Flash Estimates of Quarterly GDP for The EU Available to Users as Early as 30 Days after The End of The Quarter
The decision to begin with releasing of the preliminary flash estimates by 15 days earlier than before is based on results of the pilot phase from respective quarters in 2012 to 2015. The methodology applied is to a substantial portion identical to the current methodology for flash GDP estimates published at 45 days after the end of the quarter. The main difference consists in the use of incomplete estimates for respective Member States. The last test estimates for Q4 2015 attained the coverage of 91% of the EU28 and 94% of the euro area countries.
Since 2008 the Czech Statistical Office has been publishing the GDP estimates approximately at 45 days after the end of the quarter so far. As of yet the Czech Statistical Office has not adopted the aforementioned shortened period of the GDP publishing in the same way as the majority of national statistical offices of the EU Member States.
More information can be found in the current Eurostat report at (http://ec.europa.eu/eurostat/statistics-explained/index.php/Preliminary_GDP_flash_estimate_in_30_days_for_Europe) and there is also a video available at (https://www.youtube.com/watch?v=bLJeUEMdhb4).
Contact:
Ing. Jaroslav Sixta, Ph.D.
Director of the Macroeconomic Statistics Section of the Czech Statistical Office
tel.: +420 274 054 253
e-mail: jaroslav.sixta@czso.cz
