30.5.2008 Official Journal of the European Union L 140/5 COMMISSION REGULATION (EC) No 472/2008 of 29 May 2008 implementing Council Regulation (EC) No 1165/98 concerning short-term statistics as regards the first base year to be applied for time series in NACE Revision 2 and, for time series prior to 2009 to be transmitted according to NACE Revision 2, the level of detail, the form, the first reference period, and the reference period (Text with EEA relevance) 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 17(k) and (I) thereof, Whereas: (1) Regulation (EC) No 1165/98 establishes a common framework  for the production of short-term Community statistics on the business cycle. The scope of these statistics is defined by reference to Council Regu- lation (EEC) No 3037/90 of 9 October 1990 on the statistical classification of economic activities in the European Community (NACE Rev. 1) (3). (2)  Pursuant to Regulation (EC) No 18932006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classifi- cation of economic activities NACE Revision 2 and amending Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains, short-term statistics governed by Regulation (EC) No 1165/98 shall be produced in accordance with NACE Rev. 2 from 1 January 2009 onwards. (3)  According to Article 17(k) and (l) of Regulation (EC) No 1165/98, it is necessary to determine the first base year to be applied for time series in NACE Rev. 2 and, for () OJ L 162, 5.6.1998, p. 1. Regulation as last amended by Regulation (EC) No 1893/2006 of the European Parliament and of the Council (O] L 393, 30.12.2006, p. 1). (® OJ L 293, 24.10.1990, p. 1. Regulation as last amended by Regu- lation (EC) No 1893/2006. time series prior to 2009 to be transmitted according to NACE Rev. 2, the level of detail, the form, the first reference period, and the reference period. (4)  The measures provided for in this Regulation are in accordance with the opinion of the Statistical Programme Committee, HAS ADOPTED THIS REGULATION: Article 1 The first base year to be applied for short-term statistics governed by Regulation (EC) No 1165/98 and produced in accordance with NACE Rev. 2, shall be 2005 (2006 for D-310). Article 2 1. The specific requirements concerning the level of detail, the form, the first reference period, and the reference period for time series prior to 2009 to be transmitted according to NACE Rev. 2, shall be as set out in the Annex. 2. The time series compiled according to the requirements referred to in paragraph 1 shall be transmitted to the Commission (Eurostat) as follows: (a) in the case of monthly variables, not later than the corre- sponding data referring to January 2009; (b) in the case of quarterly data, not later than the corre- sponding data referring to the first quarter of 2009.