Turnover index Industry - Prodcom

Industrial turnover index: December 2018

Economic indicators
Industrial turnover index: December 2018

In December 2018, the seasonally adjusted industrial turnover index reflected a decrease of 1.0% compared to November 2018. The calendar adjusted index reflected a decrease of 0.5% compared to December 2017.

The results for December 2018 are provisional.

Following the detection and correction of errors in the declarations, the indices for 2018 have been recalculated. This explains the revisions observed compared to the previous publication.

Changes in January 2019

From January 2019 onwards, turnover indices will be expressed with reference year 2015=100.

Indices from 2012 onwards have been aggregated using the weighting scheme of 2015.

Indices for the years prior to 2012 have been expressed with reference year 2015=100 with no modification of the weighthing scheme (base year = 2010).

Indices for 2018 have also been recalculated based on microdata.

Jdemetra+ replaces Demetra 2.2 for seasonal and working day adjustments.

These changes account for the revisions that can be observed in series compared to previously published series.

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Table
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Gross index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
Year 2015 94,0 94,7 109,4 103,5 98,7 110,9 97,3 89,2 106,1 103,6 98,1 94,6
Year 2016 88,8 93,2 101,7 98,5 96,9 108,1 90,1 91,4 104,7 101,5 105,0 109,2
Year 2017 101,2 103,7 119,4 103,6 111,8 113,3 99,5 102,1 110,7 114,1 114,1 104,2
Year 2018 110,1 104,8 119,6 107,7 113,8 119,4 108,9 108,9 113,2 122,6 116,7 103,7

Calendar adjusted index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
Year 2015 95,2 94,7 109,2 102,4 104,2 107,7 95,7 90,3 104,3 104,0 98,1 93,0
Year 2016 92,6 92,4 101,5 97,5 96,5 105,0 93,9 89,9 103,0 105,0 105,0 107,4
Year 2017 99,5 103,7 115,8 108,7 108,1 113,3 103,7 100,4 112,1 114,6 110,8 108,7
Year 2018 108,3 104,8 119,3 109,7 113,3 119,4 107,1 107,0 118,1 119,6 113,3 108,1

Seasonally adjusted index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
Year 2015 100,3 99,1 102,0 101,8 103,8 101,0 101,4 97,3 99,3 98,4 97,9 96,3
Year 2016 97,5 96,7 94,8 96,9 96,1 98,6 99,5 96,9 98,1 99,4 104,6 111,1
Year 2017 104,8 108,5 108,1 108,0 107,6 106,4 109,8 108,2 106,8 108,5 110,4 112,4
Year 2018 114,0 109,7 111,4 109,1 112,8 112,1 113,4 115,3 112,5 113,2 113,0 111,9
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Purpose and brief description

It is the objective of the industrial turnover index to show the monthly evolution of the market of goods and services in the industry. It allows recording the evolution of the turnover over longer periods. The purpose of the industrial turnover index is to measure the activity of the industrial market in value. This index is not deflated. Turnover comprises the totals invoiced by the observation unit during the reference period, and this corresponds to market sales of goods or services supplied to third parties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice. Turnover excludes VAT and other similar deductible taxes directly linked to turnover as well as all duties and taxes on the goods and services invoiced by the unit. Reduction in prices rebates and discounts as well as the value of returned pacing must be deducted. Price reductions, rebates and bonuses conceded later to clients, for example at the end of the year, are not taken into account. Income classified as other operating income, financial income and extraordinary income in company accounts is excluded from turnover..

Population

Belgian local units exercising their principal economic activity in sections NACE C to E

Frequency

Monthly.

Timing publication

Results available 2 months + 15 days after the reference period

Definitions

Destination market : Total / Domestic / Non-domestic / Eurozone / Non-Eurozone

Turnover indices - Prodcom : It is the objective of the industrial turnover index to show the monthly evolution of the market of goods and services in the industry. It allows recording the evolution of the turnover over longer periods. The purpose of the industrial turnover index is to measure the activity of the industrial market in value. This index is not deflated. Turnover comprises the totals invoiced by the observation unit during the reference period, and this corresponds to market sales of goods or services supplied to third parties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice. Turnover excludes VAT and other similar deductible taxes directly linked to turnover as well as all duties and taxes on the goods and services invoiced by the unit. Reduction in prices rebates and discounts as well as the value of returned pacing must be deducted. Price reductions, rebates and bonuses conceded later to clients, for example at the end of the year, are not taken into account. Income classified as other operating income, financial income and extraordinary income in company accounts is excluded from turnover.

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