Methodological recommendations for the calculation of industrial production index (materials of the CIS Statistical Committee)

Methodological recommendations address theoretical principles of IIP (formula, system of weights and index coverage) and of features of IIP information and methodological support. Algorithm for computing the index is based on the application of two methods - direct aggregation method and deflation method. Direct aggregation method involves using data on changes in the volume of products in quantity (for products that are homogeneous and their quality remains constant over time, for example, in mining) or labor costs (man-hours worked on products with long production cycle). Deflation method should rather be used for calculating IIP by economic activity, related to the production of products with different natural units of measurement (i.e., when output of the overall products in question for the current period can be expressed in terms of cost - at actual prices), then the corresponding producer price indices are used as deflators. This article provides practical basis for IIP calculating: an algorithm for estimating the index, additional calculations and adjustments, methods for formation of a number of indices and inclusion (replacement) of products within the index. The approaches to the elimination of seasonal fluctuations are described along with software products used for this purpose; as well as international standards for dissemination and revision of data. This document is based on «International Guidelines for the industrial production index» - International Recommendations for the Index of Industrial Production - and is adjusted for statistical accounting of the industry of the CIS countries.

индекс промышленного производства (ИПП), метод дефлятирования, метод прямого агрегирования, сцепление индексных рядов, включение новыx и замена старыx продуктов в ИПП, сезонность, распространение данныx, пересмотр данных, industrial production index, deflation method, direct aggregation method, linkage of time series, replacement of old and inclusion (adding) new products in the IIP, seasonality, data dissemination, data revision