Production index

Currently the production index is based on reference year 2015.

Results can be found at the bottom of this site. More detailed results are available on the German site.

The production index is an important short term economic indicator, the aim of which is to measure fluctuations in production output in real terms on a monthly basis and, in so doing, to identify in particular turning points in the economic cycle as early as possible.

Results and their publication

The EU-harmonised national production index for industries and construction has been calculated at the level of divisions, subsections and sections B to F of ÖNACE 2008 and for five main industrial groupings MIG (consolidation of economic branches that predominantly produce goods for intermediate consumption, energy, capital goods, consumer durables or non-durables). On base 2015 the index has been published since 01/2015, on base 2010 since 01/2010 and on the base 2005 since 01/1996. In parallel, time series according to the old ÖNACE 2003 were made available until reference period 12/2008. From reference period 01/2009 results are only available according to the new ÖNACE 2008.

In order to satisfy regional requirements, the production index is also compiled for all nine federal provinces. Initial provisional results are published 40 days after the end of the reference period, revised values after 70 days and final values are published in November of the following year of the reference year. The exact dates are given in the Publication calendar (available in German only). EU-harmonised working-day adjusted and seasonally adjusted series and trend series have been compiled since spring 2005 and are available to 1996 backwards according to the new ÖNACE 2008. For the seasonally and working-day adjusted series, there may be slight (methodologically justified) deviations to the entire time series for each new reporting month as a result of EU-harmonised adjustment. The current values are also published monthly in the Statistical Monitoring Reviews (available in German only), the STATcube database (available in German only), in the press releases as well as on the Eurostat website.

Definition

The aim of the production index is to measure and depict the development of the monthly production output in real terms of the manufacturing establishments (ÖNACE B to F). It is expressed by the ratio of production volumes (or deflated production values) in the given reporting period to those of the base period, and is presented as an index number. The production index relates to all establishments in ÖNACE Sections B to F that exceed a defined number of employees and is now calculated from base year 2015.

The regulation concerning short term statistics that was passed by the Council of the European Union in May 1998 (Council Regulation (EC) No. 1165/98 of 19 May 1998 concerning short term statistics most recently amended by Regulation (EC) No. 1178/2008 of 28 November 2008) made the calculation of a production index for the EU member states compulsory for the first time. An EU-conform production index (including back-calculations up to January 1996) has been calculated and published since the reference month of January 1999. In terms of production index calculations, production is normally defined as technical total production, i.e. own production intended for sale and for in-house supplies and services plus wage labour. Sold production is used as a substitute in the computation only if own production is not surveyed. Beginning with base year 2005, only deflated production values (technical production or sold production depending on the branch) are used to calculate the production index.

Scope and representativity

Since the reported production of all establishments in the Short Term Statistics Surveys in Industries and Construction is in principle reflected in the index calculations, the scope of these surveys simultaneously determines the representativity of the calculated production index. According to the principle of a concentration survey, the surveys take account only of those establishments and enterprises in the industries and construction sector (ÖNACE Sections B to F) that have a minimum number of employees on a common survey date of the previous year (applicable to all months of the given year), respectively since reference year 2008 whose turnover exceed a certain threshold (as long as thresholds for employees did not reach representativity criteria). In order to ensure stable observation masses, standardised and constant workforce limits for the index calculation and its homogenous progression have been defined for divisions with fluctuating employee numbers or fluctuating turnover starting with base 2000 ÖNACE. If necessary, adjustments of the base are made.

Calculation

The calculation follows the Laspeyres concept (fixed base, fixed weighting). As from base 2005, the basis for the calculation has comprised technical total production (TP) or, in those cases where TP is not available, sold production (SP). For each business variable, all deflated production values are aggregated and the values are allocated to the establishment’s ÖNACE subclass (i.e. the establishment’s main emphasis) which thus comprises all characteristic and non-characteristic goods. The aggregated and deflated values of all establishments that belong to a specific ÖNACE subclass (5 digits) are set into relation to the corresponding aggregated base value of the ÖNACE subclass. Weights derived from value added at factor cost are allocated to each ÖNACE subclass on the basis of which weighted indices are calculated.

By eliminating seasonal influences and by standardising the monthly values with respect to working days, the working-day and seasonal adjustments subsequently simplify interpretation of the time series. The adjustments are made in accordance with EU-harmonised specifications using the X-13 ARIMA Seats program.

Results (overview): Short term indicators in industries and construction 2019 (basis 2015), ÖNACE 2008

ÖNACE 2008

Production index ÖNACE 2008 (Ø 2015=100), EU harmonised working day adjusted
Production index ÖNACE 2008 (Ø 2010=100), EU harmonised working day adjusted
Production index ÖNACE 2008 (Ø 2005=100), EU harmonised working day adjusted
Production index ÖNACE 2008 (Ø 2005=100), EU harmonised working day adjusted - 1996 bis 2004

ÖNACE 2003

Production index basis 2005, EU harmonised working day adjusted

08.10.2021Production index in August 2021 increased by 8.6% compared to August 2020PDF31 KB
10.09.2021Production index increased by 9.7% in July 2021PDF31 KB
10.08.2021Production index increased by 11.3% in June 2021PDF30 KB
09.07.2021Production index increased by 23.4% in May 2021PDF30 KB
10.06.2021Production index increased by 35.9% in April 2021PDF31 KB
25.05.2021Production index in March 2021 increased by 12.7%PDF30 KB
23.04.2021Production index in February 2021 increased by 1.9%PDF31 KB
25.03.2021Production index declined by 3.8% in January 2021 PDF31 KB
25.02.2021Production index declined by 5.1% in December 2020 PDF31 KB
25.01.2021Production index increased by 0.1% in November 2020PDF29 KB
23.12.2020Production index in October 2020 decreased by 0.6% compared to October 2019PDF31 KB
25.11.2020Production index in September 2020 decreased by 1.4% compared to September 2019 PDF29 KB
23.10.2020Production index in August 2020 declined by 3.3% compared to August 2019 PDF31 KB
25.09.2020Production index in July 2020 declined by 4.4% compared to July 2019 PDF31 KB
25.08.2020Production index declined by 10.3% in June 2020PDF34 KB
24.07.2020Production index in May 2020 fell by 13.5% compared to May 2019PDF34 KB
25.06.2020Production index in April 2020 decreased by 21.4% compared to April 2019PDF34 KB
25.05.2020Production index in March 2020 declined by 12.1% compared to March 2019PDF33 KB
24.04.2020Production index in February 2020 decreased by 2.3% compared to February 2019PDF70 KB
25.03.2020Production index in January 2020: +1.2% compared to January 2019PDF70 KB
25.02.2020Production index in December 2019 decreased by 5.3% PDF84 KB
24.01.2020Production index in November 2019: -2.1% compared to November 2018PDF84 KB



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