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Dissemination Standards Bulletin Board Special Data Dissemination Standard (AS PROVIDED TO THE IMF BY THE RESPECTIVE COUNTRY)   Ecuador Price index: Producer prices (Indice de precios al productor ) Last Posted: Jul-29-2008 Last Certified: Jan-7-2009 Last Updated: Feb-22-2008 Contact Person(s)          Printer Friendly Page   Mr. Santiago Lucero, Banco Central del Ecuador (Central Bank of Ecuador) (CBE), Avenida 10 de Agosto y Briceño, P.O. Box 339, Quito, Ecuador   Phone : 593 2 2572522, extension 2706(CBE)   Fax : 593 2 2954969   Email : glucero@bce.ec    Mr. Telmo Molina, Instituto Nacional de Estadística y Censos (National Institute of Statistics and Censuses) (INEC), Juan Larrea 534 y Riofrio, Quito, Ecuador   Phone : 593 2 2544326, extension 5962 (INEC)   Fax : 593 2 2556411   Email : tmmg@latinmail  Dissemination Formats Summary Methodology Access National Summary Data Page Cross-country comparisons: access the DSBB metadata query facility

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	5.1.1 Statistical presentation Data are disseminated on the producer prices index (1995=100), a Laspeyres index covering all the country and including the main production centers in the provinces of Guayas, Pichincha, Tungurahua, Manabi, Esmeraldas, Azuay, Loja, Cañar, Los Ríos, Carchi, Imbabura, Cotopaxi, Chimborazo, Bolívar, Morona Santiago and El Oro. The index covers agriculture, fishing and mining and manufacturing production, both for internal consumption and for export. The investigation on agriculture products is only for internal consumption. The index is based on data obtained from as variety of sources:   (1) The data for agriculture and livestock goods are obtained from the National Survey of Area and Agriculture and Livestock Production; (2) The data for fishing are obtained from data on industrial and artisan fishing compiled by the Instituto Nacional de Estadística y Censos (National Institute of Statistics and Censuses) (INEC); and (3) The data for mining and manufacturing are obtained from the Survey of Manufacture and Mining. The index covers a total of (1,419) 1034 items (368 agricultural and livestock goods, 72 fishing goods, and 979 mining and manufacturing goods) and approximately the same number of establishments.   The prices measured for agricultural and livestock goods are in farm and ex-factory for the manufacturing and mining goods, and port for the fishing goods.   The data are not seasonally adjusted.
Periodicity	4.1.1 Periodicity Monthly
Timeliness	4.1.2 Timeliness One month after the end of the reference month.
Access by the Public
Advance dissemination of release calendar	5.1.3 Advance release calendar A calendar showing the precise release dates of all the Central Bank's economic publications is disseminated on the Central Bank's website (http://www.bce.fin.ec) in January of each year. An advance release calendar giving one-quarter-ahead notice of the precise release date is disseminated on the Internet on the IMF's DSBB (http://dsbb.imf.org) . A notice to this effect is published in the CBE's hardcopy publication "Información Estadística Mensual".
Simultaneous release to all interested parties	5.1.4 Simultaneous release The data are released simultaneously to all interested parties by publishing the Central Bank's "Indice de Precios al Consumidor y Productor, Salarios, Empleo y Mercado Laboral" (Consumer and Producer Price Indices, Salaries, Employment and Labor Market). The publication is first issued on the Central Bank's website (http://www.bce.fin.ec)  and 4 days later is issued in a hardcopy version.   The public are informed of this through a regular notice published in the CBE's monthly publication "Información Estadística Mensual". In addition, the PPI data are disseminated in the INEC's monthly publication: "Indice de Precios al Productor", in hard copy, no later than the fifteenth day of each month.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information	0.1.1 Responsibility for collecting, processing, and disseminating statistics Central Bank of Ecuador The data are compiled in accordance with the terms and conditions of the following: the Statistics Law of Ecuador (established by Executive Decree No. 323 and published in the Official Registry No.82 of May 7, 1976); the Monetary Board Regulation No. DBCE-097-BCE of May 16, 2001; the Executive Decree No. 1589 published in the Official Registry No. 356 of June 13, 2001; and the Statistics Conduct Code (approved by the Monetary Board through Regulation No. JM-626-BCE of May 13, 1997). The Monetary Board Regulation No. DBCE-097-BCE of May 16, 2001, and the Executive Decree No. 1589 published in the Official Registry No. 356 of June 13, 2001, stipulate that the Central Bank of Ecuador must compile and publish on a timely basis information on monetary, financial, fiscal, external and real statistics; and elaborate the statistical synthesis and previsions of the real sector. The Statistics Conduct Code: "Normas para la producción y difusión de las estadísticas del Banco Central del Ecuador" (Norms for production and dissemination of the Central Bank of Ecuador statistics), establishes the guidelines for the compilation and dissemination of macroeconomic statistics. Price index: Producer prices The producer price index (PPI) is compiled by the INEC. Ecuador’s Statistics Law, established by Executive Decree 323 of April 27, 1976 and published in the Official Gazette, No. 82, of May 7, 1976, is the legal basis for the activities of the INEC as the producer of statistics. Article 1 of the Statistics Law states that “ the national statistics shall be drawn up through the national statistics system under the responsibility of the bodies established in this Law.” Article 4 of the Law identifies as bodies of the national statistics system, the National Council of Statistics and Censuses and the National Institute of Statistics and Censuses.                                                                                                                                                                  