1. 1 Results of Global Assessment on Availability, Periodicity, Timeliness and Dissemination of High Frequency Indicators International Seminar on Early Warning and Business Cycle Indicators 14 – 16 December 2009 Scheveningen, The Netherlands

2.  UNSD in response to the global economic and financial crises organized the Ottawa seminar  Ottawa seminar identified a data template with 12 categories  Global assessment to determine the availability, timeliness and dissemination of high frequency indicators Introduction

3. Overview of response Response Response rate Per cent of GDP Per cent of population World9143.183.472.0 Africa1324.143.629.2 Northern America250.099.9100.0 Latin America1434.178.475.5 Asia2956.990.681.1 Europe3068.268.662.7 Oceania317.697.673.5

4. Response by income group

5. Response by question

7.  Most indicators are compiled by more than 60% of respondents  Lower than 60 % responses by low and middle income countries to:  Turnover indicators (for industry and other services)  New orders for industry and construction  Real estate market indicators  Non-financial and household indicators  Sentiment indicators  Ottawa data template of core set of indicators by categories with regional and world totals is feasible Response by data category

8.  A three tier template was developed:  Tier 1 - includes indicators that are compiled infra annually by more than 60 per cent of counties.  Tier 2 - includes indicators that are compiled infra annually by between 30 to 60 per cent of high and middle income countries and is supplemented by strategically important indicators.  Tier 3 - includes indicators below a 30 per cent response rate that can be included in national templates. Three Tier Approach

9. Tier 1 Indicator description Compilation per centPeriodicity Set 1 National accounts 1.1Quarterly national accounts: Flash GDP estimate 58 Quarterly 1.2.1GDP full release by expenditure 63 Quarterly 1.2.2GDP full release by production 70 Quarterly Set 2 Production and turnover 2.1Production index for industry, by major division (mining, manufacturing, electricity, water, etc.) 79Monthly Set 3: Price Indicators 3.1Consumer price index 97 Monthly 3.2Producer price index 69 Monthly 3.3Import price index 63 Monthly 3.4Export price index 69 Monthly Set 4: Labour market indicators 4.1Unemployment 65 Quarterly 4.2Unemployment rate 64 Quarterly 4.3Employment total and by economic activity67Quarterly Set 5: External sector indicators 5.1Exports and imports (of goods and services)87Monthly 5.3Official reserve assets73Monthly 5.4External debt (by sector, maturity and foreign currency)66Quarterly

10. Tier 1 Indicator description Compilation per centPeriodicity Set 6: Financial sector indicators 6.1Central Bank net foreign assets71Monthly 6.2Central Bank domestic lending67Monthly 6.3Central Bank reserve money70Monthly 6.4Depository corporations net foreign assets70Monthly 6.5Depository corporations domestic lending71Monthly 6.6Depository corporations broad money liabilities70Monthly Set 7: General government sector indicators 7.1Revenue65Monthly 7.2Expense63Monthly 7.3Net operating balance (= Revenue – Expense)60Monthly Set 10: Financial market indicators 10.1Interest rates, as relevant short and long term money and bond market rates 66Monthly 10.2Exchange rates, as relevant spot and forward markets58Monthly 10.3Nominal and real effective exchange rate54Monthly 10.4Stock market indicators52Monthly

11. Tier 2 Indicator description Compilation per centPeriodicity Set 1 National accounts 1.2.3GDP full release by income 25 Quarterly Set 2 Production and turnover 2.2Production index for construction54Monthly 2.3Turnover index for retail trade by major division55Monthly 2.4Turnover index for industry by major division40Monthly 2.5Turnover index for other services by major division (excluding financial services and non-commercial services) 45Monthly 2.7New orders index for construction (building permits or housing starts) 36Monthly Set 4: Labour market indicators 4.4Hourly wage rate 38 Quarterly 4.5Hours of work 57 Quarterly Set 5: External sector indicators 5.2International investment position (IIP), specify balances and components 41Quarterly

12. Tier 2 Indicator description Compilation per centPeriodicity Set 6: Financial sector indicators 6.7Other financial corporations balance sheet, assets and liabilities by sector. 44Monthly 6.8Financial corporate profits35Quarterly 6.9Financial corporate debt34Monthly Set 7: General government sector indicators 7.4Net acquisition of non-financial assets47Quarterly 7.5Expenditure47Quarterly 7.6Net lending/net borrowing (= Revenue - Expenditure)52Quarterly 7.7Gross debt54Quarterly Set 8: Household sector indicators 8.1Household disposable income 25 Quarterly 8.2Household saving 22 Quarterly 8.3Household debt 18 Quarterly Set 11: Real estate market indicators 11.1Residential property price index32Quarterly Set 12: Economic sentiment 12.1Consumer confidence37Monthly 12.2Business confidence40Monthly

13. Tier 3 Indicator description Compilation per centPeriodicity Set 2 Production and turnover 2.6New orders index for industry by major ISIC division (for those that work on order) 27Monthly 2.8Commodity production (as relevant at country level data on commodity productions and other indicators of economic activity) 53Monthly Set 9: Non-financial corporations sector indicators 9.1Non-financial corporate profits25Quarterly 9.2Non-financial corporate debt22Quarterly Set 11: Real estate market indicators 11.2New house sales15Monthly 11.3Existing house sales 20 Monthly Set 12: Economic sentiment 12.3Composite Business Cycle Indicators 12.3.1Leading Indicator22Monthly 12.3.2Coincident Indicator15Monthly 12.3.3Lagging Indicator8Monthly

14. Thank you