Turnover index Industry - Prodcom

Industrial turnover index: June 2020

Economic indicators
Turnover index Industry – Prodcom

In June 2020, the lockdown easing measures had a positive impact on the seasonally adjusted industrial turnover index which registers a 3.9 % increase compared to May 2020. The calendar adjusted index reflects a decrease of 19.1 % compared to June 2019. So compared to last year, June also registers a sharp decrease of the economic activity due to the Covid-19 pandemic.

The results for June 2020 are provisional. Rather significant revisions have been carried out in various sectors for April and May, due to the late receipt of some declarations in view of the current situation.

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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 111,8 110,6 109,6 82,0 88,9 101,2            

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 109,9 112,9 109,4 81,1 91,2 101,3            

Seasonally adjusted index (2010=100)

Industrial turnover index Jan Feb March April May June July Aug Sept Oct Nov Dec
Year 2017 103,8 107,3 107,9 110,0 108,3 106,6 110,1 108,4 107,0 108,7 109,7 111,8
Year 2018 112,9 108,3 111,3 111,3 113,7 112,3 113,7 115,5 112,7 113,4 112,2 110,8
Year 2019 114,4 114,1 116,4 120,8 118,2 117,8 113,1 114,5 113,8 111,9 117,1 115,5
Year 2020 114,3 116,3 102,1 82,7 91,7 95,3            
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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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