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 DisseminationStandards Bulletin Board Reviews of the Fund's Data Standards' Initiatives (Reviews) Special Data Dissemination Standard Site (SDDS) Introduction Metadata Data What's New Contact Us General Data Dissemination System Site (GDDS) Data Quality Reference Site (DQRS) |
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| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation Data are disseminated on the Industrial Production Volume Index (IVOPI), which measures industrial production volumes. The IVOPI is disseminated in the internet website in the following address:
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| Periodicity | 4.1.1 Periodicity The IVOPI is compiled and published monthly, thus meeting the SDDS standard on periodicity. | |||||||||||
| Timeliness | 4.1.2 Timeliness The IVOPI is published 40 days of the month following the reference month, thus meeting the SDDS standard on timeliness. | |||||||||||
| Access by the Public | ||||||||||||
| Advance dissemination of release calendar | 5.1.3 Advance release calendar An advance release calendar which gives one-quarter-ahead notice of the precise release dates is disseminated on the Internet website of the BCR (http://www.bcr.gob.sv) and on the IMF's DSBB website. In addition, the calendar is issued as a press release, which also includes a notice informing the public that the calendar is disseminated on the two Internet websites above. | |||||||||||
| Simultaneous release to all interested parties | 5.1.4 Simultaneous release The IVOPI data are released simultaneously to all interested parties by publishing the Indice de Volumen de la Actividad Económica (IVAE) (Volume Index of Economic Activity).
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| 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 Reserve Bank of El Salvador The Central Reserve Bank of El Salvador (BCR) is an autonomous public institution governed by the provisions of its Organic Law (Official Journal No. 80, Book 311 of 3 May 1991). This legislation explicitly authorizes the BCR (Article 64) to prepare and publish monetary, foreign exchange, and balance of payments statistics, or any other statistics deemed necessary by the BCR Board of Directors, which will establish the nature, content, and periodicity of the data to be released. Production index The Law of the Central Reserve Bank of Since the IVOPI is not specially mentioned in the organic Law on the Central Reserve Bank of 0.1.2 Data sharing and coordination among data producing agencies Central Reserve Bank of El Salvador There is a close cooperation with other compilers of basic statistics such as the Ministry of Economy, the General Bureau of Statistics and Census (DIGESTYC), the Ministry of Finance, and other ministries including Agriculture, Health, Education and Labor. In addition, other public institutions providing information to the BCR include the Superintendencies of Financial System, Pensions, Electricity and Communications.
Production index The Industrial Production Volume Index (IVOPI) is compiled by the CRBES using a monthly survey data collected by DIGESTYC. The 2005 Annual Industrial Survey carried out by DIGESTYC was used for the selection of new establishments and products sample, keeping the weights structure from 1990 National Accounts. The new enterprises sample represents the main industrial products. 0.1.3 Confidentiality of individual reporters' data Central Reserve Bank of El Salvador Confidentiality in the use of information by BCR employees is guaranteed by rules set out in the Internal Regulation on Work Practices, Chapter II, Article 19, paragraph (p), relating to the obligations of the employees, and in Title Seven, Article 70, paragraph (a), on disciplinary provisions. The BCR authorities encourage staff to uphold basic institutional values. The National Statistics Service Law in its article 18 establishes: “The information that compiles the General Bureau of Statistics and Censuses Office is strictly confidential. This information can not be used for taxation purposes or juridical investigations and only numerical summaries will be published.” Care is taken to ensure that the data are published at a level of aggregation that will not allow individual respondents to be identified. In addition, all databases and computers involved in the compilation of BCR statistical series are restricted by passwords, to ensure that non-authorized persons are denied access to confidential data. Production index Respondents for the IVOPI are informed of their rights with regard to data provided to the DIGESTYC. Confidentiality in the use of information by CRBES employees is promoted by the standards prescribed in the Internal Work Regulation, Chapter II, Article 19, part p, which gives the employees’ obligations, and in Title VII, Article 70, part a which gives the sanctions for violation of these regulation. All CRBES publications are scrutinized to ensure that the confidentiality of respondents is not violated. Care is taken to ensure that the data are published at a level of aggregation that will not allow individual respondents to be identified. In addition, all databases and computers involved in the compilation of CRBES statistical series are restricted by passwords, to ensure that non-authorized persons are denied access to confidential data. 0.1.4 Ensuring statistical reporting Central Reserve Bank of El Salvador The Law of the BCR regulates access to information from government institutions, private enterprises and financial system and other public institutions. Information is mostly received in the form of statistical or financial reports. In the case of information requested from private enterprises through surveys, personalized assistance is given to the respondent entity in completing the relevant forms; and a technical officer is appointed to answer queries. The information requested is limited to what is strictly necessary for generating the required statistics.
