RELEASE OF THE OECD DATA AND METADATA REPORTING AND PRESENTATION HANDBOOK. WHERE TO FROM HERE? Agenda item: 5 RELEASE OF THE OECD DATA AND METADATA REPORTING

Agenda item: 5

RELEASE OF THE OECD DATA AND METADATA RELEASE OF THE OECD DATA AND METADATA REPORTING AND PRESENTATION HANDBOOK. REPORTING AND PRESENTATION HANDBOOK.

WHERE TO FROM HERE?WHERE TO FROM HERE?

Agenda item: 5

RELEASE OF THE OECD DATA AND METADATA RELEASE OF THE OECD DATA AND METADATA REPORTING AND PRESENTATION HANDBOOK. REPORTING AND PRESENTATION HANDBOOK.

WHERE TO FROM HERE?WHERE TO FROM HERE?

OECD Short-term Economic Statistics Working Party (STESWP)OECD Short-term Economic Statistics Working Party (STESWP)Paris Paris

25-27 June 200725-27 June 2007

AIM OF SESSIONAIM OF SESSIONAIM OF SESSIONAIM OF SESSION

• Present options for consideration by STESWP on future Present options for consideration by STESWP on future work on data and metadata reporting and presentation work on data and metadata reporting and presentation following release of the OECD Presentation Handbookfollowing release of the OECD Presentation Handbook

These options were outlined in the paper disseminated These options were outlined in the paper disseminated to STESWP delegates in early May 2007to STESWP delegates in early May 2007

• Present summary of national responses / views Present summary of national responses / views providedprovided

• Discuss where to from here.Discuss where to from here.

RELEASE OF OECD RELEASE OF OECD PRESENTATION HANDBOOKPRESENTATION HANDBOOK

RELEASE OF OECD RELEASE OF OECD PRESENTATION HANDBOOKPRESENTATION HANDBOOK

• OECD Data and Metadata Reporting and OECD Data and Metadata Reporting and Presentation HandbookPresentation Handbook received extensive input received extensive input from STESWP over period 2003 - 2006from STESWP over period 2003 - 2006

• Received final endorsement from OECD Committee Received final endorsement from OECD Committee on Statistics (CSTAT) in late 2006on Statistics (CSTAT) in late 2006

• Electronic version available on Internet free of Electronic version available on Internet free of charge at charge at http://www.oecd.org/dataoecd/46/17/37671574.pdfhttp://www.oecd.org/dataoecd/46/17/37671574.pdf

• Paper version (in English and French) available Paper version (in English and French) available soonsoon

OECD PRESENTATION HANDBOOKOECD PRESENTATION HANDBOOK

The need for articulation of a The need for articulation of a comprehensivecomprehensive set of set of reporting and presentation standards in one reporting and presentation standards in one source driven by two broad imperatives. To:source driven by two broad imperatives. To:

• Improve data qualityImprove data quality

• Minimise reporting burden in provision of data Minimise reporting burden in provision of data and metadata to international organisationsand metadata to international organisations

IMPROVE DATA QUALITYIMPROVE DATA QUALITY

Data interpretability and coherence

• Are important dimensions of data quality Are important dimensions of data quality imbedded in all existing frameworks (IMF, imbedded in all existing frameworks (IMF, Eurostat, OECD, Canada, Sweden, etc)Eurostat, OECD, Canada, Sweden, etc)

• Facilitated through the provision of appropriate Facilitated through the provision of appropriate metadata. metadata.

MINIMISE REPORTING BURDENMINIMISE REPORTING BURDEN

• Data sharing has received a lot of attention in recent Data sharing has received a lot of attention in recent yearsyears

• Assisted through evolution of new technologies – in Assisted through evolution of new technologies – in particular, the Internet.particular, the Internet.

