OECD Main Economic Indicators Revisions Analysis Database

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OECD Main Economic Indicators Revisions Analysis
Database

• Richard McKenzie
• OECD Statistics Directorate

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The Main Economic Indicators Original Release
Data and Revisions Database

• Full time series of data published every month
  starting from the February 1999 edition of the
  Main Economic Indicators for 21 key economic
  variables
• Access OECD revisions analysis studies for GDP,
  Index of Industrial Production and Retail Trade
  Volume
• Automated programs and detailed user guide
  allowing users to perform there own revisions
  analysis for any country / variable combination
  available in the database
• Information on reasons for revisions and
  references to international recommendations for
  establishing revisions analysis policies (IMF
  SDDS and OECD)

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The Main Economic Indicators Original Release
Data and Revisions Database

• Monthly International Trade in Goods, s.a.
  current prices (imports and exports). First
  release data at monthly frequency from February
  1999
• All OECD countries, China, India, Brazil, Russia,
  South Africa
• Should be roughly the same as nationally released
  data and MTSI statistics
• Publication timing differences may cause some
  minor discrepancies
• MEI team performs the seasonal adjustment for
  about half the countries

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The Main Economic Indicators Original Release
Data and Revisions Database

• Current Account Balance, s.a. First release
  quarterly data at monthly frequency from February
  1999
• All OECD countries, China, India, Brazil, Russia,
  South Africa
• Should be roughly the same as nationally released
  data BOP data
• Publication timing differences may cause some
  minor discrepancies
• For about half the countries it is an aggregation
  of monthly data
• MEI team performs the seasonal adjustment for
  TUR, POL, NLD, IRL, GRC and non-member country
  data is not s.a.

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http//stats.oecd.org/mei/default.asp?rev1
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User Manual
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Mean absolute revision to first estimates of
year-on-year growth rates for Index of
Industrial Production
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Mean absolute revision to first estimates of
year-on-year growth rates for the Index of
Industrial Production
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Mean absolute revision to first estimates of
quarter-on-quarter growth rates for GDP
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Promotion of the interface

• Two OECD Statistics newsletter articles and
  Statistics Brief
• OECD Statistics working paper
• Emails to working groups of statisticians,
  academics, central banks and economists through
  various networks
• Note from OECD Chief Statistician to heads of
  National Statistics Institutes informing them
  of the tools available and encouraging them to
  perform their own revisions analysis
• Opportunity to present the results at meetings
  such as this

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Questions?