FIRST RELEASE

CROATIAN BUREAU OF STATISTICS
10000 ZAGREB, ILICA 3, PHONE: +385 1 4806-111, P.O.B. 80, CROATIA

ISSN 1334-0565

 

YEAR: XLV.

ZAGREB, 29 APRIL, 2008

NUMBER: 2.1.2/3.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

STOCK INDICES OF INDUSTRIAL FINAL PRODUCTS, MARCH 2008
First Results

 

At the end of March 2008, the producers' stocks of industrial finished products in the total industry were by 1.1% lower than stocks of industrial finished products at the end of February 2008, by 0.2% higher than stocks of industrial finished products at the end of March 2007, while they were by 5.5% higher than the average producers' stocks of industrial finished products in 2007.

 

According to the MIGs 2001 aggregation, producers' stocks of finished industrial Intermediate goods at the end of March 2008 increased by 4.5%, those of Energy increased by 4.2%, those of Capital goods decreased by 4.0%, those of Durable consumer goods were by 7.8% higher and those of Non-durable consumer goods were by 5.6% lower, all compared to producers’ stocks of industrial finished products at the end of February 2008.
Comparing the MIGs 2001 aggregates at the end of March 2008 with those in the same month of the previous year; stocks of finished Intermediate goods were by 2.2% lower, stocks of Energy were by 3.2% higher, stocks of Capital goods were by 24.4% higher, stocks of Durable consumer goods were by 21.3% higher and stocks of Non-durable consumer goods were by 1.4% lower, all compared to producers’ stocks of industrial finished products at the end of March 2007.

 

According to the NKD 2002. sections, at the end of March 2008, the producers' stocks of industrial finished products in section C Mining and quarrying were by 0.1% lower than stocks of industrial finished products at the end of February 2008, by 7.4% higher than stocks of industrial finished products at the end of March 2007 and by 9.1% higher than the average producers' stocks of industrial finished products in 2007. At the end of March 2008, in section D Manufacturing, the producers' stocks of industrial finished products were by 1.1% lower than stocks of industrial finished products at the end of February 2008, by 0.2% lower than stocks of industrial finished products at the end of March 2007 and by 5.3% higher than the average producers' stocks of industrial finished products in 2007.

 

1.   PRODUCERS’ STOCK VOLUME INDICES OF FINISHED PRODUCTS, ACCORDING TO MIGs 2001 AND NKD 2002. SECTIONS AND
      DIVISIONS, MARCH 2008

 

 

 

Structure
2007.

III. 2008.
Æ 2007.

III. 2008.
II. 2008.

III. 2008.
III. 2007.

 
 

 

 

 

 

 

Total

100,00

105,5

98,9

100,2

According to main industrial groupings − MIGs 2001

 

 

 

 

AI      Intermediate goods

34,52

104,1

104,5

97,8

AE     Energy

7,88

117,5

104,2

103,2

B       Capital goods

3,87

113,2

96,0

124,4

CD     Durable consumer goods

2,95

119,2

107,8

121,3

CN     Non-durable consumer goods

50,78

103,1

94,4

98,6

 

 

 

 

 

 

 

According to NKD 2002. sections and divisions

 

 

 

 

 

 

 

 

 

 

 

C         Mining and quarrying

4,82

109,1

99,9

107,4

 

     11  Extraction of crude petroleum and natural gas; service
          activities incidental to oil and gas extraction, excluding
          surveying

1,35

98,1

104,2

101,3

 

     14  Other mining and quarrying

3,47

113,4

98,5

109,6

 

 

 

 

 

 

 

D         Manufacturing

95,18

105,3

98,9

99,8

 

     15  Manufacture of food products and beverages

32,82

106,0

92,5

98,6

 

     16   Manufacture of tobacco products

2,54

88,3

98,6

78,7

 

     17  Manufacture of textiles

2,49

103,9

118,8

99,6

 

     18  Manufacture of wearing apparel; dressing and
          dyeing of fur

3,18

106,9

102,1

110,0

 

     19  Tanning and dressing of leather, manufacture of
          luggage, handbags, saddlery, harness and
          footwear

0,83

120,5

105,3

127,6

 

     20  Manufacture of wood and of products of wood
          and cork, except furniture; manufacture of articles
          of straw and plaiting materials

5,39

121,8

105,4

122,9

 

     21  Manufacture of pulp, paper and paper products

1,10

111,7

105,9

107,7

 

     22  Publishing, printing and reproduction of recorded
          media

0,38

83,2

94,5

78,5

 

     23  Manufacture of coke, refined petroleum products
          and nuclear fuel

6,53

121,6

104,2

103,4

 

     24  Manufacture of chemicals and chemical products

16,90

88,0

98,2

78,9

 

     25  Manufacture of rubber and plastic products

1,62

112,1

101,5

113,5

 

     26  Manufacture of other non-metallic mineral products

9,89

104,4

103,9

103,9

 

