L 86/18 Official Journal of the European Communities 27.3.2001 COMMISSION REGULATION (EC) No 588/2001 of 26 March 2001 implementing Council Regulation (EC) No 1165/98 concerning short-term statistics as regards the definition of variables THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1165/98 of 19 May 1998 concerning short-term statistics ('), and in particular Article 3 and Article 17(c) thereof, Whereas: (1) Regulation (EC) No 1165/98 established a common framework for the production of short-term Community statistics on the business cycle. 2)  In accordance with Article 17(c) of Regulation (EC) No 1165/98, implementing measures are necessary concerning the definition of variables to be provided. (3)  The measures provided for in this Regulation are in accordance with the opinion delivered by the Statistical Programme Committee, established by Council Decision 89/382/EEC, Euratom (3, HAS ADOPTED THIS REGULATION: Article 1 Definition of the variables Regulation (EC) No 1165/98 specifies in Annex A(c)(1), Annex B(c)(1), Annex C(c)(1) and Annex D(c)(1) the variables to be covered by short-term statistics. The definitions of the vari- ables, as well as the objectives, characteristics and calculation of the relevant indices, are set forth in the Annex. Article 2 Implementation of the definitions Member States shall apply the definitions set forth in the Annex for the collection of statistical data covered by Regula- tion (EC) 1165/98 not later than one year after the present Regulation enters into force. Member States shall comply with the definition of statistical data covered by Regulation (EC) 1165/98 to definitions set forth in the Annex not later than in the next revision of the base year foreseen in Article 11 of Regulation (EC) 1165/98. Member States shall, in the implementation of the definitions set forth in the Annex, take the necessary measures to assure that existing statistical data covered by Regulation (EC) 1165/ 98 will be revised by recalculation or estimation to satisfy these definitions. Results for a variable which differ by no more than 0,2 % from the results of a variable which conforms with the definitions of the variable laid down in the Annex shall be deemed conforming. Article 3 Information on conformance to the definitions Each Member State shall transmit to the Commission, at its request, any relevant information on the conformance of stat- istical data within that Member State to the definitions set forth in the Annex. Atrticle 4 Entry into force This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 26 March 2001. For the Commission Pedro SOLBES MIRA Member of the Commission