OECD’s Main Economic Indicators
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1 OECD’s Main Economic Indicators 12 th OECD-NBS Workshop on the National Accounts Paris 27-31 October 2008
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OECD’s Main Economic Indicators. 12 th OECD-NBS Workshop on the National Accounts Paris 27-31 October 2008. Background. Flagship publication of short-term economic statistics 30 OECD Member countries and 6 non-member countries. Indicators presented by subject and country. - PowerPoint PPT Presentation
Transcript of OECD’s Main Economic Indicators
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OECD’s Main Economic Indicators
12th OECD-NBS Workshop on the National Accounts
Paris 27-31 October 2008
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Background
Flagship publication of short-term economic statistics
30 OECD Member countries and 6 non-member countries.
Indicators presented by subject and country.
Currently 100 Chinese and Indian series
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Chinese Data in MEI
Description Data Required / IssuesNational Accounts: Currrent Prices GDP Value added for: Agriculture (+forestry. fishing); Industry (+ energy, construction); Services
Data Required: Quarterly Constant Price GDP and current price GDP by expenditure
Issues: Data is available on-line but only on a cumulative basis
Production:
Industrial Index of Production
Quantities of:
Mining (Crude petroleum, coal)
Manufacturing (Crude steel, cement)
Energy (Electricity)
Construction (Buildings)
Issues:
Index of industrial production data is in Same Period Previous Year format.
Needs to be fixed base period for international comparability.
Construction index is cumulative. (MEI makes adjustments for monthly data).
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Chinese Data in MEI
Description Data Required / Issues
Sales: Retail Trade – Value
Data Required: Volume
Labour:
Civilian Employment – All Persons
Unemployment – Level, Rate (registered)
Labour Compensation – Average Earnings
Data Required:
Employment by activity (monthly), employees (monthly), unemployment (monthly), hours worked, job vacancies(Current civilian employment data is only annual). And unemployment rates only quarterly.
Average earnings data reflects only urban units.
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Chinese Data in MEI
Description Data Required / Issues
Prices: Producer Prices – Industry
Consumer Prices – All, Food, Services
Data Required: CPI - Energy and housing.
Issues:
Index data is in SPPY format.
Finance:
Monetary Aggregates – M1, M2
Interest Rates – Overnight, 3 month
Share Prices – Shanghai index
Exchange Rate – average, spot
External Finance – Reserve assets
Data Required:
10 year government bond if issued?
Broad money – M3 measure
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Chinese Data in MEI
Description Data Required / IssuesBalance of Payments: All major current account balances biannually
Data Required: Quarterly data
Issues:
Very large ‘Net Errors and Omissions’ value
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Going Forward
Goal: to publish Chinese data in the subject pages (internationally comparable data pages) of the MEI.
