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Task Force on GDP Flash estimates at t+30 days
Communication strategy TF meeting June '15, Rome
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0. Content Background Content of paper
Why introduce GDP t+30 estimates? What to communicate? When, how, to whom to communicate? Provisional time line Issues for discussion TF GDP t+30, item 9
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1. Background Need for good communication already recognised in 1st TF meeting Communication working group established in 2nd TF meeting Members: IT, HU, ECB, ESTAT Work started after January 2015 TF meeting Draft paper available for June 2015 TF meeting TF GDP t+30, item 9
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2. Content of communication strategy paper
Discussion of three 'W-questions' Why introduce GDP t+30 estimates What messages to communicate When, to whom and how to communicate Questions are mutually related TF GDP t+30, item 9
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3a. Why introduce GDP t+30 estimates?
User needs European Commission and ECB Policy decision making Monitoring the economic situation Forecasting purposes Other users European Council, European Parliament National policy makers Economic journalists, news agencies Public at large TF GDP t+30, item 9
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3b. Why introduce GDP t+30 estimates?
(User needs) Logical development in official statistics Logical next step following introduction of GDP flash at t+45 days Fits in days timeframe of PEEI indicators TF GDP t+30, item 9
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4a. What to communicate? Messages of general interest
Core message: ESTAT will introduce timelier GDP estimate for EA and EU Substance of GDP t+30 flash news release 2016Q1 first quarter, release calendar Non-publication of country data Trade-off between timeliness and accuracy TF GDP t+30, item 9
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4b. What to communicate? (Messages of general interest)
Information for professional users Background info on estimation techniques (for national estimates) Background info on methodology (for EA and EU estimates) Results of test estimations Quality criteria for assessment of test estimates TF GDP t+30, item 9
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5a. When, how, to whom to communicate?
When and to whom? Until 12/2015: communication within statistical user community Regular reports to NAWG, DMES Other Eurostat, OECD, ECB bodies and meetings Between 1/2016 and 4/2016: also communication outside statistical user community Eurostat press contacts, main users (ECB, DG-ECFIN) 2 May 2016: introduction GDP t+30 estimate with press conference TF GDP t+30, item 9
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5b. When, how, to whom to communicate?
Written information, available on website Meetings, supported by PPP Webinars, supported by PPP Press conference on 2 May Depending on timing and audience TF GDP t+30, item 9
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6. Provisional time line Nr What When 1 Discussion in June TF meeting
2 Note sent to NAWG 1st week July 3 Final discussion in October TF meeting Mid-October 4 Final version communication document ready End-October 5 Discussion in NAWG 17-18 November 6 Discussion in DMES 8-9 December 7 Decision on introduction Mid-December First release/press conference 2 May 2016 TF GDP t+30, item 9
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7a. Issues for discussion
(2.1) Any suggestions for extension section 'other users'? (2.2) Section 'developments in official statistics – relevant and clear enough? (3.1C) Quality of country data good enough to be used for EA-EU GDP estimation? (3.1D) Precise release dates and transmission deadlines TF GDP t+30, item 9
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7b. Issues for discussion
(3.1C/E) Names of contributing countries to be mentioned in news release? (3.2D) Comparison EA/EU estimates with US data justified? (4) Any suggestions for communication to other meetings/institutions/bodies? TF GDP t+30, item 9
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Task Force on GDP Flash estimates at t+30 days
Communication strategy TF meeting June '15, Rome
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