Turnover index Industry - Prodcom

Industrial turnover index: March 2020

Economic indicators
Industrial turnover index: March 2020

In March 2020, the lockdown measures due to the Covid-19 crisis had a significant impact on the industrial production. The seasonally adjusted industrial turnover index decreased by 12.5 % compared to February 2020. The calendar adjusted index reflected a decrease of 12.6 % compared to March 2019.

The results for March 2020 are provisional. As the response rate to the monthly survey is lower than usual, larger revisions of the indices can be expected over the next two months.

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Gross index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
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 110,1 104,8 119,6 107,7 113,8 119,4 108,9 108,9 113,2 122,6 116,7 103,4
Year 2019 111,7 110,6 121,4 120,1 121,8 118,0 111,6 104,7 117,8 121,0 115,0 111,1
Year 2020 111,8 110,7 109,3                  

Calendar adjusted index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
Year 2017 99,5 103,7 115,7 108,7 108,0 113,3 103,8 100,4 112,1 114,6 110,8 108,7
Year 2018 108,3 104,8 119,3 109,7 113,3 119,4 107,1 107,0 118,1 119,5 113,3 107,9
Year 2019 109,9 110,6 124,8 118,8 117,7 125,2 106,5 106,0 119,3 118,0 118,4 112,5
Year 2020 109,9 113,0 109,1                  

Seasonally adjusted index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
Year 2017 104,2 107,7 108,4 108,3 107,8 106,5 110,1 108,4 107,1 108,9 110,0 112,1
Year 2018 113,3 108,8 111,9 109,4 113,1 112,3 113,7 115,6 112,8 113,6 112,5 111,2
Year 2019 114,8 114,6 117,1 118,4 117,5 117,7 113,1 114,6 113,9 112,1 117,5 116,0
Year 2020 114,8 117,0 102,4                  
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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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