What data are produced by QIRI?
The QIRI provides new sub-annual information to help monitor, on a timely basis, the performance of a subset of service industries. The focus of the program is on the tracking of the current trend of the production activity in these service industries and on the short-term evolution of operating revenue. Therefore the primary output of the program consists of quarter-to-quarter movements. Given this emphasis on movements, and specially the identification of turning points, it was decided to not publish levels (for revenue – the observed variable) at this time, but rather publish an index in current dollars of quarterly revenue movements with a base year of 2007. This simplifies the statistical process significantly and in particular removes the problem of possible confidentiality conflicts while allowing for the reconciliation to annual program levels to be completed at a later date.
