unido.org/statistics International Seminar of Early Warning and Business Cycle Indicators Moscow, 17-19 November 2010 Strategic Indicators for Industrial Statistics Shyam Upadhyaya Chief Statistician, UNIDO 1 unido.org/statistics Data collected by UNIDO From national sources From international sources Annual industrial survey data (for mining, manufacturing and utility sectors) National accounts and international trade data • • • • • • • Number of establishments/enterprises Number of persons engaged/employees Share of female employees (developing countries) Wages and salaries Gross output Value added Gross fixed capital formation (manufacturing only) Annual indices of industrial production (manufacturing only) • GDP, MVA at current and constant prices • Value added of M&U sectors • Population (UNPD) • Export and import of manufactured goods (Comtrade) Quarterly indices of industrial production 2 unido.org/statistics Overview of output indicators compiled by UNIDO Statistics Computation method Manufacturing value added Manufacturing sector specific value added Mining and quarrying value added Mining and quarrying sector value added Industrial demand supply balance Valuation Frequency Time lag Latest year estimation method Constant prices ( US$ 2000) Annual None Nowcasting model based on Current US$ Annual 2 years Not done Survey Current prices Annual (national currency) 3 years IIP based estimation National accounts Constant prices ( US$ 2000) Annual 2 years Not done Survey Current prices Annual (national currency) 3 years Not done Survey estimates of output Current prices 2 years IIP based estimation National accounts Annual 3 unido.org/statistics Monitoring growth trends by annual and quarterly indices (some results) World MVA annual growth rates in per cent by country groups Quarterly growth trend of world MVA by country groups 12.5 15.0 10.0 7.5 World Developing 10.0 5.0 Industrialized 5.0 2.5 0.0 0.0 -2.5 -5.0 -7.5 World Industrialized Developing -10.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -5.0 -10.0 Qt I Qt II Qt III Qt IV Qt I 2008 Qt II Qt III Qt IV Qt I 2009 Qt II 2010 Source: UNIDO database 4 unido.org/statistics Major problems related to data reporting by NSOs • Infrequent and irregular surveys • Incomplete coverage of economic activities • Deviation from international standards; comparability problems • Lack of metadata • Lack of timely data on short-term indicators such as production and producer’s price indices Currently recommended set of data items in IRIS comprise a full set of data for measuring level, structure and growth For a regular monitoring of business tendency it would be necessary to define a minimum set of data items 5 unido.org/statistics Minimum set of industrial data Variables Key indicators Classification Frequency What does it measure Gross domestic product By ISIC sections Annually Level and growth Gross output Value added ISIC 2-digit Annually Structure Indices of industrial production ISIC 2-digit Quarterly Short-term growth Price Indices of producer’s prices ISIC 2-digit Quarterly Short-term growth Input Material input Energy input Cost of services Annually Structure Efficiency Production Employment and remuneration External trade Number of employees Wages and salaries paid to employees Export Import ISIC 2-digit ISIC 2-digit SITC 4- digit Annually Annually Structure Productivity Efficiency Structure Competitiveness 6 unido.org/statistics Estimation for recent years • Data from national sources are available with some time lag for objective reasons • Users demand more recent data • International data producing agencies could supply estimated (extrapolated ) data especially for output series However; Estimation requires IIP and PPI data, which are not readily available for many countries There is no consensus whether an international agency can disseminate its estimates for member states. 7 unido.org/statistics Collective response to a collective challenge A core set of indicators and division of labour based on existing UN Statistics Commission mandate International aggregation of data By development stage Industrialized, newly industrialized, developing countries and LDCs By regional groups EU, ASEAN, Sub-Sahara, Latin America and Caribbean etc Aggregation of IIP and PPI requires weights Recommended dates of data release unido.org/statistics Some UNIDO publications for reference UNIDO data quality – A quality assurance framework for UNIDO statistical activities Towards a new industrial and business statistics programme for developing countries and countries with economies in transition Industrial Statistics: Guidelines and Methodology World Statistics on Mining and Utilities International Yearbook of Industrial Statistics 9 unido.org/statistics Thank you for your attention! Stat-Info services stat@unido.org 10