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NSCB Resolution No. 7
Series of 2009

APPROVING AND ADOPTING THE OFFICIAL CONCEPTS AND DEFINITIONS FOR STATISTICAL PURPOSES OF WHOLESALE AND RETAIL TRADE AND THE METHODOLOGY IN COMPUTING WHOLESALE TRADE SALES INDEX AND RETAIL TRADE SALES INDEX

WHEREAS, Executive Order No. 121 mandated the NSCB to prescribe standard concepts and definitions to ensure harmonization and comparability in the generation of official statistics in the country for national and subnational development planning;

WHEREAS, the prescription of standard concepts and definitions for statistical purposes would allow for comparability of statistics across national and international boundaries;

WHEREAS, the wholesale and retail trade sector accounted for an average of about 15.4 percent of the Philippine economy from 2001 to 2008;

WHEREAS, during the Meeting of the Experts’ Group on Distributive Trade Statistics organized by the United Nations Statistics Division held on 22-25 August 2005, the group recommended the development of trade indices for proper monitoring of domestic trade activities;

WHEREAS, there is a need to develop definitions of wholesale and retail trade to facilitate the collection of data in the sector and to generate estimates of trade indices;

WHEREAS, the Wholesale Trade Sales Index and the Retail Trade Sales Index are envisioned to serve as indicators in monitoring the contribution of the trade sector in the Philippine Economy;

WHEREAS, the Interagency Committee on Trade Statistics (IACTrS) created the Task Force on Wholesale and Retail Trade Indices (TF-WRTI) to formulate official definitions of wholesale and retail trade as well as develop a methodology to generate estimates of the trade indices for proper monitoring of the domestic trade activities; 

WHEREAS, the NSCB Technical Staff and the TF-WRTI have studied and evaluated definitions, studied different methods of computing trade sales indices and different country practices, and submitted the same to the IACTrS for review and endorsement to the Board;

WHEREAS, after thorough review, the IACTrS is recommending for approval of the Board the official concepts and definitions of wholesale and retail trade and the methodology in computing wholesale trade sales index and retail trade sales index;

NOW, THEREFORE, BE IT RESOLVED AS IT IS HEREBY RESOLVED, that the Board approve the official concepts and definitions of wholesale and retail trade (Annex BR-07-2009-01a); the metadata (Annex BR-07-2009-01b); and the estimation methodology for the wholesale trade sales index and retail trade sales index using the Laspeyres Method (Annex BR-07-2009-02), for adoption by all concerned government agencies.

BE IT RESOLVED FURTHER, that:

  1. the National Statistics Office (NSO) together with the IACTrS revisit the use of average quarterly sales of the Quarterly Survey of Philippine Business and Industry (QSPBI) as benchmark estimates;

  2. in the dissemination aspect, the NSO highlight that the computation of the index is based on the trend of large establishments;  and

  3. the NSO undertake necessary activities for institutionalizing the generation of the wholesale trade sales index and retail trade sales index.

 

Approved this 11th day of March 2009, in Pasig City.

  

Attested by:

 

ROMULO A. VIROLA
Secretary General

 

Attachment Size
PDF Annex BR-07-2009-01a 19.23 KB
PDF Annex BR-07-2009-01b 15.53 KB
PDF Annex BR-07-2009-02 22.41 KB