Impact of methodological changes to the Index of Production

Andrew Walton, Robin Youll and Chris Hunt
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Andrew Walton: Office for National Statistics
Robin Youll: Office for National Statistics
Chris Hunt: Office for National Statistics

Economic & Labour Market Review, 2008, vol. 2, issue 6, 43-46

Abstract: Describes the above, resulting from concerns about quality of many detailed estimates and a wider reprioritisation of ONS's businessThe Index of Production (IoP) published on 10 March 2008 was based on improved methods, as described in an article published in the January 2008 edition of Economic & Labour Market Review. These methodological changes were made primarily in response to concerns in the Office for National Statistics (ONS) about the quality of many of the very detailed published seasonally adjusted estimates. The change was also a response to a wider reprioritisation of ONS's business which led to a 20 per cent reduction in the number of businesses sampled in the Monthly Production Inquiry, as used in the IoP. This article describes the impact of these methodological changes on the published results. Economic & Labour Market Review (2008) 2, 43–46; doi:10.1057/elmr.2008.89

Date: 2008
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