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FIRST RELEASE |
CROATIAN
BUREAU OF STATISTICS ISSN 1334-0565 |
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YEAR: XLVI. |
ZAGREB, 19 FEBRUARY, 2009 |
NUMBER: 13.1.2/1. |
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OBLIGED TO NOTIFY DATA SOURCE |
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PRODUCERS' PRICE INDICES OF INDUSTRIAL PRODUCTS, JANUARY 2009
In January 2009, as compared to December 2008, the producers’ prices of industrial products decreased by 0.1% on the average, while as compared to January 2008 they increased by 1.8%.
Reviewed by the Main Industrial Groupings 2009 (MIGs 2009), in January 2009, as compared to December 2008, the prices of Durable consumer goods increased on the average by 3.6%, the prices of Capital goods by 2.1% and the prices of Intermediate goods, except energy by 0.8%. At the same time, the prices of Energy decreased by 1.9% on the average and the prices of Non-durable consumer goods by 0.6%.
Reviewed by the NKD 2002. divisions, the increase in January 2009, as compared to December 2008, was shown in the prices in the following divisions: Manufacture of computer, electronic and optical products (8.3%), Manufacture of paper and paper products (6.7%), Manufacture of textiles as well as the Manufacture of furniture (4.7%), Electricity, gas, steam and air conditioning supply (4.3%, gas prices), Manufacture of motor vehicles, trailers and semi-trailers (3.0%), Manufacture of beverages (2.5%), Manufacture of other non-metallic mineral products (2.3%), Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (2.0%), Manufacture of machinery and equipment n. e. c. (1.3%), Manufacture of fabricated metal products, except machinery and equipment (1.1%), Manufacture of basic pharmaceutical products and pharmaceutical preparations (0.8%), Other mining and quarrying (0.7%), Manufacture of wearing apparel (0.5%), Manufacture of food products (0.4%) and Manufacture of leather and related products (0.3%).
At the same time, the decrease was shown in the prices in the following divisions: Manufacture of tobacco products (-22.8%, price structure change), Manufacture of refined petroleum products (-4.5%), Extraction of crude petroleum and natural gas (-1.7%), Manufacture of rubber and plastic products (-1.5%), Manufacture of chemicals and chemical products (-1.4%), Manufacture of basic metals (-1.2%) and Manufacture of electrical equipment (-0.5%).
In the remaining three divisions of the industrial production, the prices in January 2009, as compared to December 2008, remained unchanged on the average.
1. PRODUCERS'
PRICE INDICES OF INDUSTRIAL PRODUCTS, ACCORDING TO MAIN INDUSTRIAL GROUPINGS 2009
AND NKD 2007. DIVISIONS, JANUARY 2009
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I. 2009. |
I. 2009. |
I. 2009. |
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Industrial products – total |
98,7 |
99,9 |
101,8 |
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According to main industrial groupings – MIGs 2009 |
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AE |
Energy |
94,7 |
98,1 |
99,7 |
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AI |
Intermediate goods, except energy |
98,6 |
100,8 |
101,9 |
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B |
Capital goods |
103,2 |
102,1 |
104,1 |
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CD |
Durable consumer goods |
105,4 |
103,6 |
105,8 |
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CN |
Non-durable consumer goods |
100,7 |
99,4 |
102,1 |
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According to NKD 2007. sections and divisions |
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B |
Mining and quarrying |
103,8 |
99,1 |
106,9 |
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06 |
Extraction of crude petroleum and natural gas |
103,9 |
98,3 |
107,3 |
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08 |
Other mining and quarrying |
102,0 |
100,7 |
104,0 |
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C |
Manufacturing |
96,2 |
99,6 |
98,9 |
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10 |
Manufacture of food products |
99,7 |
100,4 |
101,3 |
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11 |
Manufacture of beverages |
103,9 |
102,5 |
105,9 |
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12 |
Manufacture of tobacco products |
77,5 |
77,2 |
77,8 |
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13 |
Manufacture of textiles |
105,1 |
104,7 |
101,4 |
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14 |
Manufacture of wearing apparel |
101,8 |
100,5 |
103,4 |
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15 |
Manufacture of leather and related products |
101,4 |
100,3 |
100,7 |
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16 |
Manufacture of wood and of products of wood
and cork, except furniture; |
103,0 |
102,0 |
103,2 |
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17 |
Manufacture of paper and paper products |
106,8 |
106,7 |
107,4 |
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19 |
