High-Frequency Indicators and Monthly Indicators of Economic Growth

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Training Program offering on high-frequency indicators (HFIs) and monthly indicators of economic activity.
Session No.: SA 24.17
Location: New Delhi, India
Date: March 18-22, 2024 (1 week)
Delivery Method: In-person Training
Primary Language: English
Deadline passed
Target Audience: Officials responsible for compiling short-term or monthly economic indicators in central banks and statistical offices.
Qualifications: Participants should have a degree in economics or statistics or equivalent experience.

Focus: identification and assessment of elementary indicators and techniques for combining them into a single index of economic activity (IEA) to track national trends.
Rationale: Indexes of economic activity bring together a range of elementary indicators to give timely general measures of economic activity that complement annual and quarterly GDP estimates, which are more comprehensive but usually only available after substantial lags.
Emphasis: practical issues with the compilation of high frequency indicators (HFIs) and their relation with the System of National Accounts (SNA).

Upon completion of the course, participants should be able to:

Explain the nature and potential uses of high frequency statistics on economic activity as well as their relation and consistency within the system of national accounts.
Develop a simple framework to compile an index of economic activity, from collection of source data to implementation of simple statistical methods and index compilation techniques.
Exploit useful short-term information contained in the IEA by applying some analytical tools, deriving tables, and statistical procedures.