Presentation is loading. Please wait.

Presentation is loading. Please wait.

Mr. Candido J. Astrologo, Jr. OIC-Director

Published byAlexandra Williamson Modified over 6 years ago

Similar presentations

Presentation on theme: "Mr. Candido J. Astrologo, Jr. OIC-Director"— Presentation transcript:

1 Mr. Candido J. Astrologo, Jr. OIC-Director
Initiatives of the Philippine Statistical System in the Compilation and Dissemination of Flash Indicators to Monitor the Country’s Economic Performance by Mr. Candido J. Astrologo, Jr. OIC-Director National Statistical Information Center National Statistical Coordination Board Republic of the Philippines International Seminar on Timeliness, Methodology and Comparability of Rapid Estimates of Economic Trends May 2009, Ottawa, Canada

2 Outline of Presentation
Introduction Initiatives on flash indicators Data frameworks The NSCB Task Force on Flash Indicators Compilation and Dissemination Sytems Issues and Concerns The Way Forward

3 The Philippine Statistical System
Introduction The Philippine Statistical System government-wide system of providing statistical information and services to the public A decentralized statistical system composed of: a policy-making body data producers data users a research and training institution data providers

4 and Research Institutions Data Suppliers/ Respondents
Introduction The Philippine Statistical System Framework of Coordination Legislative Office Executive Office Training, Education and Research Institutions Policy-making/ Coordinating Agency Data Users Data Producers Data Suppliers/ Respondents

5 The Philippine Statistical System Major Statistical Agencies
Introduction The Philippine Statistical System Major Statistical Agencies National Statistical Coordination Board National Statistics Office Bureau of Labor and Employment Statistics Statistical Research and Training Center Bangko Sentral ng Pilipinas Bureau of Agricultural Statistics produces general-purpose statistics Produces establishment- based labor and employment statistics produces agricultural statistics conducts short-term courses in statistics and researches to enhance methodologies, concepts, etc. Policy-making and coordinating body produces money and banking statistics

6 The National Statistical Coordination Board
Introduction The National Statistical Coordination Board Executive Order 121 – January 30, 1987 Reorganizing the Philippine Statistical System and for Other Purposes Created the NSCB as the highest policy-making and coordinating body on statistical matters in the country

7 Regional Economic Situationer: Rapid Appraisal of the Regional Economy
II. Initiatives on Flash Indicators – A. Data Frameworks Regional Economic Situationer: Rapid Appraisal of the Regional Economy Leading Economic Indicators System National Summary Data Page Expectations Survey Task Force on Flash Indicators to Address the Global Financial Crisis

8 II. Initiatives on Flash Indicators – A. Data Frameworks
II.A.1 Regional Economic Situationer Provides up-to-date information as basis for quick remedial actions and policy interventions Hard Indicators CPI and Inflation Rate Electrical porduction/consumption Vehicle registration Rice sufficiency Tourist arrivals Retrenchment and Workers Displaced Number of Shipcalls Passengers: Air and Sea Rapid Appraisal of the Regional Economy personal interview of key informants to obtain a general perception or "gut feel" of the regional economic performance

9 II.A.2. Leading Economic Indicator System
II. Initiatives on Flash Indicators – A. Data Frameworks II.A.2. Leading Economic Indicator System Serves as a basis for short-term forecasting of the macroeconomic activity in the country Involves a study of the behavior of indicators that consistently move upward or downward before the actual expansion or contraction of overall economic activity Provides advance information on the direction of the country’s economic activity/performance in the short run

10 II.A.2. Leading Economic Indicator System (cont)
II. Initiatives on Flash Indicators – A. Data Frameworks II.A.2. Leading Economic Indicator System (cont) Compiled by the NSCB to generate the Composite LEI Contains 11 indicators: consumer price index electric energy consumption exchange rate hotel occupancy rate money supply number of new business incorporations stock price index terms of trade index total merchandise imports tourist arrivals, and wholesale price index

11 II.A.3. National Summary Data Page
II. Initiatives on Flash Indicators – A. Data Frameworks II.A.3. National Summary Data Page Contains data described in IMF’s DSBB and SDDS Compilation of time series data shows trends of various economic indicators II.A.4. Expectations Survey (Business and Consumer) Business 1,242 entrepreneurs from the Top 7,000 corporations basis for forecasting short-term business cycles Consumer 5,448 households (nationwide) short-term outlook of households and turning points in their spending patterns

12 Calls for action on the part of the Philippine Statistical System
II. Initiatives on Flash Indicators – B. Task Force 5. Task Force on Flash Indicators to Address the Global Financial Crisis (TFFI) Background SouthEast Asia slowdown of growth worsening of macroeconomic balances huge inflationary pressures Philippines crisis will last longer and “should plan for 2009 to 2010 and leave something for 2011” Slowdown in overseas remittances growth Drop in exports and capital flows Exchange rate volatility Drop in equity prices Rise in risk premium Calls for action on the part of the Philippine Statistical System