Production index The Law on the Central Reserve Bank of In spite of the lack of a legal mandate, the CRBES has worked to develop an environment of confidence and trust that has fostered voluntary reporting. In addition, as a gesture of appreciation for cooperation, the CRBES has adopted the policy of providing respondents with copies of the CRBES statistical products that are most relevant to their interests and needs. 0.2.1 Staff, facilities, computing resources, and financing Central Reserve Bank of El Salvador All technical staff holds academic degree, and most have masters or postgraduate studies related to economic sciences. The staff has solid experience and receives training through participation in programs run by IMF, CEMLA, ECLAC, CESD, INEGI and other institutions that offer short courses on national accounts, monetary, foreign exchange, balance of payment, fiscal statistics and related areas. Production index All technical staff holds academic degree, and most have masters or postgraduate studies related to economic sciences. The staff has solid experience and receives training through participation in programs run by ECLAC, CESD, INEGI and other institutions that offer short courses on national accounts and related areas. In terms of information technology resources; the CRBES has made efforts to upgrade the computer systems used in the compilation and analysis of statistics. However, there is as yet no institutionalized functioning database for government financial, national accounts statistics, and the IVOPI. 0.2.2 Ensuring efficient use of resources Central Reserve Bank of El Salvador The BCR has a management system that makes it possible to measure the results and scope of the tasks of each unit. The annual plan contains detailed objectives, actions, strategies and achievements, which are evaluated every six months by the authorities of the bank, to measure the performance results for each unit of the BCR. In addition, and related to the work plan, there is a staff performance management system involving periodic evaluations of individual tasks, which makes it possible to appraise the efficiency of staff in achieving the established objectives.
Production index The CRBES is aware of the need for efficiency in the use of resources and has achieved enhancements in efficiency by use of technological advances and periodic assessments of processes.0.3.1 Monitoring user requirements Central Reserve Bank of El Salvador Periodic users surveys are carried out to receive feedback from users on utility of statistics and their needs. Production index User surveys to obtain comments on quality are not conducted.0.4.1 Quality policy Central Reserve Bank of El Salvador The authorities recognize that quality is a key value in statistics production, and are aware of the dimensions of data quality. Most statistics are revised periodically, the information is compared with the primary sources and some statistical processes are audited.
Production index The CRBES is demonstrating quality awareness, a current internal evaluation of strengths, opportunities for improvement, weaknesses, and risks. However, the CRBES does not conduct regular external user surveys, for the purposes of obtaining comments on data quality, but statistical processes are audited. 0.4.2 Quality monitoring Central Reserve Bank of El Salvador Quality assurance processes are in place regarding the statistics generated by the BCR. The data are reviewed by technical staff and by the head of unity and authorized by the manager. If a potential problem or inconsistency is detected, the provider of information is contacted to resolve the problem or justify the information. Production index Quality assurance processes are in place with regard to the monthly production survey. On the same day data are obtained, they are reviewed by the office supervisor. If a potential problem is detected, the data collector is contacted, and if the problem is not solved, the respondent is contacted a second time. 0.4.3 Quality planning Central Reserve Bank of El Salvador Although no formal procedures have been established to evaluate the quality of statistics, including tradeoff such as quality versus timeliness. Production index There is a plan for improving the quality of the IVOPI information, when adopting a new version of the international System of National Accounts, and changing the reference period from 1990 to 2005.1.1.1 Impartiality of statistics Central Reserve Bank of El Salvador The Organic Law of the BCR provides a legal framework that ensures the autonomy of the institution. The BCR is committed to maintaining the highest standards of professionalism. The legal framework governing the BCR is adequate for ensuring the autonomy of staff members assigned to the compilation of statistics, and professional competence is a key requirement in the hiring of employees and in staff promotions.