• Requires further development of both technical and Requires further development of both technical and data content exchange standards – data content exchange standards – SDMX has a SDMX has a key rolekey role

• Agreement on key data reporting and presentationAgreement on key data reporting and presentation practices is also vitalpractices is also vital

CONTENT OF OECD PRESENTATION CONTENT OF OECD PRESENTATION HANDBOOK (1)HANDBOOK (1)

Different types (e.g. absolute figures; indices; growth rates) and forms (e.g. original; seasonally adjusted; trend-cycle) of data

Different types (e.g. absolute figures; indices; growth rates) and forms (e.g. original; seasonally adjusted; trend-cycle) of data

Presentation and dissemination of metadataPresentation and dissemination of metadata

Key data presentation practicesKey data presentation practices

CONTENT OF OECD PRESENTATION CONTENT OF OECD PRESENTATION HANDBOOK (2)HANDBOOK (2)

• for revised data • for breaks in time series• for information about sampling and non-sampling errors• of base years in the presentation of indices• for data and metadata citation • for the reporting of administrative data

• for revised data • for breaks in time series• for information about sampling and non-sampling errors• of base years in the presentation of indices• for data and metadata citation • for the reporting of administrative data

Initial list in OECD Presentation Handbook – Obviously, there are other issues

Key presentation practices

GUIDELINES FOR REPORTING AND GUIDELINES FOR REPORTING AND DISSEMINATION OF METADATADISSEMINATION OF METADATA

Receive considerable attention in Handbook:Receive considerable attention in Handbook:

• Provision of adequate metadata still a problem despite Provision of adequate metadata still a problem despite efforts at national and international levels. efforts at national and international levels.

• Absence makes international comparisons difficultAbsence makes international comparisons difficult

• Numerous initiatives and forums have developed Numerous initiatives and forums have developed metadata standards over the years – ISO, DDI, Dublin metadata standards over the years – ISO, DDI, Dublin Core + work of METIS, etcCore + work of METIS, etc

• Still a need for further standards on where and how Still a need for further standards on where and how metadata should be presented – metadata should be presented – OECD Presentation OECD Presentation HandbookHandbook

GUIDELINES FOR REPORTING AND GUIDELINES FOR REPORTING AND DISSEMINATION OF METADATADISSEMINATION OF METADATA

Guidelines:Guidelines:

• Further emphasize need for metadataFurther emphasize need for metadata

• Access to metadata (free of charge, linkage to data, Access to metadata (free of charge, linkage to data, structuring, searchable, etc)structuring, searchable, etc)

• Adoption of a set of common metadata items –Adoption of a set of common metadata items – SDMX content standardsSDMX content standards

• Adoption of a common set of terminology for Adoption of a common set of terminology for metadata preparation –metadata preparation – SDMX content standardsSDMX content standards

FUTURE CHANGES TO HANDBOOKFUTURE CHANGES TO HANDBOOKFUTURE CHANGES TO HANDBOOKFUTURE CHANGES TO HANDBOOK

• Content will not remain static – Always envisaged Content will not remain static – Always envisaged that it will evolve over time to incorporate new that it will evolve over time to incorporate new issues, possibly from work of STESWPissues, possibly from work of STESWP

• Will be incorporated into Internet version of the Will be incorporated into Internet version of the Handbook.Handbook.

• Possible future topics include:Possible future topics include:

o Linking of time series – refer STESWP agenda item 7Linking of time series – refer STESWP agenda item 7

o Graphical presentation of statistics – refer STESWP agenda item 4Graphical presentation of statistics – refer STESWP agenda item 4

o Problems related to data confidentialityProblems related to data confidentiality

o Presentation of chained indices and chain linkingPresentation of chained indices and chain linking

• Content will not remain static – Always envisaged Content will not remain static – Always envisaged that it will evolve over time to incorporate new that it will evolve over time to incorporate new issues, possibly from work of STESWPissues, possibly from work of STESWP

• Will be incorporated into Internet version of the Will be incorporated into Internet version of the Handbook.Handbook.

• Possible future topics include:Possible future topics include:

o Linking of time series – refer STESWP agenda item 7Linking of time series – refer STESWP agenda item 7

o Graphical presentation of statistics – refer STESWP agenda item 4Graphical presentation of statistics – refer STESWP agenda item 4

o Problems related to data confidentialityProblems related to data confidentiality

o Presentation of chained indices and chain linkingPresentation of chained indices and chain linking

WHERE TO FROM HERE?WHERE TO FROM HERE?WHERE TO FROM HERE?WHERE TO FROM HERE?

