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FIRST RELEASE |
CROATIAN
BUREAU OF STATISTICS ISSN 1334-0565 |
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YEAR: XLVI. |
ZAGREB, 26 MARCH, 2009 |
NUMBER: 2.1.2/2. |
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OBLIGED TO NOTIFY DATA SOURCE |
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STOCK INDICES OF INDUSTRIAL FINAL
PRODUCTS, FEBRUARY 2009
First Results
At the end of February 2009, the producers' stocks of industrial finished products in the total industry were by 2.9% higher than stocks of industrial finished products at the end of January 2009, by 4.0% higher than stocks of industrial finished products at the end of February 2008 and by 4.1% higher than the average producers' stocks of industrial finished products in 2008.
According to the MIGs 2009. aggregates, producers' stocks of finished industrial Intermediate goods at the end of February 2009 increased by 7.3%, those of Energy by 11.4%, those of Capital goods by 3.6% and those of Durable consumer goods by 0.4%, while those of Non-durable consumer goods were by 2.1% lower, all compared to producers’ stocks of industrial finished products at the end of January 2009.
Comparing the MIGs 2009. aggregates at the end of February 2009 with those in the same month of the previous year, stocks of finished Intermediate goods were by 6.2%, stocks of Energy were by 11.8% and stocks of Capital goods by 2.6% higher, while stocks of Durable consumer goods were by 21.3% and stocks of Non-durable consumer goods by 3.4% lower, all compared to producers’ stocks of industrial finished products at the end of February 2008.
According to the NKD 2007. sections, at the end of February 2009, the producers' stocks of industrial finished products in section B Mining and quarrying were by 1.9% higher than stocks of industrial finished products at the end of January 2009, by 13.2% lower than stocks of industrial finished products at the end of February 2008 and by 14.5% lower than the average producers' stocks of industrial finished products in 2008. At the end of February 2009, in section C Manufacturing, the producers' stocks of industrial finished products were by 2.9% higher than stocks of industrial finished products at the end of January 2009, by 4.9% higher than stocks of industrial finished products at the end of February 2008 and by 5.1% higher than the average producers' stocks of industrial finished products in 2008.
1. PRODUCERS’ STOCK VOLUME INDICES OF FINISHED PRODUCTS, ACCORDING TO MIGs 2009. AND NKD 2007. SECTIONS AND DIVISIONS, FEBRUARY 2009
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Structure |
II.
2009. |
II.
2009. |
II.
2009. |
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Total industry |
100,00 |
104,1 |
102,9 |
104,0 |
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According to main industrial groupings − MIGs 2009. |
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AI Intermediate goods |
35,76 |
108,6 |
107,3 |
106,2 |
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AE Energy |
9,92 |
119,3 |
111,4 |
111,8 |
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BB Capital goods |
2,88 |
104,3 |
103,6 |
102,6 |
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CD Durable consumer goods |
2,19 |
81,8 |
100,4 |
78,7 |
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CN Non-durable consumer goods |
49,25 |
98,8 |
97,9 |
96,6 |
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According to NKD 2007. sections and divisions |
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B Mining and quarrying |
5,16 |
85,5 |
101,9 |
86,8 |
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06 Extraction of crude petroleum and natural gas |
2,76 |
97,9 |
95,9 |
106,1 |
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08 Other mining and quarrying |
2,40 |
71,3 |
113,1 |
70,7 |
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C Manufacturing |
94,84 |
105,1 |
102,9 |
104,9 |
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10 Manufacture of food products |
22,54 |
101,5 |
101,5 |
95,9 |
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11 Manufacture of beverages |
9,53 |
115,1 |
93,3 |
106,7 |
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12 Manufacture of tobacco products |
2,04 |
156,7 |
88,2 |
183,1 |
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13 Manufacture of textiles |
1,66 |
119,1 |
87,3 |
126,3 |
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14 Manufacture of wearing apparel |
3,41 |
92,5 |
100,0 |
96,9 |
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15 Manufacture of leather and related products |
1,03 |
98,7 |
98,9 |
107,1 |
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16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials |
5,75 |
124,7 |
105,6 |
122,8 |
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17 Manufacture of paper and paper products |
1,12 |
90,9 |
116,7 |
90,2 |
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18 Printing and reproduction of recorded media |
