News

24.08.2021

MONTHLY PRODUCTION OF EUROSTATISTICS

GOPA Luxembourg supports Eurostat in the monthly production of Eurostatistics which consists of data for short-term economic analysis and shows the evolution of the economic activity in the European Union, euro area and Member States. This monthly review gives a synthetic picture of the macroeconomic situation in the recent past. It is based on Principal European Economic Indicators (PEEIs), complemented by some business cycle indicators.

The current publication for August 2021 is available here.

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28.07.2021

The Implementation of a Multilateral Price Index Method for Scanner Data in the Luxembourg CPI

Scanner data has been introduced in the Luxembourg CPI in 2018 using the “dynamic basket” method. The drawbacks of this method lied in its inability to incorporate all available products and in its inability to directly incorporate the selected products’ turnover information into price index calculations. To avoid these drawbacks, while also avoiding a possible chain drift, multilateral price index methods can be used. In this research conducted by GOPA Luxembourg price statistics expert Botir Radjabov in cooperation with Marc Ferring of STATEC, several selected multilateral price index methods are analyzed as possible replacement methods for the “dynamic basket” method. With this in mind, the decision of “GEKS HASP” on 25 months’ window setup introduction in the Luxembourg CPI from January 2021 onwards is discussed and justified
Find the Article with more information here.

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16.07.2021

Support the ESM to detect early warning signs of distress in sovereign debt markets

GOPA Luxembourg is selected by the European Stability Mechanism (ESM) to provide consultancy services to support the Economics and Market Analysis team in developing analytical tools that will serve to detect early warning signs of distress in sovereign debt markets in the euro area and beyond. Within the scope of the project is to construct a detailed dataset with potential indicators of market access tensions, and evaluate their ability to forecast episodes when market access is lost, applying various econometric methods.

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12.07.2021

Improving data collection for domestic rail traffic of foreign companies

GOPA is glad to present the scientific summary of the study ‘Improving data collection for domestic rail traffic of foreign companies’ realised by Eurostat and GOPA Worldwide consultants/GOPA Luxembourg. The project was conducted from October 2020 to April 2021. The main objectives of the study were i) to provide an overview of the challenges and limitations that national authorities face while collecting data on the rail traffic of foreign railway undertakings on national territories; and ii) to put together proposals and possible solutions for improving the collection of data on domestic rail traffic of foreign undertakings.
https://ec.europa.eu/eurostat/product?code=KS-TC-21-003

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09.07.2021

Progress on SBS Manual

GOPA experts presented the draft version 2.0 of the Structural Business Statistics (SBS) Manual to the Members of Eurostat’s SBS/BD WG (held 7-8 June 2021). The Working Group welcomed the draft SBS Manual.

Currently, the draft version 3.0 is submitted for written consultation to the SBS/BD WG. The final approval by Eurostat and the Member States is expected in September 2021; and the SBS Manual will be published later this year.

The SBS Manual will be a valuable addition to the already existing, overarching European Business Statistics Manual and the European business statistics methodological manual for statistical business registers – 2021 edition.

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09.07.2021

International Trade in Services Asymmetries and Classifications

We are proud to have supported the European Commission (Eurostat) in a research project focused on the International Trade in Services Statistics by analysing two aspects: Trade asymmetries with available major trading partners and correspondences between services product classifications.

In the execution of the first part, we developed a tool that automatically extracts and compares data for the European Union and its major partner countries, i.e. United States, United Kingdom, Switzerland, Australia, Japan, Russia, Iceland, South Korea, Hong Kong and Canada and produces asymmetries indicators both in tabular and graphical format, which were used for the analysis.

The second part focussed on the existing services classifications, namely Extended Balance of Payments Services (EBOPS), Central Product Classification (CPC), the European Classification of Products by Activity (CPA), the United Nation’s Broad Economic Categories (BEC rev. 5), and the WTO’s Services Sectoral Classification (W120), with the aim of identifying deficiencies within the current correspondence tables. Moreover, the research explored a new addition to the EBOPS 2010 classification with products details for Travel and FISIM and on the EBOPS 2010 – NACE rev. 2 correspondence tables due to their significance for Services Trade Enterprise Characteristics (STEC).

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21.06.2021

MONTHLY PRODUCTION OF EUROSTATISTICS

GOPA Luxembourg supports Eurostat in the monthly production of Eurostatistics which consists of data for short-term economic analysis and shows the evolution of the economic activity in the European Union, euro area and Member States. This monthly review gives a synthetic picture of the macroeconomic situation in the recent past. It is based on Principal European Economic Indicators (PEEIs), complemented by some business cycle indicators.

The current publication for June 2021 is available here.

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26.05.2021

MONTHLY PRODUCTION OF EUROSTATISTICS

GOPA Luxembourg supports Eurostat in the monthly production of Eurostatistics which consists of data for short-term economic analysis and shows the evolution of the economic activity in the European Union, Euro area and Member States. This monthly review gives a synthetic picture of the macroeconomic situation in the recent past. It is based on Principal European Economic Indicators (PEEIs), complemented by some business cycle indicators.

The current publication for May 2021 is available here.

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10.05.2021

STUDY ON DATA ON CRIME IN THE EU NOW PUBLIC

The study on the “availability, comparability and consistency of administrative statistical data on recorded crime and on the stages of the criminal justice process in the European Union (EU)”, carried out by GOPA Luxembourg, is now available online. The project, which was commissioned by the European Commission’s Directorate-General Migration and Home Affairs (DG HOME), aimed at providing an evidence base to ensure the further development of administrative data on crime statistics and monitor policy making in the field of cross-border serious and organised crime using the available data sources.

The study was divided into two phases: In 2018, we assessed the data availability of administrative crime data in all criminal process stages in all Member States. The second round of data collection in 2019 focused on the comparability and consistency of these data and metadata. The final report summarises the relevant findings of both data collection rounds, and provides the accompanying metadata of the EU and the UK. 

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19.04.2021

NATIONAL ACCOUNTS TRAINING SESSION

On 17.03.2021, GOPA Luxembourg successfully held an online training course on National Accounts Statistics for representatives of KPMG Luxembourg.

The training took place in the context of our mutual collaboration for developing the project “National Accounts – the new generation” in STATEC (Institut National de la Statistique et des Etudes Economiques du Grand-Duché du Luxembourg).

The online course, which was organized and facilitated by our in-house staff, introduced the participants to the key concepts of National Accounts and their crucial role in official statistics, as well as in policy-making decisions.

We are pleased to be contributing to the capacity development of individuals in companies, who want to learn and understand more about National Accounts.

This tailor-made training session can be booked upon demand.

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