Industry, Commerce and Services contains information on a wide range of activity indicators (available either on a monthly or quarterly basis) such as production, turnover, output prices, new orders and labour utilisation and remuneration. This heading covers indicator activities on industry, construction and retail trade. Data are broken down according to both NACE Rev.2 (Statistical Classification of Economic Activities in the European Community) and MIGS (Main Industrial Groupings) classifications.
Data are compiled on the basis of the fixed base year Laspeyres formula. The current base year 2005=100. Percentage changes to display the temporal dynamic of each aggregate are also available.
Data are presented both as non-seasonally adjusted and seasonally adjusted. A trading day correction is also used for some variables, such as the industrial production index. Seasonally adjusted data produced by Member States are presented here whenever available. Otherwise, data are seasonally adjusted by Eurostat using the TRAMO/SEATS method. European aggregates are compiled by aggregating non-seasonally adjusted data. Seasonally adjusted data are obtained by direct seasonal adjustment of the total. Moreover, energy statistics and some auxiliary indicators are also presented. Learn more.
Figures presented in this section are extensively used in business cycle analysis. In particular, the industrial production index has, for many years, been the reference series for the cyclical assessment and turning point dating and detection. Moreover several variables of this dataset are very useful in the calculation of leading indicators and to anticipate future movements of the economy due to their leading capacity. Examples of such variables are the new orders index or the index of building permits. Finally, this dataset is also used in the compilation of macroeconomic statistics, such as the quarterly national accounts.
For more information about data availability and methodology of calculation contact us.