0,30 |
59,1 |
34,6 |
55,7 |
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19 Manufacture of coke and refined petroleum products |
7,16 |
127,6 |
116,9 |
116,3 |
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20 Manufacture of chemicals and chemical products |
6,31 |
124,5 |
117,9 |
133,4 |
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21 Manufacture of basic pharmaceutical products and pharmaceutical preparations |
9,48 |
64,7 |
106,1 |
66,7 |
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22 Manufacture of rubber and plastic products |
1,69 |
112,5 |
103,3 |
115,6 |
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23 Manufacture of other non-metallic mineral products |
11,00 |
111,5 |
104,4 |
116,3 |
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24 Manufacture of basic metals |
1,91 |
86,8 |
88,8 |
102,7 |
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25 Manufacture of fabricated metal products, except machinery and equipment |
3,09 |
77,7 |
119,5 |
79,4 |
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26 Manufacture of computer, electronic and optical products |
0,20 |
203,7 |
105,6 |
198,3 |
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27 Manufacture of electrical equipment |
3,54 |
103,1 |
102,0 |
123,6 |
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28 Manufacture of machinery and equipment n.e.c. |
1,13 |
100,5 |
99,0 |
100,7 |
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29 Manufacture of motor vehicles, trailers and semi-trailers |
0,14 |
154,7 |
167,7 |
119,2 |
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30 Manufacture of other transport equipment |
0,08 |
140,5 |
124,4 |
115,7 |
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31 Manufacture of furniture |
1,13 |
63,5 |
102,5 |
58,4 |
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32 Other manufacturing |
0,60 |
87,9 |
87,9 |
97,3 |
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/KPS/M form) in 2009.
Legal and methodological framework
The Monthly Survey on Industrial Production (IND-1/KPS/M form) is carried out in 2009 by the Central Bureau of Statistics together with the county statistical offices. The legal basis for the IND-1/KPS/M 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/KPS/M form) published in Narodne novine No. 11/09. Concepts and definitions are in line with the EU Methodology of Short-Term Business Statistics (Theme 4, ISSN 1725-0099; European Communities, 2006) as well as with the Commission Regulation (EC) No. 1503/2006 on definitions of variables, list of variables and frequency of data compilation.
Scope and coverage
The Survey (IND-1/KPS/M form) covers enterprises and parts thereof employing at least 20 persons and performing one or several activities listed in the NKD 2007. sections B Mining and quarrying, C Manufacturing and D Electricity, gas, steam and air conditioning supply, that is, their divisions 05 – 35 (except group 35.3).
Reference period
The reference period for data collection is a calendar month. As a rule, the filled-in IND-1/KPS/M form must be returned to the Central Bureau of Statistics by mail as a rule 12 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 2009.
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 2009.
Calculation method1)
Volume stock indices of finished products for B and C sections and divisions of the NKD 2007. 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 2009. and an adequate weighting coefficient.
Stock indices for the MIGs 2009. aggregates are calculated in the same way by the predominant end-use of products within the same NKD 2007. activity group. They are harmonised with the EU statistical standards.2)
Weighting coefficients of stocks of finished products, as defined in the NIPUM 2009. were calculated on the basis of constant prices, that is, unit values of the PRODCOM survey on industrial production for 2005, providing that they are revised every five years. Weighting coefficients used in the period from 2002 to 2008 were calculated on the basis of the 2000 Annual Report on Industry.
The basis for the calculation of volume indices of stocks in 2009 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 2008.
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 2009. definitions were published in the Monthly Report No. 2/09 of the Central Bureau of Statistics issued in March 2009 as well as in the First Release No. 2.1.3./1. titled Industrial Production Volume Indices − Seasonally and Working-Day Adjusted Indices and Trend issued on 19 March 2009.
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. 656/2007 of 14 June 2007 on Implementing Council Regulation (EC) No. 1165/98 concerning short-term statistics as regards to the definitions of Main Industrial Groupings (MIGs).
Abbreviations
CBS Central Bureau of Statistics
EU European Union
MIGs 2009. Main Industrial Groupings, 2009 version
n.e.c. not elsewhere classified
NKD 2007. National Classification of Activities, 2007 version
NN Narodne novine, official gazette of the Republic of Croatia