Short-term statistics

 

SUMMARY OF:

Regulation (EC) No 1165/98 concerning short-term indicators

WHAT IS THE AIM OF THIS REGULATION?

It sets out rules for producing and transmitting short-term economic activity indicators in line with the NACE Rev.2 classification. These statistics enable analysingshort-term developments in supply and demand, production factors and prices. They allow users to monitor business competitiveness and performance across the EU.

It repeals Directives 72/211/EEC and 78/166/EEC to take account of economic and technical developments.

KEY POINTS

Short-term statistics (STS) indices currently cover 4 main areas:

The specific requirements for each of the data to be collected (e.g. production volume, turnover, prices, labour input) are described in the regulation’s annexes, as are:

EU countries must each have one national authority responsible for coordinating:

EU countries may acquire the data using a combination of sources but should always ensure to apply the principle of administrative simplification (i.e. placing the least possible burden on businesses, especially small ones). These sources include:

EU countries must ensure their data meet quality requirements laid down by Eurostat. EU countries and Eurostat test data quality by comparing them with other statistical information and check for internal consistency.

Every 3 years, the European Commission prepares a report for the European Parliament and the Council focusing on the relevance and quality of the statistics and the revision of indicators.

Eurostat, having consulted the European Statistical System (ESS) Committee, published an advisory methodological manual.

The Commission may adopt further legislation to implement the short-term statistics (STS) regulation. In this regard, it receives guidance from the ESS Committee.

FROM WHEN DOES THE REGULATION APPLY?

It has applied since 26 June 1998.

BACKGROUND

For more information, see:

MAIN DOCUMENT

Council Regulation (EC) No 1165/98 of 19 May 1998 concerning short-term statistics (OJ L 162, 5.6.1998, pp. 1-15)

Successive amendments to Regulation (EC) No 1165/98 have been incorporated in the original text. This consolidated version is of documentary value only.

RELATED DOCUMENTS

Regulation (EC) No 177/2008 of the European Parliament and of the Council of 20 February 2008 establishing a common framework for business registers for statistical purposes and repealing Council Regulation (EEC) No 2186/93 (OJ L 61, 5.3.2008, pp. 6-16)

Council Regulation (EEC) No 696/93 of 15 March 1993 on the statistical units for the observation and analysis of the production system in the Community (OJ L 76, 30.3.1993, pp. 1-11)

See consolidated version.

last update 18.04.2018