Two options presented in paper:Two options presented in paper:

• Do nothing – Handbook would primarily serve as a Do nothing – Handbook would primarily serve as a reference document of recommended practicesreference document of recommended practices

• Use recommendations as a basis for comparisons Use recommendations as a basis for comparisons of current national and international practices in the of current national and international practices in the reporting and presentation of short-term economic reporting and presentation of short-term economic indicators – indicators – In line with Mandate of STESWPIn line with Mandate of STESWP




WHERE TO FROM HERE?WHERE TO FROM HERE?WHERE TO FROM HERE?WHERE TO FROM HERE?







… to improve the quality of short-term economic indicators which it “would monitor by regular studies [of the] quality and comparability of data in all domains of short-term economic statistics [and] encourage the methodological transparency, and ….”

… to improve the quality of short-term economic indicators which it “would monitor by regular studies [of the] quality and comparability of data in all domains of short-term economic statistics [and] encourage the methodological transparency, and ….”

HOW COULD WE PROCEED?HOW COULD WE PROCEED?OUTLINE OF PROCESS OUTLINED IN PAPEROUTLINE OF PROCESS OUTLINED IN PAPER

HOW COULD WE PROCEED?HOW COULD WE PROCEED?OUTLINE OF PROCESS OUTLINED IN PAPEROUTLINE OF PROCESS OUTLINED IN PAPER

• Obviously want to make magnitude of task realisticObviously want to make magnitude of task realistic

• Handbook contains 14 pages of recommendations – Handbook contains 14 pages of recommendations – Are all of equal Are all of equal importance?importance?

• Short-term economic statistics comprised of many different domains – Short-term economic statistics comprised of many different domains – QNA, prices, international trade, retail, employment, unemployment, QNA, prices, international trade, retail, employment, unemployment, interest rates, monetary aggregates, etc. – interest rates, monetary aggregates, etc. – Is it possible to review all?Is it possible to review all?

• Review would be undertaken by each NSO and OECD – Review would be undertaken by each NSO and OECD – Each would Each would compile summary information by December 2007compile summary information by December 2007

• OECD would assemble information provided into a single document. OECD would assemble information provided into a single document. Forwarded to STESWP members for comment by written procedure by Forwarded to STESWP members for comment by written procedure by end March 2008end March 2008

• Forwarded to CSTATForwarded to CSTAT with outline of broad issues - June 2008 meeting with outline of broad issues - June 2008 meeting

• Final document would be published by the OECDFinal document would be published by the OECD

• Obviously want to make magnitude of task realisticObviously want to make magnitude of task realistic

• Handbook contains 14 pages of recommendations – Handbook contains 14 pages of recommendations – Are all of equal Are all of equal importance?importance?

• Short-term economic statistics comprised of many different domains – Short-term economic statistics comprised of many different domains – QNA, prices, international trade, retail, employment, unemployment, QNA, prices, international trade, retail, employment, unemployment, interest rates, monetary aggregates, etc. – interest rates, monetary aggregates, etc. – Is it possible to review all?Is it possible to review all?

• Review would be undertaken by each NSO and OECD – Review would be undertaken by each NSO and OECD – Each would Each would compile summary information by December 2007compile summary information by December 2007

• OECD would assemble information provided into a single document. OECD would assemble information provided into a single document. Forwarded to STESWP members for comment by written procedure by Forwarded to STESWP members for comment by written procedure by end March 2008end March 2008

• Forwarded to CSTATForwarded to CSTAT with outline of broad issues - June 2008 meeting with outline of broad issues - June 2008 meeting

• Final document would be published by the OECDFinal document would be published by the OECD

HOW COULD WE PROCEED?HOW COULD WE PROCEED?- 11 themes identified -- 11 themes identified -

HOW COULD WE PROCEED?HOW COULD WE PROCEED?- 11 themes identified -- 11 themes identified -ThemeTheme Initial PriorityInitial Priority Final PriorityFinal Priority

1. Preparation of publication manuals & their publication on 1. Preparation of publication manuals & their publication on InternetInternet

LL

2. Practices to ensure use of consistent terminology & 2. Practices to ensure use of consistent terminology & definitions across organisationdefinitions across organisation

