Monday, May 14, 2007

Wholesale Clothes

The wholesale clothes industry in the US and known to be based in LA California. Since most imports come from Eastern Asia, primarily china, the proximity to LA port made the apparel district in downtown LA and the largest apparel district in the US.

According to http://unstats.un.org/unsd/nationalaccount/sna/sna15-en.htm
The economic crisis in Asia in 1997 has created a demand for short-term economic indicators among other economic and financial data to monitor more closely the economy. Quarterly accounts have become one of the focuses of the program of statistical development and improvement in the ASEAN region, which includes ten member countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, The Philippines, Singapore, Thailand and Vietnam. Many workshops and training sessions on annual and quarterly accounts and related statistics have been carried out by the Asian Development Bank, IMF and by the UNSD within the framework of the UN Statistical Development Account. The table below summarizes some of the features of quarterly accounts in ASEAN countries.

Year QA started
Types of statistics compiled
Time lag of release
Seasonal adjustment
Benchmarking
Brunei
Not yet
-
-
-
-
Cambodia
Not yet
-
-
-
-
Indonesia
1968
GDP by economic activities and final expenditures
2 months
Yes (only adjusted is released)
Denton method
Laos
Not yet
-
-
-
-
Malaysia
1999
GDP by economic activities and final expenditures, GNI
2 months
No
Denton method
Myanmar
Not yet
-
-
-
-
The Philippines
1981
GDP by economic activities and final expenditures
2 months
Yes (both adjusted and unadjusted are released)
Pro-rata method
Singapore
1974
GDP by economic activities and final expenditures, GNI, net current transactions with ROW, net lending/borrowing
1.5 months
Yes (both adjusted and unadjusted are released)
Generalized least square
Thailand
1998
GDP by economic activities and final expenditures
2.75 months
Yes (only adjusted is released)
Denton method
Vietnam
1999
GDP by economic activities
only 5-10 days
No
Bassie method
Data for quarterly accounts come from administrative sources, and sample surveys. Singapore as a small city-state is able to implement sample surveys on all manufacturing industries and construction. The Philippines and Malaysia use sample surveys only on large corporations. Indonesia and Vietnam have surveys on a much wider spectrum of activities. Other proxies like employment and electricity use, etc. are also heavily used in extrapolation. For countries without surveys on unincorporated enterprises, the data of the corporations are blown up by a given percentage in order to capture the unincorporated activities.
Countries in the region that have recently compiled quarterly accounts have greatly benefited from exchanges in workshops or through study tours to more experienced countries like The Philippines and Indonesia.



Explanatory note
Wholesaling services by commission agents, commodity brokers, auctioneers and other wholesale providers who trade on behalf of others, of textiles, clothing and footwear. (Goods classified in CPC 26-28, 293-296.)