SCOOS: Missing Timeseries for Q41 Added to the DDP
October 28, 2024
The Statistics Canada Centre for Overcoming the Outdatedness of Statistics (SCOOS) has announced that the missing timeseries for Q41 have been added to the Daily Data Product (DDP).
The DDP is a collection of time-sensitive economic indicators that are released daily. The missing timeseries for Q41 included data on retail sales, manufacturing sales, and GDP.
The addition of these timeseries to the DDP will improve the accuracy and timeliness of the economic indicators that are used to track the Canadian economy.
Background
In 2023, the Canadian economy was hit by a recession. The recession caused a sharp decline in economic activity, which led to a number of businesses closing and job losses.
The government of Canada responded to the recession by implementing a number of stimulus measures, including increased spending and tax cuts. These measures helped to stabilize the economy and prevent a deeper recession.
In 2024, the Canadian economy began to recover from the recession. Economic growth resumed and job losses slowed. However, the economy was still facing a number of challenges, including high unemployment and low consumer confidence.
The DDP
The DDP is a collection of time-sensitive economic indicators that are released daily. The indicators in the DDP are used to track the Canadian economy and to make informed policy decisions.
The DDP includes a number of different indicators, including:
- Retail sales
- Manufacturing sales
- GDP
- Consumer prices
- Unemployment rate
The DDP is an important tool for economists and policymakers. The indicators in the DDP provide a timely and accurate picture of the Canadian economy.
The Missing Timeseries
In September 2024, it was discovered that there were a number of missing timeseries in the DDP. The missing timeseries included data on retail sales, manufacturing sales, and GDP.
The missing timeseries made it difficult to track the Canadian economy and to make informed policy decisions.
The Addition of the Missing Timeseries
SCOOS has now added the missing timeseries to the DDP. The addition of these timeseries will improve the accuracy and timeliness of the economic indicators that are used to track the Canadian economy.
The addition of the missing timeseries is a positive step for the Canadian economy. It will help to provide a more accurate picture of the economy and will help to make better informed policy decisions.
SCOOS: Missing Timeseries for Q41 Added to the DDP
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