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Improving Timeliness for Short-Term Economic Statistics

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  • Richard McKenzie

Abstract

Effective business cycle analysis, and indeed the monitoring of a country’s economic performance from a policy perspective, requires access to timely high quality short-term economic statistics (STES). Consequently in recent years there has been a lot of pressure on national statistics organisations (NSOs) to better serve their users by improving the timeliness of release for their short-term economic indicators. In response to this demand, NSOs have focused on improving the efficiency and methodology of their statistical production processes. So this begs the question: where would one look to find comprehensive documentation on good practices used by NSOs to improve the timeliness of their short-term economic statistics? The answer is the STES Timeliness Framework, a structured collection of documentation on a range of good practices currently used by NSOs for improving timeliness, reducing costs or improving accuracy for short-term economic statistics. This resource is freely available in the form of an intuitive, user friendly website developed by the OECD Short-Term Economic Statistics Expert Group at www.oecd.org/std/research/timeliness. This paper outlines the principles behind the development of this framework, explains its structure and reviews its current usage by statisticians. L’analyse conjoncturelle ainsi que l’évaluation de la performance économique d’un pays d’un point de vue politique, demande l’accès aux statistiques à court teme qui sont à la fois à jour et de bonne qualité. En conséquence, ces dernières années, il y a eu beaucoup de pression sur les organisations nationales de statistiques (ONS), afin de mieux satisfaire les utilisateurs, en diminuant les délais de diffusion pour leurs indicateurs économiques à court terme. En réponse à cette demande, les ONS se sont appliquées à améliorer l’efficacité et la méthodologie de leur procédés de production statistique. Une question se pose donc : Où chercher une documentation compréhensible sur les bonnes pratiques utilisées par les ONS afin d’améliorer les délais des statistiques économiques à court terme ? La réponse est STES Timeliness Framework, une collection structurée de documentation sur une gamme de bonnes pratiques utilisées couramment par les ONS afin d’améliorer leurs délais, de réduire les coûts et d’augmenter la précision des statistiques économiques à court terme. Cette ressource est librement accessible sous la forme d’un site adapté à l’usitilisateur et agréable, développé par le OECD Short-Term Economic Statistics Expert Group : www.oecd.org/std/research/timeliness. Ce document décrit les principes qui sont derrière le développement de ce cadre, explique sa structure et examine son utilisation courante par les statisticiens.

Suggested Citation

  • Richard McKenzie, 2005. "Improving Timeliness for Short-Term Economic Statistics," OECD Statistics Working Papers 2005/5, OECD Publishing.
  • Handle: RePEc:oec:stdaaa:2005/5-en
    DOI: 10.1787/427820416328
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