Business statistics: A new approach
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It's a new way of compiling business data. Statistics Canada has initiated a major change in the way that it produces economic statistics. The Integrated Business Statistics Program (IBSP), launched in 2010, harmonizes the methods, practices and processes used by the agency's economic survey programs to ensure continued data coherence and quality.
Currently, the IBSP encompasses 60 surveys covering manufacturing, wholesale and retail trade, services (including culture), aquaculture and capital expenditures. By 2019/2020, it will be expanded to include roughly 150 economic surveys covering all sectors of economic statistics.
One of the objectives is to reduce the burden for survey respondents through increased use of administrative data and electronic questionnaires. As well, the adoption of common sampling, collection and processing methodologies has increased program efficiencies and reduced operational costs. Most importantly, with a robust infrastructure and innovative survey methodologies, the IBSP has ensured that Statistics Canada will continue to produce the best quality data possible.
To implement this important initiative, Statistics Canada is taking all the necessary steps to complete the final data and system verifications. The annual economic statistics are usually available approximately 15 months after the reference period, but the major transformation produced by the IBSP made it impossible to maintain this release schedule. Statistics Canada is committed to releasing the data as soon as possible, once all quality assurance and confidentiality checks have been completed.
To learn more about IBSP and how it facilitates a more integrated approach to economic surveys at Statistics Canada, consult The Integrated Business Statistics Program Summary in the Behind the data feature of our website.
The publication Integrated Business Statistics Program Overview (68-515-X) is now available from the Browse by key resource module of our website under Publications.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; email@example.com) or Media Relations (613-951-4636; firstname.lastname@example.org).
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