13 II. Initiatives on Flash Indicators – B. Task Force
Creating a Task Force on Flash Indicators to Address the Global Financial Crisis (TFFI) (NSCB Memo Order No ) Functions Identify and generate “flash” indicators for key economic variables on a daily, weekly or monthly basis generated by government offices Recommend a dissemination system to ensure that the indicators are made available to the public Monitor the generation of the indicators in terms of availability and timeliness Recommend statistical policies to the NSCB Executive Board for the institutionalization of the compilation of the “flash” indicators

14 II. Initiatives on Flash Indicators – B. Task Force
Creating a Task Force on Flash Indicators to Address the Global Financial Crisis (TFFI) (NSCB Memo Order No ) Composition Chair : Director, National Planning and Policy Staff, NEDA Co-Chair : Director, Economic Statistics Office, NSCB Members: Bangko Sentral ng Pilipinas Dep’t of Finance Dep’t of Budget and Management Dep’t of Labor and Employment Dep’t of Trade and Industry Export Development Council National Statistics Office Securities and Exchange Commission Secretariat: NSCB Technical Staff

15 Flash Indicators NSDP LEIS Others
II. Initiatives on Flash Indicators – B. Task Force Data Framework Flash Indicators - Available on a monthly basis - Has time lag of not more than 3 months - Available series since Jan 2007 NSDP LEIS Others

16 Identified Flash Indicators
II. Initiatives on Flash Indicators – B. Task Force Identified Flash Indicators Prices Inflation Rate Headline, Core NCR, AONCR Food, Non-Food Price Indices WPI, PPI Prices: Oil, Basic Commodities Production Volume of Production Index, Value of Production Index, Capacity Utilization Cement Employment Affected workers Displaced: permanent separations, temporary layoffs flexible work arrangements OFWs: Displaced, Deployed Sales Electrical Consumption Cars

17 National Government Cash Operations
II. Initiatives on Flash Indicators – B. Task Force Identified Flash Indicators External Sector Exports: Agri, Electronic Imports: Raw materials, capital goods Balance of Payments Overall BOP, Current Acct, Capital and Financial Accounts, Net Direct Investments, Export of Services, Book to Bill Ratio OFW remittances Gross International Reserves International Investment Position National Government Cash Operations Revenues: Tax, Non-tax Expenditures Balance Surplus/ Deficit Money and Banking Lending rate 91-day Treasury Bills Fixed-rate Treasury Bonds BSP Rate: Rediscount, Policy: Lending, Borrowing Phisix Index Peso-Dollar Rate Loans: Outstanding Loans: Real Estate, Manufacturing; Non-performing, commercial Credit card transactions Tourism Hotel occupancy Tourist arrivals Tourist receipts

18 Identified Flash Indicators
II. Initiatives on Flash Indicators – B. Task Force Identified Flash Indicators Metadata Definition Unit description Data source Revision policy Schedule of release Remarks References NSCB Resolutions – Official Concepts and Definitions for Statistical Purposes International Organizations

19 NSCB Technical Staff NSCB TS
II. Initiatives on Flash Indicators – C. Compilation and Dissemination Data template Agency 1 Data template Agency 2 Data template Agency n Compilation Use of data template Updates ed to NSCB Updates stored in database Dissemination When: Upon schedule of release of data from source agency Where: NSCB website; links from agency websites NSCB Technical Staff Update webpage NSCB TS Website Agency 1 Website Agency 2 Website Agency n

20 Website on Philippine Flash Indicators
II. Initiatives on Flash Indicators – C. Compilation and Dissemination Website on Philippine Flash Indicators Contents Time Series Tables and Charts Calendar of Release Metadata StatWatch Guide for analysis RSS feeds Press Releases Chart Table Metadata

21 Long time lag of monthly indicators
III. Issues and Concerns Unavailability of higher frequency indicators: unemployment, compensation, revenues, bankruptcies/closures, investments Long time lag of monthly indicators Distinct indicators Need for composite? Turning points? Clearance for release

22 IV. Way Forward Institutionalization framework and systems; early warning indicator system Policies and interventions: improvement of time lag, generation of more higher-frequency indicators

23 URL: http://www.nscb.gov.ph e-mail: info@nscb.gov.ph
Thank you! URL:

Download ppt "Mr. Candido J. Astrologo, Jr. OIC-Director"

Similar presentations

Implementation of 2008 SNA AEG Meeting on National Accounts May 28-31, 2013 Luxembourg.

Implementation of 2008 SNA AEG Meeting on National Accounts May 28-31, 2013 Luxembourg.
Republic of the Philippines NATIONAL STATISTICAL COORDINATION BOARD 1 International Workshop From Data to Accounts: Measuring Production in National Accounting.

