Producer price indices for services

Producer: Statistics Finland
Homepage: http://www.stat.fi/til/pthi/index_en.html
Main topic: Prices and Costs
Related topics: National AccountsTransport and TourismServicesEnterprises
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes

Description

Producer price index for services describes the price development in business services provided by enterprises to other enterprises and the public sector.

Data content

The industry-specific indices of the Producer price index for services describe the average price development of service activities. The total index currently covers about 60 per cent of the market services. The service industries excluded from the overall index are wholesale and retail trade activities and financial and insurance activities. Statistics Finland will enlarge the coverage of total index by developing indices for new services industries.

The Producer price index for services is compiled on product basis. The index describes development in the prices of certain types of services irrespective of the main industry of the producing enterprise. If a service enterprise also produces goods, its goods production is excluded from the scope of the description of the Producer price index for services. On the other hand, an enterprise that mainly produces industrial goods may also produce services in which case its services production is included in scope of the description of the Producer price index for services.

The indices are calculated from information collected from data supplier enterprises about the services they offer and their prices, enterprise turnover and its breakdown between different groups of services. Confidentiality is taken into account when releasing the data; it is not possible to identify from the results information or development concerning an individual enterprise. Apart from the data collected direct, price data or point figures from Statistics Finland’s other statistics, such as the Consumer Price Index are also utilised in calculating the Producer price indices for services.

Classifications used

Industries are classified according to the national Standard Industrial Classification TOL 2008, confirmed by Statistics Finland and based on the common industrial classification of the European Union, or NACE Rev. 2. Where possible, the services of individual industries are grouped into main categories in accordance with the CPA classification, which is the EU’s classification of goods and services. If necessary, enterprise-specific product classifications are used within the CPA product categories of individual services.

Data collection methods and data sources

Data collection from enterprises, other price statistics.

Data collections

Updating frequency

Quarterly statistics.

Time of completion or release

Indices are published on the 24th day or the following weekday to it of the month following the end of the statistical reference quarter.

Time series

The current base year for the published indices is 2010=100. Lengths of the times series vary by industry.

Keywords

indices, industries, price indices, producer price index for services, producer prices, services

Contact information

http://tilastokeskus.fi/til/pthi/yht_en.html


Last updated 02.01.2014

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