Output prices increase by 1.8 % in the services sector
In the third quarter of 2018, output prices for services have increased by 1.8 % compared to the same quarter the year before.
The sectors with the largest positive impact on this increase are the Nace 5020 - Sea and coastal freight water transport, 5110 - Passenger air transport and 4940 - Freight transport by road and removal services.
A negative contribution to inflation was registered for the Nace 6100 - Telecommunications.
|1st quarter||2nd quarter||3th quarter||4th quarter||Year|
|Services - Total*|
|*: estimates until the first quarter of 2013|
Purpose and brief description
As the sector of services is steadily gaining importance compared to the sector of industry, an output price index for services was added to the European Regulation concerning short-term statistics. This new index will be calculated on a quarterly basis by Statistics Belgium.
The output price index for services is currently measuring the change in prices with services companies from such branches as transport, information services and telecommunication. The field will be extended progressively, eventually to cover almost the full economic range of the services sector
Results available 3 months after the reference period