SERVICES PRODUCER PRICES, FOURTH QUARTER 2023

The total services producer price index increased at the annual¹⁾ level, but decreased at the quarterly level²⁾ in the fourth quarter of 2023.

The services producer prices in the fourth quarter of 2023 increased by 7.2% as compared to the same quarter of the previous year

The highest increase in prices was recorded in the following activities: Travel agency, tour operator reservation services and related activities (by 19.6%), Food and beverage service activities (by 13.1%) and Accommodation (by 12.8%).

The decrease in prices was recorded only in one activity: Water transport (by 22.7%).

In the fourth quarter of 2023, as compared to the previous quarter, the services producer prices decreased by 9.6%

The highest decrease in prices was recorded in the following activities: Accommodation (by 45.6%), Rental and leasing activities (by 29.9%) and Travel agency, tour operator reservation services and related activities (by 18.9%).

The highest increase in prices was recorded in the following activities: Programming and broadcasting activities (by 7.4%), Motion picture, video and television programme production, sound recording and music publishing activities (by 5.2%) and Architectural and engineering activities; technical testing and analysis (by 5.1%).

1) Data compared to those of the same quarter of the previous year.
2) Data compared to those of the previous quarter.

NOTES ON METHODOLOGY

Notice

The First Release USL-2023-3-1 Services Producer Prices has been published in quarterly dynamics since June 2023.

The original series of the services producer prices indices are published continuously on the website of the Croatian Bureau of Statistics in the STS Database (Short-Term Business Statistics Database) in the area Services under the headings Services Producer Price Indices − quarterly data available at the link https://stsbaza.dzs.hr/en/Report?dt=10.

Precise dissemination dates are listed in the Calendar of Statistical Data Issues for 2023, which is available on the website of the Croatian Bureau of Statistics: https://podaci.dzs.hr/en/.

A part of the data, particularly those relating to quarterly original indices on the 2015 base, are regularly submitted on a quarterly basis to Eurostat and are available on Eurostat’s website http//ec.europa.eu/eurostat, together with the indicators of all EU Member States they are comparable to.

Sources and methods of data collection

Data are the result of a whole range of statistical surveys of the Croatian Bureau of Statistics which are used for collecting prices of representative services in observed service activities. A joint and acronym mark for these surveys is SPPI surveys (from the English name for these indices: services producer price indices). In addition to data on prices, data on turnover by representative groups of services that are used as weights in calculating price indices are collected, along with some relevant information specific to individual service activities.

A major part of information on prices is collected directly from reporting units through statistical forms via an internet application available on the webpage of the Croatian Bureau of Statistics. There are only a few surveys carried out via excel forms and a minor part is collected through observing publicly issued prices on the internet. For I56 Food and beverage service activities index, estimation of consumer price index is used. Collected data serve as a basis for the calculation of individual price indices, subsequently put together into a (joint) services producer price index (SPPI).

The reference observation period is a quarter. Enterprises enter data on prices in an electronic form and send the filled-in form to the statistical office 30 to 40 days after the observed period.

The methodology for SPPI surveys is harmonised with the concepts and definitions provided in the Council Regulation (EC) No. 1165/98 of 19 May 1998 concerning short-term statistics (Annex D) and its amendments, Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics, and the Commission Implementing Regulation (EU) 2020/1197 as well as with guidelines provided in the Methodological Guide for Developing Producer Price Indices for Services (OECD, Eurostat, 2014, Second Edition).

Statistical unit and statistical population

Statistical units are resident business entities that render services within the observed activity, either main or secondary one. Statistical population consists of all active units classified in the Statistical Business Register in the observed activity, being either a main or a secondary activity of the business entity. Main and secondary activity of a business entity is determined according to the NKD 2007 classification.

Coverage of activities

Pursuant to the Regulation (EC) No. 1158/2005 of the European Parliament and of the Council of 6 July 2005 amending Council Regulation (EC) No. 1165/98 concerning short-term statistics, Part D (OJ L 191, 22 July 2005), there is an obligation to calculate price indices for the following service activities classified in the NKD 2007:

In Section 51 Air transport, only passenger air transport is covered by the survey. In Section 71 Architectural and engineering activities; technical testing and analysis, only architectural and engineering activities are covered by the survey and they represent the largest part of this Section.

In addition, the surveys cover the following service activities:

These service activities are observed due to harmonisation with the Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics, and the Commission Implementing Regulation (EU) 2020/1197.

Gross, unadjusted indices

All indices are presented in a gross, unadjusted form, that is, they are not affected by a seasonal and working-day variation. Data are subject to revision. Revised data are published in the first subsequent release.

Definitions

Weight is a share of turnover of a certain elementary aggregate in total turnover, estimated on the basis of available data.

Service specification is a detailed description of a representative service, which enables the monitoring of a price of always the same service.

Representative service is a service that has a significant share in the turnover of the group it represents and which reflects a type of work usually done by a reporting unit in a particular group of services.

Total activity index is a weighted price index average of individual groups of services.

Services producer prices are prices created on the market by service producers for their services sold. These prices are monitored from the point of view of service producers as opposed to consumer prices that are monitored from the point of view of end users. Prices of resident service producers are monitored.

Abbreviations

The survey whose data are published in this First Release has been conducted with the financial assistance of the European Union. The contents of this document are the sole responsibility of the Croatian Bureau of Statistics and can under no circumstances be regarded as reflecting the position of the European Union.

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80
Phone: (+385 1) 48 06 111
Press corner: press@dzs.hr

Persons responsible:
Milenka Primorac Čačić, Director of Business Statistics Directorate
Lidija Brković, Director General

Prepared by:
Josipa Kalčić Ivanić and Maja Dozet

USERS ARE KINDLY REQUESTED TO STATE THE SOURCE.

Customer Relations and Data Protection Department

Information and user requests
Phone: (+385 1) 48 06 138, 48 06 154, 48 06 115
E-mail: stat.info@dzs.hr

Subscription
Phone: (+385 1) 21 00 455
E-mail: prodaja@dzs.hr