1. Short-term business statistics (STS)
Presentation to user network 26 January 2010
Brian Newson, Head of Unit G-3
26 January 2010
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2. Coverage of Short-term business statistics
26 January 2010
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3. STS publications STS are 8/19 PEEIs, so Euro-indicators
60 News releases (5 indicators monthly)
4 Quarterly Panorama of European Business
6 Statistics in Focus per year
Dedicated section contains lots of background information on regulations, sources and methods, etc.
26 January 2010
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4. STS especially interesting in recession
26 January 2010
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5. STS Statistics in focus on recession
Recession in the EU: output measures
Economic downturn in the EU: the impact on employment in the business economy
Economic downturn in the EU: the impact on retail trade
Recession in the EU: length and depth of the downturn varies across activities and countries.
26 January 2010
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6. STS changeover to NACE rev 2
In 2009 STS changed over successfully to NACE rev 2 and 2005=100
April 2009 for monthly series
June 2009 quarterly series
New series back casted to “at least 2000”
Old series (rev 1 and 2000=100) discontinued
26 January 2010
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7. Your questions: 1. price indices for contracts ?
“Short-term statistics and the issue of contract prices in the context of NACE rev 1.1 to NACE rev 2 change. The question has arisen several times in the last two months and can be a potential legal minefield. How do we overcome this ?”
My answer:
Problem for the companies, not Eurostat.
They should identify new NACE rev 2 series and renegotiate contracts.
Even series with same name do not have same development because of new 2005 weights.
26 January 2010
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8. Your questions: 2. STS to project SBS ?
“Validity of use of STS index data as an aid to estimating business performance when the basis is SBS data. With SBS data complete to end 2007 and users wanting to project industry performance ahead through 2008 and 2009 how can they use STS index data to do this reliably - or should they do it at all given that the series are based on NACE rev 1.1 and rev 2 ?”
26 January 2010
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9. My answer 2. STS to project SBS ?
In principle, STS might seem like a monthly (or quarterly) series for a subset of SBS indicators.
In practice SBS reflects changes in enterprise structure and classification from one year to another, whereas STS tries to minimise these (graphs next slide)
Adoption of NACE rev 2 in SBS from 2008 onwards introduces a complete break in SBS series.
Eurostat hopes to have data back to 2005 in 2012
Therefore we recommend STS for historical dynamics and SBS for detailed snapshot of the business economy.
26 January 2010
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10. 26 January 2010
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11. Finally, my question to you….
From your experience, what do you suggest we can do to improve the service we give in STS indicators ?
26 January 2010
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