetings – country practises in DE, NL, UK
Development and completion of template inventory of national sources at t+30
Item 1 TF GDP t June '14

4. 1. Work done until December '13 (2)
Technical support to TF members by Cambridge Econometrics
Creation of horizontal working groups on
Estimation techniques - first output available
Quality criteria
Communication strategy (still to be established)
Item 1 TF GDP t June '14

5. 2. Work done since December '13
Development and completion of templates for reporting revisions
Development of template for reporting national t+30 estimates
Creation of electronic platform with secured country folders
Provisional draft of document on estimation techniques
Item 1 TF GDP t June '14

6. 3. Future work (1) Nr What When Who 1
Test calculations – ‘real time’ provision of national data every quarter from 2014Q1 onwards
End-April 2014, end-July 2014, etc.
(Almost) all TF Members 2
Production of EU and EA GDP test flash estimates, every quarter from 2014Q1 onwards
ESTAT, CE 3
Provisional document estimation techniques
June 2014
WG/IT 4
First proposals document quality criteria
WG/UK 5
Establishing WG on communication strategy
WG/??
Item 1 TF GDP t June '14

7. 3. Future work (2) Nr What When Who 6
Final document on estimation techniques
December 2014
WG/IT 7
Final document on quality criteria
WG/UK 8
Provisional document communication strategy
WG/?? 9
Test calculations – provision of national back data 2012Q Q4
(Almost) all TF members 10
Final document on communication strategy
June 2015
Item 1 TF GDP t June '14

8. 4. Conclusions NAWG 23 May 2014
The NAWG appreciated the work done by the TF
The NAWG emphasized the importance of developing (and applying) a set of quality criteria
The NAWG requested that national t+30 estimations should only be available for Eurostat
Item 1 TF GDP t June '14

9. Hans Wouters ESTAT, unit C.2
Task Force on GDP Flash estimates at t+30 days
Progress report
First estimates
Hans Wouters ESTAT, unit C.2
Item 1 TF GDP t June '14