Output prices increase in the services sector
In the first quarter of 2020, output prices for services have increased by 1.8 % compared to the same quarter the year before.
The sectors with the largest upward effect on this increase are:
Nace 6200 - Computer programming, consultancy and related activities
Nace 5020 - Sea and coastal freight water transport
Nace 4941 - Freight transport by road
The largest downward effect on inflation was registered for the sector Nace 6100 - Telecommunications.
|1st quarter||2nd quarter||3th quarter||4th quarter||Year|
|Services - Total*|
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 Statbel.
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