Republic of the Philippines NATIONAL STATISTICAL COORDINATION BOARD 1 International Workshop From Data to Accounts: Measuring Production in National Accounting.
ECONOMIC STATISTICS AND NATIONAL ACCOUNT IN ETHIOPIA By Sehin Merawi Central Statistical Agency of Ethiopia.

ECONOMIC STATISTICS AND NATIONAL ACCOUNT IN ETHIOPIA By Sehin Merawi Central Statistical Agency of Ethiopia.
National Income and Price

National Income and Price
Economic Indicators. Concepts  Variables that provide information about the state of the economy.  Every economic indicator has a story to tell.  Need.

Economic Indicators. Concepts  Variables that provide information about the state of the economy.  Every economic indicator has a story to tell.  Need.
McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Macroeconomic and Industry Analysis CHAPTER 12.

McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Macroeconomic and Industry Analysis CHAPTER 12.
Caribbean Financial Statistics Project. Background and Rationale The process of integration within the region is increasingly deepening;  financial integration.

Caribbean Financial Statistics Project. Background and Rationale The process of integration within the region is increasingly deepening;  financial integration.
NATIONAL STATISTICAL COORDINATION BOARD International Workshop on Measuring GDP by Final Demand Approach MRSRomaraog/25-27 April 2011 Exports and Imports.

NATIONAL STATISTICAL COORDINATION BOARD International Workshop on Measuring GDP by Final Demand Approach MRSRomaraog/25-27 April 2011 Exports and Imports.
Macroeconomic and Industry Analysis From the various sources.

Macroeconomic and Industry Analysis From the various sources.
Chapter 4 Global Economies 1 Section 4.2 Understanding the Economy Marketing Essentials.

Chapter 4 Global Economies 1 Section 4.2 Understanding the Economy Marketing Essentials.
Economic Stability: Turkey’s Anchors and Beyond April 24, 2008 İbrahim H. ÇANAKCI Undersecretary of Treasury.

Economic Stability: Turkey’s Anchors and Beyond April 24, 2008 İbrahim H. ÇANAKCI Undersecretary of Treasury.
1 NATIONAL STATISTICAL COORDINATION BOARD International Workshop on Energy Statistics, Beijing, China, 24-26 September 2012 Vivian R. Ilarina, Philippines.

1 NATIONAL STATISTICAL COORDINATION BOARD International Workshop on Energy Statistics, Beijing, China, September 2012 Vivian R. Ilarina, Philippines.
Fundamental Analysis Approach to Fundamental Analysis: –Domestic and global economic analysis –Industry analysis –Company analysis Why use the top-down.

Fundamental Analysis Approach to Fundamental Analysis: –Domestic and global economic analysis –Industry analysis –Company analysis Why use the top-down.
CHAPTER 17 Investments Macroeconomic and Industry Analysis Slides by Richard D. Johnson Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights.

CHAPTER 17 Investments Macroeconomic and Industry Analysis Slides by Richard D. Johnson Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights.
Development of a Framework on Statistics and Indicators on ICT and Electronic Commerce in the Philippine Statistical System by Francisco K. Mallion.

Development of a Framework on Statistics and Indicators on ICT and Electronic Commerce in the Philippine Statistical System by Francisco K. Mallion.
1 The availability, timeliness and quality of rapid estimates UNCTAD experience Henri Laurencin INTERNATIONAL SEMINAR ON TIMELINESS, METHODOLOGY AND COMPARABILITY.

1 The availability, timeliness and quality of rapid estimates UNCTAD experience Henri Laurencin INTERNATIONAL SEMINAR ON TIMELINESS, METHODOLOGY AND COMPARABILITY.
Management and Coordination of the Philippine Statistical System ROMEO S. RECIDE Director Bureau of Agricultural Statistics Bureau of Agricultural Statistics.

Management and Coordination of the Philippine Statistical System ROMEO S. RECIDE Director Bureau of Agricultural Statistics Bureau of Agricultural Statistics.
General Directorate of Annual Programs and Conjunctural Evaluations1 15 February 2010 Turkish Economy: Macroeconomic Developments in 2009 and Medium Term.

General Directorate of Annual Programs and Conjunctural Evaluations1 15 February 2010 Turkish Economy: Macroeconomic Developments in 2009 and Medium Term.
Decoding the Script. Page 2  Line 1: Manager of the SOMA – Senior official from NY Fed; reports on domestic and foreign exchange markets; always at FOMC.

Decoding the Script. Page 2  Line 1: Manager of the SOMA – Senior official from NY Fed; reports on domestic and foreign exchange markets; always at FOMC.
NATIONAL STATISTICAL COORDINATION BOARD Inter-regional Workshop on the Production of Gender Statistics 6 August 2007, New Delhi, India USER-PRODUCER GROUP.

NATIONAL STATISTICAL COORDINATION BOARD Inter-regional Workshop on the Production of Gender Statistics 6 August 2007, New Delhi, India USER-PRODUCER GROUP.

Similar presentations

Ads by Google