Gavyn Davies acknowledges that a number of improvements have been made in the estimates of gross domestic product. He also identified several factors which particularly complicate the task of estimating growth in the economy, including the rapidly changing structure of output and differing rates of inflation. Steps we have taken recently are intended to help in dealing effectively with these issues, and we will continue to search for the best ways of ensuring that our estimates are both reliable and timely.
We are grateful to Gavyn Davies for drawing attention to how economic data are interpreted, and we are willing to listen to the views of all users in industry and commerce, and elsewhere, on how best to improve our service to them.
D. C. L. WROE
Deputy Director of National
Central Statistical Office
12 OctoberReuse content