MM

3. Reporting of different types of statistical data – original, 3. Reporting of different types of statistical data – original, indices, growth rates, etcindices, growth rates, etc

HH

4. Reporting of different forms of time series data – WDA, 4. Reporting of different forms of time series data – WDA, seasonally adjusted, trend-cycleseasonally adjusted, trend-cycle

HH

5. Providing access to metadata, common metadata 5. Providing access to metadata, common metadata terminology, use of common metadata itemsterminology, use of common metadata items

HH

6. Transparent practices for data revision6. Transparent practices for data revision HH

7. Practices for presentation of series breaks7. Practices for presentation of series breaks MM

8. Practices for presentation of sampling & non-sampling 8. Practices for presentation of sampling & non-sampling errorserrors

MM

9. Practices for rebasing9. Practices for rebasing LL

10. Practices for citation10. Practices for citation LL

11. Practices for the presentation & reporting of 11. Practices for the presentation & reporting of administrative dataadministrative data

MM

HOW COULD WE PROCEED?HOW COULD WE PROCEED?- Which STES domains? -- Which STES domains? -

HOW COULD WE PROCEED?HOW COULD WE PROCEED?- Which STES domains? -- Which STES domains? -

Various options:Various options:

• Tackle all headline STES indicatorsTackle all headline STES indicators (MEI=18; PEEI=15) (MEI=18; PEEI=15)

• Tackle only selected STES indicators –Tackle only selected STES indicators – Which ones? Which ones?

• Top-down approach; identify a small number of issues Top-down approach; identify a small number of issues for each theme; report from a corporate perspectivefor each theme; report from a corporate perspective

Various options:Various options:

• Tackle all headline STES indicatorsTackle all headline STES indicators (MEI=18; PEEI=15) (MEI=18; PEEI=15)

• Tackle only selected STES indicators –Tackle only selected STES indicators – Which ones? Which ones?

• Top-down approach; identify a small number of issues Top-down approach; identify a small number of issues for each theme; report from a corporate perspectivefor each theme; report from a corporate perspective

WHAT YOU SAIDWHAT YOU SAIDWHAT YOU SAIDWHAT YOU SAID

• Responses on this agenda item were received from Responses on this agenda item were received from 20 agencies in 19 countries.20 agencies in 19 countries.

• Of the 15 agencies that provided substantive input, Of the 15 agencies that provided substantive input, 14 were in favour of making active use of key 14 were in favour of making active use of key recommendations in the OECD Presentation recommendations in the OECD Presentation Handbook.Handbook.

• Responses on this agenda item were received from Responses on this agenda item were received from 20 agencies in 19 countries.20 agencies in 19 countries.

• Of the 15 agencies that provided substantive input, Of the 15 agencies that provided substantive input, 14 were in favour of making active use of key 14 were in favour of making active use of key recommendations in the OECD Presentation recommendations in the OECD Presentation Handbook.Handbook.


Should the Handbook be used as a basis Should the Handbook be used as a basis for comparing national & international for comparing national & international practices for the reporting and practices for the reporting and dissemination of STES?dissemination of STES?

General endorsement of use of Handbook recommendations.General endorsement of use of Handbook recommendations.

Want to ensure that maximum use is made of existing Want to ensure that maximum use is made of existing metadata provided in IMF’s SDDS and Eurostat’s Principal metadata provided in IMF’s SDDS and Eurostat’s Principal European Economic Indicators (PEEIs).European Economic Indicators (PEEIs).

Do you endorse the approach outlined in Do you endorse the approach outlined in paper identifying 11 main themes from paper identifying 11 main themes from extensive Handbook recommendations?extensive Handbook recommendations?

General endorsement of the 11 main themes identified from General endorsement of the 11 main themes identified from the Handbook recommendations.the Handbook recommendations.

Do you endorse the top-down approach Do you endorse the top-down approach for reporting on national application of for reporting on national application of these themes from a corporate these themes from a corporate perspective & extent of their application perspective & extent of their application throughout agency?throughout agency?

Most thought that top-down approach would be the way to Most thought that top-down approach would be the way to go.go.

