Presentation is loading. Please wait.

Presentation is loading. Please wait.

Hans Wouters ESTAT, unit C.2

Similar presentations


Presentation on theme: "Hans Wouters ESTAT, unit C.2"— Presentation transcript:

1 Hans Wouters ESTAT, unit C.2
Task Force on GDP Flash estimates at t+30 days GDP t+30 Eurostat results, future data work 4th Meeting of the TF, Den Haag January, 2015 Hans Wouters ESTAT, unit C.2 TF GDP T+30, Jan. '15

2 Content Background Work done since last TF meeting Future work
TF GDP T+30, Jan. '15

3 1. Background Purpose: assess feasibility of producing GDP flash estimates at t+30 days for EA and EU Decision of NAWG meeting on May 2013 Start of work June 2013, finalisation by end-2015/early 2016 Participation: 17 MS, CH, ECB, CE (+ ESTAT staff) Organised and chaired by ESTAT 2 meetings per year Support of a contractor – Cambridge Econometrics TF GDP T+30, Jan. '15

4 2. Work done since last TF meeting
Decision to restrict transmission of t+30 country data to Eurostat Two estimation rounds (2014Q2, 2014Q3) Development questionnaire estimation techniques (WG estimation techniques) Update document on quality criteria (WG quality criteria) TF GDP T+30, Jan. '15

5 3. Future work (1) Nr What When Who 1
Test calculations – ‘real time’ provision of national data every quarter from 2014Q1 onwards End-Jan 2015, end-Apr 2015, etc. Most TF Members 2 Production of EU and EA GDP test flash estimates, every quarter from 2014Q1 onwards Begin-Feb 2015, begin-May 2015, etc. ESTAT, CE 3 Test calculations – provision of national back data 2012Q1-2013Q4 February 2015 Most TF members 4 Final document on estimation techniques April 2015 WG/IT TF GDP T+30, Jan. '15

6 3. Future work (2) Nr What When Who 5
Provisional document on quality criteria April 2015 WG/UK 6 Provisional document communication strategy June 2015 WG/ESTAT 7 Test estimates for EA/EU, back data 2012Q1 – 2013Q4 Spring 2015 – Summer 2015 ESTAT, CE? 8 Update of growth rate triangles for revision analyses – , TF Members, ESTAT TF GDP T+30, Jan. '15

7 3. Future work (3) Nr What When Who 9
Revision analysis on the test estimates – , Spring 2015 – Autumn 2015 ESTAT, WG quality 10 Calculation of data indicators and other analyses for Quality criteria (e.g unbiasness of t+30?) Summer 2015 – Autumn 2015 11 Final document on quality criteria Nov 2015 WG/UK 12 Final document on communication strategy WG/ESTAT 13 Note regarding advice TF to DMES regarding introduction GDP t+30 estimations in 2016 ESTAT TF GDP T+30, Jan. '15

8 Hans Wouters ESTAT, unit C.2
Task Force on GDP Flash estimates at t+30 days GDP t+30 Eurostat results, future data work 4th Meeting of the TF, Den Haag January, 2015 Hans Wouters ESTAT, unit C.2 TF GDP T+30, Jan. '15


Download ppt "Hans Wouters ESTAT, unit C.2"

Similar presentations


Ads by Google