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February statistics may be revised later — Russian Economy Minister

March 21, 22:58 UTC+3
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MOSCOW, March 21. /TASS/. February statistics released by the Russian statistical agency Rosstat is not representative and may be significantly revised later on, Minister of Economic Development Maxim Oreshkin told reporters on Tuesday.

"February statistics published by Rosstat is not representative because of fundamental and technical reasons. The base of the last leap year taken as the basis and transfer of additional holidays to February of this year distorted statistical data," the Minister said. Data can be substantially revised later on, Oreshkin said.

The project of Rosstat transition to a new methodology turned out to be extremely unsuccessful in technical terms and current estimates are not always based on actual reporting data, the Minister said.

"The project of Rosstat transition to the new methodology appears to be extremely unsuccessful from the technical point of view: frequent postponements of publication time occurred in the beginning of the year; current estimates are not always based on actual reporting data," Oreshkin added.

All Russian authorities changed to new classifiers since January 1, 2017: all-Russian classifier of kinds of economic activity (OKVED-2) and all-Russian classifier of products by kinds of economic activity (OKPD-2). Application of such classifiers is mandatory for preparation of Russian official statistics.

Russian classifiers were created by transfer of codes and descriptions of relevant positions from European classifiers. OKVED-2 provides codes for the economic structure and OKPD-2 provides codes for goods and services. Transition to new classifiers was initially stipulated since 2015 but was later postponed to 2017.

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