Short-term business statistics
Encyclopedia
Short-term business statistics (STS) are economic statistics
published by Eurostat
, the European Commission
's statistical office. They cover the single countries of the European Union
and provide aggregated results for the euro area and the EU.
Short-term business statistics provide information on the economic development of four major domains: industry, construction, retail trade and other services. These domains are defined in relation to a classification of economic activities, the NACE Rev.2 (Statistical Classification of Economic Activities in the European Community
, second revision).
For the four domains the following variables are reported (most on a monthly, some on a quarterly basis):
The legal base for the European short-term business statistics is Regulation EC No 1165/98 , as amended by Regulation EC No 1158/2005
and further implementing and amending regulations.
Economic statistics
Economic statistics is a topic in applied statistics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is also common to call the data themselves 'economic statistics', but for this usage see economic data. The data of concern to economic ...
published by Eurostat
Eurostat
Eurostat is a Directorate-General of the European Commission located in Luxembourg. Its main responsibilities are to provide the European Union with statistical information at European level and to promote the integration of statistical methods across the Member States of the European Union,...
, the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
's statistical office. They cover the single countries of the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
and provide aggregated results for the euro area and the EU.
Short-term business statistics provide information on the economic development of four major domains: industry, construction, retail trade and other services. These domains are defined in relation to a classification of economic activities, the NACE Rev.2 (Statistical Classification of Economic Activities in the European Community
Statistical classification of economic activities in the European Community
The Statistical Classification of Economic Activities in the European Community , commonly referred to as NACE, is a European industry standard classification system consisting of a 6 digit code.NACE is similar in function to the SIC and NAICS systems:*Standard Industrial...
, second revision).
For the four domains the following variables are reported (most on a monthly, some on a quarterly basis):
- Industry: Production, turnover (domestic and non-domestic), new orders (domestic and non-domestic), number of persons employed, hours worked, gross wages and salaries, output prices (domestic and non-domestic), import prices.
- Construction: Production (total, of buildings and of civil engineering), number of persons employed, hours worked, gross wages and salaries, construction costs (material costs, wage costs), construction permits.
- Retail trade and repair: Turnover, retail trade volume, number of persons employed.
- Other services: Turnover, number of persons employed, output prices.
The legal base for the European short-term business statistics is Regulation EC No 1165/98 , as amended by Regulation EC No 1158/2005
and further implementing and amending regulations.