Production index The CRBES is committed to maintaining the highest standards of professionalism. The legal framework governing the CRBES is adequate for ensuring the autonomy of staff members assigned to the compilation of statistics, and professional competence is a key requirement in the hiring of employees and in staff promotions. 1.1.2 Selection of sources, methodology, and modes of dissemination Central Reserve Bank of El Salvador Most statistical data comes from official sources such as DIGESTYC, Superintendence of the Financial System, and the Ministry of Finance. In the case of national account statistics, the Macroeconomic Accounts Department of the BCR, in consultation with specialists in different research areas, decides on the source data for compilation purposes. Selection of source data is dictated exclusively by statistical requirements of coverage, information quality, precision, cost, and informant response level. Production index The choice of statistical sources and information to be consulted is a decision made by the Economic Statistics and Studies Management Office, in consultation with specialists in each of the research areas. Choices are dictated exclusively by statistical requirements of coverage, information quality, precision, cost, and informant response level. Decisions in this regard, are made internally after careful consideration of methodological recommendation by international organizations. 1.1.3 Commenting on erroneous interpretation and misuse of statistics Central Reserve Bank of El Salvador The BCR monitors media coverage to detect inappropriate interpretation or misuse of statistics and staff members prepare internal reports explaining the technical reasons why data have been misinterpreted Production index The Macroeconomic Accounts Department is authorized to respond to incorrect interpretations of the data it publishes, and it maintains a policy of open communication with production index users.1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Central Reserve Bank of El Salvador The laws are available in Spanish only, and copies can be obtained from the Communications Department, Central Reserve Bank of El Salvador (Phone: 503 22818111, Fax: 503 22818113, E-mail: comunicaciones@bcr.gob.sv). The law is also available at http://www.bcr.gob.sv/financiero/leyes_financ.html and http://www.ssf.gob.sv. Production index The characteristics of the production index compilation and other conditions under which the statistics are prepared and disseminated (coverage, timeliness, advance release calendar, etc.), are published on the IMF’s Dissemination Standards Bulletin Board (DSBB), which is accessible through the CRBES.1.3.1 Guidelines for staff behavior Central Reserve Bank of El Salvador The BCR’s Internal Regulation on Work Practices defines staff obligations, establishing the norms of honesty, loyalty, responsibility, efficiency, and respect that employees should abide by. It also defines staff duties and specifies sanctions for non-compliance. The regulation has been widely disseminated to staff and is available on the BCR’s Intranet. Production index The Internal Work Regulation defines staff obligations toward institution, establishing the norms of honesty, loyalty, responsibility, efficiency, and respect that employees should abide by; it also defines, staff duties and specifies sanctions for non-compliance. The regulation has been widely disseminated to staff and is available on the CRBES Intranet website. | |||||||||||
| Identification of internal government access to data before release | 1.2.2 Internal governmental access to statistics prior to release Central Reserve Bank of El Salvador No-one outside the BCR has access to the analytical accounts of the banking sector data prior to their release to the public. Production index The President, Vice-President and the Board of Directors of the CRBES, have access to the production index 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 Reserve Bank of El Salvador The most important official compilers of statistics are: (i) the General Bureau of Statistics and Census (DIGESTYC); (b) the Ministry of Finance; and (c) BCR. In addition, other statistical compilers of sectoral data include several ministries (i.e., Health, Education, Agriculture, and Economy), and agencies such as Salvadorian Institute for Social Security, the Superintendence of the Financial System, and other sectoral superintendencies (i.e., Pensions, Electricity and Communications).
Production index Every CRBES publication carries the CRBES logo and the department or organizational unit that is responsible for its preparation. When other institutions use data from the CRBES, they are requested to give attribution to the BCRES. The IVOPI data are released without ministerial commentary. | |||||||||||
| Provision of information about revision and advance notice of major changes in methodology | 4.3.1 Revision schedule The IVOPI follows a regular, well-established, and transparent schedule with regard to revisions of the monthly production series.4.3.2 Identification of preliminary and/or revised data There is established schedule for quarterly revision of basic data obtained delay, and for changes in information received from respondents by data collected previously.1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. Central Reserve Bank of El Salvador Users of statistics are informed of any major change in methodology in the BCR's monthly "Boletín Estadístico Mensual" and quarterly "Revista Trimestral" at the time the change is introduced. Production index Notices of major changes in methodology are published in the Monthly Economic Bulletin of the Central Reserve Bank of This publication is available, in Spanish only, from the Communications Department of CRBES. (Phone: 503 2-2818111. Fax: 503 2-2818113. E-mail: comunicaciones@bcr.gob.sv). | |||||||||||
| 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 A methodological summary is published in the BCR's Web site. The document is available, in Spanish only, on the following Internet websites: https://www.bcr.gob.sv/estadisticas/metodologia/Metodologia_IVOPI.pdf and at the BCR's Macroeconomic Accounts Department.(See above for contact person) 5.2.2 Disseminated level of detail A more detailed documentation and methodology is available upon request from the Macroeconomic Account Department of the CRBES, or from the contact person.(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 The IVOPI calculation method is consistence with the calculation of annual industrial data method. IVOPI data are adjusted thought the Tramo & Seats program. 4.2.2 Temporal consistency IVOPI data series are consistence at general index level. 4.2.3 Intersectoral and cross-domain consistency As part of the review process, the movements of the industrial production indices are checked to see if they are in line with national accounts estimates and other indicators. | |||||||||||
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