     27  Manufacture of basic metals

1,41

126,4

112,1

148,2

 

     28  Manufacture of fabricated metal products, except
          machinery and equipment

2,90

127,8

107,5

143,7

 

     29  Manufacture of machinery and equipment n.e.c.

2,06

109,4

101,6

113,3

 

      30  Manufacture of office  machinery and computers

0,01

93,4

108,1

88,0

 

     31  Manufacture of electrical machinery and apparatus n.e.c.

2,08

95,5

98,6

101,7

 

     32  Manufacture of radio, television and communication
          equipment and apparatus

0,13

94,2

100,2

101,1

 

     33 Manufacture of medical, precision and optical
          instruments, watches and clocks

0,63

77,5

82,7

73,8

 

     34  Manufacture of motor vehicles, trailers and semi-trailers

0,20

159,3

78,1

132,8

 

     35  Manufacture of other transport equipment

0,08

53,0

46,4

36,9

 

     36  Manufacture of furniture; manufacturing n.e.c.

1,96

118,7

107,7

121,5

 

     37  Recycling

0,05

184,9

110,1

366,1

 

METHODOLOGICAL NOTES

 

Stock indices of finished products presented in this release are calculated on the basis of data collected through the Monthly Survey on Industrial Production (IND-1/MPS form) in 2008.

 

Legal and methodological framework

 

The Monthly Survey on Industrial Production (IND-1/MPS form) is carried out in 2008 by the Central Bureau of Statistics together with the county statistical offices. The legal basis for the IND-1/MPS data collection is the Official Statistics Act (NN, No. 103/03).

 

Concepts and definitions used in this Survey are specified in the Statistical Standards for the Monthly Survey on Industrial Production and Persons Employed (IND-1/MPS form) published in Narodne novine No. 19/04. Concepts and definitions are in line with the EU Methodology of Short-Term Business Statistics (Theme 4, ISSN 1725-0099; European Communities, 2006).

 

Scope and coverage

 

The Survey covers enterprises and parts thereof employing at least 20 persons and performing one or several activities listed in the NKD 2002. sections C Mining and quarrying, D Manufacturing and E Electricity, gas, steam and hot water supply.

 

Reference period

 

The reference period for data collection is a calendar month. As a rule, the filled-in IND-1/MPS form must be returned to the Central Bureau of Statistics by mail 8 days after the end of the reference period.

 

Definitions and calculation method

 

Indices of producers' stock of finished products are chain volume indices of finished products as defined in the Nomenclature of Industrial Products – NIPUM 2004.

 

A finished product is every product that reached a certain level in the production process and is listed under a separate code and heading in the NIPUM 2004.

 

Calculation method1)

 

Volume stock indices of finished products for C and D sections and divisions of the NKD 2002. as well as for the total industry were calculated on the basis of data on the state of stocks of finished products at the end of the reporting month, using Laspeyres formula in the same way as for the production indices. Stock indices of finished products are calculated on the basis of data on the state of stocks of finished products according to the NIPUM 2004. and an adequate weighting coefficient.

 

 

Stock indices for the MIGs 2001 aggregates are calculated in the same way by the predominant end-use of products within the same NKD 2002. activity group. They are harmonised with the EU statistical standards.2)

 

Weighting coefficients of stocks of finished products, as defined in the NIPUM 2004. were calculated on the basis of constant prices, that is, unit values of the 2000 Industrial Annual Report (PRODCOM). They are revised every five years. Weighting coefficients used in the period from 1997 to 2001 were calculated on the basis of the 1995 Industrial Annual Report.

 

The basis for the calculation of volume indices of stocks in 2008 are the states of stocks or average annual stocks, which were calculated on the basis of twelve states of producers' stocks of industrial finished products at the end of each month of 2007.

 

Volume indices of producers' stocks of industrial finished products presented in this Release are not seasonally adjusted or working days adjusted, which must be taken into account in the interpretation of the results.

 

Special notes to users

 

MIGs 2001 definitions were published in the Monthly Report No. 2/2006 of the Central Bureau of Statistics as well as in the First Release No. 2.1.3./1., entitled Industrial Production Volume Indices – Seasonally Adjusted Time Series and Trend Indices, January 2006, which were issued on 8 March 2006.

 

 

1)  Additional information are available in the Studies and Analyses – Short- Term Indicators on Industry, No. 85, Zagreb, 1999, CBS.

2)   Commission Regulation (EC) No. 586/2001 of 26 March 2001 on Implementing Council Regulation (EC) No. 1165/98 concerning short-term statistics as regards the      definition of Main Industrial Groupings (MIG)

 

 

Abbreviations

 

n.e.c.             not elsewhere classified

CBS               Central Bureau of Statistics

MIGs 2001    Main Industrial Groupings, 2001 version

NKD 2002.    National Classification of Activities, 2002 version

NN                 Narodne novine, official gazette of the Republic of Croatia