However, some felt that issue needed to be discussed However, some felt that issue needed to be discussed furtherfurther – Information from a corporate perspective could be – Information from a corporate perspective could be too abstract and general. Risk of no info. from organisations too abstract and general. Risk of no info. from organisations with no corporate policies on issues.with no corporate policies on issues.

Any comments on draft issues identified Any comments on draft issues identified for each theme and priorities identified in for each theme and priorities identified in paper?paper?

Most thought draft issues OK in the main, though many Most thought draft issues OK in the main, though many suggested some changes in priorities of some themes.suggested some changes in priorities of some themes.

Many thought initial work S/B restricted to high priority Many thought initial work S/B restricted to high priority themesthemes

Do you endorse the processes for the Do you endorse the processes for the provision of the required summaries by provision of the required summaries by each national agency and OECD & their each national agency and OECD & their subsequent use as outlined?subsequent use as outlined?

Most were comfortable with process outlined involving: Most were comfortable with process outlined involving: STESWP consultation; referral to CSTAT; final OECD STESWP consultation; referral to CSTAT; final OECD publication.publication.

Timeline OK – perhaps February 2008 would be betterTimeline OK – perhaps February 2008 would be better


Should the Handbook be used as a basis Should the Handbook be used as a basis for comparing national & international for comparing national & international practices for the reporting and practices for the reporting and dissemination of STES?dissemination of STES?

General endorsement of use of Handbook recommendations.General endorsement of use of Handbook recommendations.

Want to ensure that maximum use is made of existing Want to ensure that maximum use is made of existing metadata provided in IMF’s SDDS and Eurostat’s Principal metadata provided in IMF’s SDDS and Eurostat’s Principal European Economic Indicators (PEEIs).European Economic Indicators (PEEIs).

Do you endorse the approach outlined in Do you endorse the approach outlined in paper identifying 11 main themes from paper identifying 11 main themes from extensive Handbook recommendations?extensive Handbook recommendations?

General endorsement of the 11 main themes identified from General endorsement of the 11 main themes identified from the Handbook recommendations.the Handbook recommendations.

Do you endorse the top-down approach Do you endorse the top-down approach for reporting on national application of for reporting on national application of these themes from a corporate these themes from a corporate perspective & extent of their application perspective & extent of their application throughout agency?throughout agency?

Most thought that top-down approach would be the way to Most thought that top-down approach would be the way to go.go.

However, some felt that issue needed to be discussed However, some felt that issue needed to be discussed furtherfurther – Information from a corporate perspective could be – Information from a corporate perspective could be too abstract and general. Risk of no info. from organisations too abstract and general. Risk of no info. from organisations with no corporate policies on issues.with no corporate policies on issues.

Any comments on draft issues identified Any comments on draft issues identified for each theme and priorities identified in for each theme and priorities identified in paper?paper?

Most thought draft issues OK in the main, though many Most thought draft issues OK in the main, though many suggested some changes in priorities of some themes.suggested some changes in priorities of some themes.

Many thought initial work S/B restricted to high priority Many thought initial work S/B restricted to high priority themesthemes

Do you endorse the processes for the Do you endorse the processes for the provision of the required summaries by provision of the required summaries by each national agency and OECD & their each national agency and OECD & their subsequent use as outlined?subsequent use as outlined?

Most were comfortable with process outlined involving: Most were comfortable with process outlined involving: STESWP consultation; referral to CSTAT; final OECD STESWP consultation; referral to CSTAT; final OECD publication.publication.

Timeline OK – perhaps February 2008 would be betterTimeline OK – perhaps February 2008 would be better

Perhaps select small number of specific indicators

Perhaps select small number of specific indicators

WHICH INDICATORS?WHICH INDICATORS?WHICH INDICATORS?WHICH INDICATORS?MEI IndicatorsMEI Indicators Principal European Economic IndicatorsPrincipal European Economic Indicators

(derived domains)(derived domains)

