1. United Nations Economic Commission for Europe Statistical Division Leading, composite and sentiment indicators UNECE Statistical Division

2. - UNECE Statistical Division Slide 2 Conclusions of review The in-depth review paper concluded with the following (paper 10):  These indicators create a lot of debate  A considerable number of different indicators exists and new indicators emerge  Despite some level of harmonization in the EU, the area of work lacks standards  Official statistics are increasingly involved in the work relating to these indicators  NSO role is not clear

3. - UNECE Statistical Division Slide 3 Outcome of the in-depth review  The Bureau discussed the topic in January 2014  Possible next steps include (10/Add.1):  Organising a workshop or seminar on this topic or  Establishing a small international group to: (a) Define national statistical offices’ (NSO) role (and its boundaries) with regard to these indicators; and (b) Consider communication strategies for dealing with issues related to these indicators

4. - UNECE Statistical Division Slide 4 Respondents supported organising a workshop and/or setting up a small international group to:  Identify the NSO role with a criteria for NSO’s involvement  Draft a taxonomy of these indicators and methodologies  Consider communication strategies for NSOs  Address the lack of practical guidelines and harmonisation  Some would give priority to economic leading indicators, some to new indicators on social aspects  Collaborate with the academia Priorities for further work

5. - UNECE Statistical Division Slide 5 1.What should be the role of official statistics? For example, should NSOs be more active in the:  Production of these indicators?  Development of recommended methodologies?  Provision of data for these indicators?  Guidance for quality improvement of these indicators?  User guidance to avoid misuse of these indicators? 2.What would be the practical step to be taken internationally? The Conference is invited to discuss views on