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MNI INTERVIEW: StatsCan Likely Keeping Flash GDP Estimates

(MNI) OTTAWA
OTTAWA (MNI)

Chief Statistician Anil Arora says numbers first released during the pandemic have performed well and are popular.

Statistics Canada will likely continue producing flash GDP estimates rolled out during the pandemic, so long as the data remains credible and people want the faster rough data, the head of the federal statistics agency told MNI.

Preliminary GDP figures provide a good signal of the direction and magnitude of the economy’s momentum, Chief Statistician Anil Arora said in an interview. “There’s no sense in giving somebody perfect data right after they needed it,” Arora said.

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Statistics Canada will likely continue producing flash GDP estimates rolled out during the pandemic, so long as the data remains credible and people want the faster rough data, the head of the federal statistics agency told MNI.

Preliminary GDP figures provide a good signal of the direction and magnitude of the economy’s momentum, Chief Statistician Anil Arora said in an interview. “There’s no sense in giving somebody perfect data right after they needed it,” Arora said.

Keep reading...Show less