Short-Term Statistics - STS

Industrial and service producer price indices, industrial production, industrial new orders, industrial turnover, service turnover and retail sales  data are published by the European Commission (Eurostat). Euro area results are obtained by aggregating data for individual countries compiled by national statistical authorities. They are broken down following the classification of economic activities in the EU (NACE) and by the Main Industrial Groupings (MIGS) derived from it.

Industrial producer prices  reflect the ex-factory-gate prices (transportation costs are not included) of all products sold by industry excluding construction on the domestic markets of the euro area countries, excluding imports. They include indirect taxes except VAT and other deductible taxes.  Service producer price indices  and c onstruction output price indices  follow the same concept, reflecting the development of the prices finally received by the service providers and construction companies.

Industrial production  reflects the volume growth of value added of the industries concerned.

Industrial new orders  measure the orders received during the reference period and cover industries working mainly on the basis of orders – in particular textile, pulp and paper, chemical, metal, capital goods and durable consumer goods industries. The data are calculated on the basis of current prices. The legal obligation for the EU members to compile such indices ceased in 2012. Since then, the ECB had published an estimate for euro area new orders, based on actual data for new orders for a limited set of countries still producing these indicators, survey data and turnover data. With an ever declining number of countries providing new orders data, leaving only three of them in mid-2021, the ECB stopped producing the estimate with publication of September 2021 data.

Indices for turnover in industry, services and for the retail trade  measure the turnover, including all duties and taxes with the exception of VAT, invoiced during the reference period. Retail trade turnover covers all retail trade excluding sales of motor vehicles and motorcycles, and except repairs.

Unemployment rates  published by the European Commission (Eurostat) and conform to International Labour Organisation (ILO) guidelines. They refer to persons actively seeking work as a share of the labour force, using harmonised criteria and definitions.  Please note that since December 2020 the dataset is published under the Labour Force Survey Indicators (LFSI) naming convention. Please refer to the mapping between discontinued STS series and the LFSI codes for more information.

The  labour cost indices  are published by the European Commission (Eurostat) and national statistical authorities and measure the changes in labour costs per hour worked in industry (including construction) and market services. A breakdown of hourly labour costs for the euro area is available by labour cost component (wages and salaries, other labour costs) and by economic activity (NACE sections).

The  new passenger cars data  for euro area are seasonally and working day adjusted by the ECB based on data compiled by ACEA (the European Automobile Manufacturers Association). New passenger car registrations cover registrations of both private and commercial passenger cars.