QNAQNA

Industrial productionIndustrial production

Composite leading indicatorsComposite leading indicators

ConstructionConstruction

Passenger car registrationsPassenger car registrations

Retail tradeRetail trade

Consumer pricesConsumer prices

Producer pricesProducer prices

Hourly earningsHourly earnings

Unit labour costsUnit labour costs

EmploymentEmployment

UnemploymentUnemployment

Interest ratesInterest rates

Share pricesShare prices

Monetary aggregatesMonetary aggregates

Exchange ratesExchange rates

Merchandise tradeMerchandise trade

Current balanceCurrent balance

CPICPI

QNAQNA

Industrial productionIndustrial production

Industrial output price index for domestic marketsIndustrial output price index for domestic markets

Industrial new orders indexIndustrial new orders index

Industrial import price indexIndustrial import price index

Production in constructionProduction in construction

Turnover index for retail trade and repairTurnover index for retail trade and repair

Turnover index for other servicesTurnover index for other services

Corporate output price index for servicesCorporate output price index for services

Unemployment rateUnemployment rate

Job vacancy rateJob vacancy rate

EmploymentEmployment

Labour cost indexLabour cost index

External trade balanceExternal trade balance

SUGGESTED REVISED PRIORITIESSUGGESTED REVISED PRIORITIESSUGGESTED REVISED PRIORITIESSUGGESTED REVISED PRIORITIES

ThemeTheme Initial PriorityInitial Priority Revised Revised PriorityPriority


LL LL


MM LL


HH MM


HH HH


HH HH

6. Transparent practices for data revision6. Transparent practices for data revision HH HH

7. Practices for presentation of series breaks7. Practices for presentation of series breaks MM HH


MM L-HL-H

9. Practices for rebasing9. Practices for rebasing LL MM

10. Practices for citation10. Practices for citation LL LL


MM HH

SUGGESTED REVISED PRIORITIESSUGGESTED REVISED PRIORITIESSUGGESTED REVISED PRIORITIESSUGGESTED REVISED PRIORITIES

ThemeTheme Initial PriorityInitial Priority Revised Revised PriorityPriority


LL LL


MM LL


HH MM


HH HHHH


HH HH

6. Transparent practices for data revision6. Transparent practices for data revision HH HHHH

7. Practices for presentation of series breaks7. Practices for presentation of series breaks MM HHHH


MM L-HL-H

9. Practices for rebasing9. Practices for rebasing LL MM

10. Practices for citation10. Practices for citation LL LL


MM HH

Because of ISIC / NACE implementation.

Because of ISIC / NACE implementation.

Thank you for your Thank you for your attention !attention !

ISSUES FOR DISCUSSIONISSUES FOR DISCUSSIONISSUES FOR DISCUSSIONISSUES FOR DISCUSSION

• All 11 themes or only revised high priority themes All 11 themes or only revised high priority themes (6-7 of these)?(6-7 of these)?

• Top-down approach from corporate perspective or Top-down approach from corporate perspective or identify priority indicators?identify priority indicators?

• Process OK? Process OK? • Info. provided by each agency by December 2007Info. provided by each agency by December 2007

• Assembled by OECD into single documentAssembled by OECD into single document

• Final comment by STESWP by end March 2008 Final comment by STESWP by end March 2008

• Forwarded to CSTAT with outline of broad issues for June 2008 meetingForwarded to CSTAT with outline of broad issues for June 2008 meeting

• Final document to be published by OECDFinal document to be published by OECD

• All 11 themes or only revised high priority themes All 11 themes or only revised high priority themes (6-7 of these)?(6-7 of these)?

• Top-down approach from corporate perspective or Top-down approach from corporate perspective or identify priority indicators?identify priority indicators?

• Process OK? Process OK? • Info. provided by each agency by December 2007Info. provided by each agency by December 2007

• Assembled by OECD into single documentAssembled by OECD into single document

• Final comment by STESWP by end March 2008 Final comment by STESWP by end March 2008

• Forwarded to CSTAT with outline of broad issues for June 2008 meetingForwarded to CSTAT with outline of broad issues for June 2008 meeting

• Final document to be published by OECDFinal document to be published by OECD

Documents

RELEASE OF THE OECD DATA AND METADATA REPORTING AND PRESENTATION HANDBOOK. WHERE TO FROM HERE? Agenda item: 5 RELEASE OF THE OECD DATA AND METADATA REPORTING