The Law assigns to the INEC the role of regulator of the national statistics system, and its Article 10 identifies the INEC as the body in the national statistics system responsible for “submitting national statistics programs to the National Council of Statistics and Censuses for consideration” and “coordinating and supervising implementation of the work programs and plans for which the other institutions of the national statistics system are responsible.” Regarding statistics, the Law does not explicitly refer to the assignment of responsibility for compilation of the PPI but implicitly authorizes the INEC to produce statistics of any type subject to the approval of the National Council of Statistics and Censuses (CONEC). More recent legislation, such as the Organic Law on Consumer Protection, approved by the National Congress on July 4, 2000, specifically entrusts to the INEC, in its Article 52, the compilation of the producer price index.   The PPI data are compiled in accordance with the terms and conditions of the following: the Statistics Law of Ecuador (established by Executive Decree No. 323 and published in the Official Registry No.82 of May 7, 1976); the Central Bank of Ecuador (CBE) Monetary Board Regulation No. DBCE-097-BCE of May 16, 2001; the Executive Decree No. 1589 published in the Official Registry No. 356 of June 13, 2001; and the Statistics Conduct Code (approved by the Monetary Board through Regulation No. JM-626-BCE of May 13, 1997).   The producer prices data are disseminated by the CBE as a service to the public. The PPI investigation held by the INEC is financed by the Central Bank of Ecuador and methodological aspects are discussed by the two institutions. 0.1.2 Data sharing and coordination among data producing agencies The INEC is fully self-sufficient in the compilation of the PPI, collecting and processing all the necessary data. No other institutions are involved in the compilation of the index. 0.1.3 Confidentiality of individual reporters' data Central Bank of Ecuador The Statistics Law of Ecuador establishes the principles of confidentiality, thereby forbidding disclosure of information for any individual person or private entity. Price index: Producer prices The Statistics Law clearly establishes the confidentiality of data received from the reporting entities. According to Article 21 of this Law, all data provided by reporting entities are strictly confidential and therefore individual data on persons and enterprises cannot be disclosed or used for the purposes of taxation or for any purpose other than the strictly statistical. When the INEC is conducting research, it informs reporting entities that the data they supply are confidential. Article 21 of the Law is reproduced on survey forms. 0.1.4 Ensuring statistical reporting The requirement to provide data to the INEC is based on the Statistics Law, Article 20 of which states that all individuals and legal entities, without any exception, shall be required to supply data for statistical purposes. Although the Law makes violators subject to penalties (Art. 22) consisting of 10-30 days’ imprisonment and fines, the penalties have not been updated and are still extremely lenient. However, in practice, reporting entities are very cooperative in supplying data, and punitive action has therefore been unnecessary. 0.2.2 Ensuring efficient use of resources The INEC employs various procedures to ensure efficient use of the available resources. Efficiency is heightened through use of the same concepts and classifications of activities (ISIC, Rev. 3) and products (CPC) in the economic surveys and in PPI compilation. Regional and national field supervision missions are carried out every month for the purpose of strengthening training activities and solving on site any operational and methodological problems arising. Statistical procedures are managed in such a way as to keep to a minimum, errors in the collection and input of primary data, as well as in the various subsequent phases of index compilation, based on intensive use of the available data processing resources. In addition, the INEC organizes national meetings every year for methodological, technical, operational, and budgetary assessment of the PPI project. The efficient use of the available financial resources is also furthered by means of project expenditure reviews (audits) carried out under the financing agreements signed with the CBE and the external and internal audits conducted by the Office of the State Controller-General. Resources for financing new data priorities are obtained through negotiations and agreements prior to their inclusion in the annual project budgets. 0.3.1 Monitoring user requirements The INEC has not set up any system to consult with users on the usefulness of the PPI statistics. However, it meets with the MEF, the CBE, and universities to improve on the approaches to making comparisons between the PPI and the U-CPI. At such meetings, it also collects opinions from these users regarding the usefulness of the PPI. Staff members compiling the index occasionally participate in seminars organized by the Spain National Institute (INE) and in meetings sponsored by the Andean Community (CAN). 0.4.1 Quality policy The INEC is keenly aware of the importance of ensuring the quality of its products to encourage the confidence of the user public, and the institution’s executives take preventive and remedial steps to ensure that the PPI data are reliable, timely, and user-friendly. Negotiations are under way for international advisory assistance to meet the requirements for obtaining ISO 9000 certification. 0.4.2 Quality monitoring In practice, the INEC has procedures to ensure the quality of the PPI in its various phases of data collection and processing. Price collection is supervised at the regional and national levels, and any problems detected in the collection phase are brought to the attention of the national project coordination unit in the central office, for resolution. Price data are entered and debugged at the regional level, from which they are sent on diskette with a copy of the pertinent forms to the central office. Similarly, the data processing system provides a series of lists that allow for revision and validation of the index in its various phases of compilation (for instance, changes in the prices of individual articles are analyzed, as well as the subindices). The index results are examined at various levels of management within the institution before their release. In its awareness of the need to preserve the quality of the PPI, the INEC has also used international technical assistance provided by the United Nations, the IMF, the European Community, and the French government’s Technical Cooperation Department. 