Manufacture of coke and refined petroleum products |
68,9 |
95,5 |
74,9 |
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20 |
Manufacture of chemicals and chemical products |
97,5 |
98,6 |
105,6 |
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21 |
Manufacture of basic pharmaceutical products and pharmaceutical preparations |
100,8 |
100,8 |
100,8 |
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22 |
Manufacture of rubber and plastic products |
97,5 |
98,5 |
98,9 |
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23 |
Manufacture of other non-metallic mineral products |
103,5 |
102,3 |
106,6 |
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24 |
Manufacture of basic metals |
92,4 |
98,8 |
106,7 |
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25 |
Manufacture of fabricated metal products, except machinery and equipment |
101,2 |
101,1 |
107,4 |
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26 |
Manufacture of computer, electronic and optical products |
111,9 |
108,3 |
110,1 |
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27 |
Manufacture of electrical equipment |
97,7 |
99,5 |
97,0 |
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28 |
Manufacture of machinery and equipment n. e. c. |
101,8 |
101,3 |
100,2 |
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29 |
Manufacture of motor vehicles, trailers and semi-trailers |
102,8 |
103,0 |
101,8 |
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30 |
Manufacture of other transport equipment |
102,5 |
100,0 |
96,9 |
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31 |
Manufacture of furniture |
106,7 |
104,7 |
107,1 |
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32 |
Other manufacturing |
104,8 |
100,0 |
118,3 |
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D |
Electricity, gas steam and air conditioning supply |
111,4 |
104,3 |
118,5 |
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35 |
Electricity, gas, steam and air conditioning supply |
111,4 |
104,3 |
118,5 |
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E |
Water supply; sewerage, waste management and remediation activities |
101,8 |
100,0 |
102,2 |
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36 |
Water collection, treatment and supply |
101,8 |
100,0 |
102,2 |
NOTES ON METHODOLOGY
Definition
Producers’ prices of industrial products are either prices at which a producer sells its products at the domestic market in the largest quantities, loaded free on rail (truck) at factory gate at the location of a producer or a price charged to another company by a producer. The selling price is increased for the amount of the compensation obtained by the seller, and deducted for the amount of the discount, rebate, value added tax and excises.
Classification and coverage
Since January 2009, producers’ prices of industrial products have been collected according to the Nomenclature of Industrial Products (NIP 2008.) and the NKD 2007. in such a way that selected legal entities submit them on the monthly basis for selected products from the NKD 2007. sections B, C, D and E.
On 1 January 2008, the 2007 version of the National Classification of Activities – NKD 2007. (NN, Nos. 58/07 and 72/07) entered into force. It was first implemented in registers and since January 2009 in this statistical survey as well.
Producers’ price indices of industrial products by months for 2008 have been recalculated according to the NKD 2007. with the implementation of the NIP 2008. and MIGs 2009.
Data on indices for previous years will be recalculated as well by using the same principle. They will be reduced to the year 2005 (a base year for indices).
For monitoring purposes, the most important products have been selected from each group, that is, products with the highest sale on the domestic market. Legal entities are selected according to their share in the production of individual products.
Prices are monitored in 577 legal entities and for 340 industrial products. Some 1 164 observations are done every month.
Weights
Since January 2009, a structure based on sales value at the group level taken from the 2007 Annual Industry Report (IND-21 form), has been applied.
The weighting system is changed every five years, while weights are partly corrected every year, in relation to changes in prices.
Index calculation
Individual indices for each representative product are calculated from data on prices by dividing prices of a current period by prices of a base period (December of a previous year).
Aggregate indices, that is, indices of a group, division, section, subsection and the total index, are calculated by a weighted arithmetic mean from individual indices according to the modified Laspeyres formula:
Whereby:
I is an index of a group, division, section, subsection and the total index
Pn is a price in a current period (month)
Po is a price in a base period
Wo is a relative sale structure in a base period.
Abbreviations
MIGs Main Industrial Groupings
n.e.c. not elsewhere classified
NIP Nomenclature of Industrial Products
NKD 2007. National Classification of Activities, 2007 version