1 / 14

A joint Eurostat – ECB project

Quarterly Sector Accounts in the European Union - Recent and future developments - OECD - NA Working Party 4-6 November 2009 Eurostat / Denis Leythienne. A joint Eurostat – ECB project. Eurostat compiles the non-financial accounts - of the European Union

amergin-hone
Download Presentation

A joint Eurostat – ECB project

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Quarterly Sector Accounts in the European Union- Recent and future developments -OECD - NA Working Party4-6 November 2009Eurostat / Denis Leythienne

  2. A joint Eurostat – ECB project • Eurostat compiles the non-financial accounts - of the European Union - of the euro area (in cooperation with ECB) • ECB compiles the financial accounts - of the euro area (MUFA) - reconciles them with non-financial accounts within the EAA Scope of this presentation: non-financial accounts (QSA)

  3. Quarterly Sector Accounts in the European Union • Milestones • Data collection • European accounts • Results • Future developments

  4. Milestones • 1996: ESA95 Transmission programme • 2000: Action Plan on EMU Statistical Requirements • 2005: QSA Regulation (EC-1161/2005) • 2006: First Publication of European ASA • 2007: First publication of European QSA

  5. Data collection • Full but simplified set of non-financial accounts - From Value Added to net lending / borrowing • Institutional sectors - Non-financial corporations (S11) - Financial corporations (S12) - Government (S13)* - Households+NPISH (S14+S15) - Rest of the World (S2)* (*: Sectors to be reported by countries < 1% EU-GDP) • Transmission deadline: Q + 90 days

  6. Data collection • Validation - Accounting constraints (Resources/Uses, Balancing items) - Consistency vis-à-vis related statistics (ASA / QNA / Government / BOP) - Revision analysis - Plausibility of quarterly patterns => Data sharing (next slide)

  7. COUNTRY A COUNTRY B Possibleoutliers

  8. European institutions European institutions Country A Country A Country B Country B European accounts • Aggregation of the NA of the Member States • European accounts

  9. Results • News release at Q + 120 days • EA and EU aggregates • Jointly with QFA of the EA (ECB) • No country breakdown • Focus on seasonally adjusted data for key indicators: • Household saving rate: B6G/(B8G+D8net) • Household investment rate: P51/(B8G+D8net) • Investment rate of non-financial corporations: P51/B1G • Profit share of non-financial corporations: B2G/B1G • Decomposition of nominal growth

  10. Household saving rate Household investment rate

  11. Investment rate of non-financial corporations Profit share of non-financial corporations

  12. Future developments • End 2009: publication of key indicators by country: - Broad country coverage - Focus on key indicators - 4 quarter cumulated sums • 2010: Inventories of QSA Sources & Methods (Restricted release) • 2014: Revised ESA transmission programme - QSA merged with government statistics - Seasonally adjusted data by country (e.g. for key indicators) - Price / Volume data by country (e.g. for VA and investment)

  13. For more information: =>http://ec.europa.eu/eurostat/sectoraccounts(Eurostat) =>http://www.ecb.eu/stats/acc/html/index.en.html(ECB)

More Related