1.1.1 Impartiality of statistics The Statistics Law gives full technical, economic, and administrative independence to the INEC. The INEC is an autonomous state institution with its own legal personality. The Statistics Law also identifies the INEC as the regulator of the national statistics system, and its activities are therefore not subject to outside interference. 1.1.2 Selection of sources, methodology, and modes of dissemination Instituto Nacional de Estadística y Censos The Statistics Law and the other regulations don't lay down the rules with respect to choices of methodology, either time or format of statistical releases. Price index: Producer prices Choices of data sources and statistical techniques for index compilation are informed solely by technical considerations. These decisions are taken internally, largely on the basis of internal discussions held with broad staff participation in meetings at which papers are presented and comments are made on international experiences. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Central Bank of Ecuador  The Statistics Law of Ecuador is available on the Central Bank's website http://www.bce.fin.ec/contenido.php?CNT=ARB0000920. The Monetary Board Regulation No. DBCE-097-BCE of May 16, 2001, and the Executive Decree No. 1589 published in the Official Registry No. 356 of June 13, 2001, are available in Spanish on the CBE's website http://www.bce.fin.ec/contenido.php?CNT=ARB0000456. The Statistics Conduct Code, "Normas para la producción y difusión de las estadísticas del Banco Central del Ecuador" (Norms for production and dissemination of the Central Bank of Ecuador statistics), is available in Spanish on the Central Bank's website http://www.bce.fin.ec/contenido.php?CNT=ARB0000776. Price index: Producer prices Terms and conditions are available to the public, albeit not readily so. The Statistics Law is a public document and printed copies of this Law are available at the INEC library. The Law is also available to the public on the CBE’s Web site. All INEC publications contain information about the addresses of its regional and central offices, at which further information can be obtained.
Identification of internal government access to data before release	1.2.2 Internal governmental access to statistics prior to release Central Bank of Ecuador No government officials outside the Central Bank have access to the data before their release to the public. Instituto Nacional de Estadística y Censos No government officials outside the INEC have access to the data prior to their release to the public. Price index: Producer prices No government officials outside the INEC and the CBE have access to the data prior to their release to the public.
Identification of ministerial commentary on the occasion of statistical releases	1.2.3 Attribution of statistical products Central Bank of Ecuador No ministerial commentary is attached to the release of the data. Price index: Producer prices There is no ministerial commentary attached to the release of the data.
Provision of information about revision and advance notice of major changes in methodology	4.3.1 Revision schedule The data are preliminary when first released. Final data become available three months after the end of the reference month. 4.3.2 Identification of preliminary and/or revised data Data are final when they are first release. 1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. The public are informed of major changes in methodology at the time the changes are introduced, through a statement in the relevant publication. Advance notice will be given of future changes in the methodology.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques As dissemination of data on the producer prices index began only in June 1999, no documentation on methodology is published at this time. However, information on the methodology and sources can be provided by the contact persons Telmo Molina (Phone: 593 2 2544326 extension 596. Fax 593 2 2556411) and Santiago Lucero on request (Phone: 593 2 2572522, extension 2706. Fax: 593 2 2954969. E-mail: glucero@bce.ec). (See also summary methodology)
Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness	4.2.1 Internal consistency "Precios, Salarios y Empleo" publishes: (1) data on the general index; and (2) data on sub-indices at the section level of the Central Classification of Products (CCP): (a) agriculture, livestock and fishing goods; (b) mining, water, electricity and gas; (c) food, beverages, tobacco, shoes, clothing and leather goods; (d) transportation goods except metal, machinery and equipment goods; and (e) metal, machinery and equipment goods. The INEC's monthly publication "Indice de Precios al Productor" disseminates the general PPI, with monthly and annual rates at level groups. 4.2.2 Temporal consistency The PPI series are consistent over time. The PPI is a relatively new indicator, the publication of which began in 1998. No methodological change has been introduced since the beginning of the series. There is a series of monthly indices consistent with the data produced from December 1997. PPI releases are not accompanied by any analytical text, and therefore no explanations are provided to users on expected changes in trends in INEC publications. Changes in trends are analyzed internally at the INEC to validate the data before their release. 4.2.3 Intersectoral and cross-domain consistency PPI consistency is analyzed by comparison with pertinent indices, such as the U-CPI, and changes in agricultural product prices collected by the Ministry of Agriculture and Livestock (MAG).
Footnotes Last posted: Date IMF staff last posted an update to these metadata on the DSBB. Last certified: Date subscriber last officially certified the accuracy of these metadata. Last updated: Date subscriber last submitted an update of these metadata to the IMF.