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Handbook on Prices and Volume Measures in National Accounts

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Handbook on Prices and Volume Measures in National Accounts ISSN 1681-4789 2315-0815 Exer in vulla faci blamconse euis nibh el utat dip ex elestisim el dip utat nibh euis blamconse faci Exer vulla in Manuals and guidelines Handbook on prices and volume measures in national accounts Rilis augiati siscilit venis nim Rilis augiati siscilit venis 2016 edition 2013 edition 2013 Manuals and guidelines Handbook on prices and volume measures in national accounts 20132016 edition Europe Direct is a service to help you find answers to your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) The information given is free, as are most calls (though some operators, phone boxes or hotels may charge you). More information on the European Union is available on the Internet (http://europa.eu). Luxembourg: Publications Office of the European Union, 2016 ISBN 978-92-79-37859-1 ISSN 2315-0815 doi:10.2785/53279 Cat. No: KS-GQ-14-005-EN-N Theme 2: Economy and finance Collection: Manuals and guidelines © European Union, 2016 Reproduction is authorised provided the source is acknowledged. Content 1 Contents 1. Introduction ............................................................................................................................ 5 1.1. Background and aim of this handbook .......................................................................... 5 1.2. Scope of this handbook ................................................................................................. 6 1.3. The distinction between price, volume, quantity and quality ......................................... 7 1.4. The A/B/C classification ................................................................................................. 8 1.5. How to read this handbook ............................................................................................ 8 2. A/B/C methods for general procedures ............................................................................... 10 2.1. The use of an integrated approach .............................................................................. 10 2.2. The three principles from the Commission Decision ................................................... 15 2.3. Criteria for appropriate price and volume indicators .................................................... 19 2.4. Quality changes ........................................................................................................... 20 2.5. Unique products ........................................................................................................... 25 2.6. Unit values versus price indices ................................................................................... 27 3. A/B/C methods by transaction category .............................................................................. 30 3.1. Market and non-market output ..................................................................................... 30 3.2. Special topic: Products provided without charge to the user ....................................... 39 3.3. Intermediate consumption ............................................................................................ 40 3.4. Value added ................................................................................................................. 41 3.5. Final consumption expenditure .................................................................................... 42 3.6. Gross fixed capital formation ....................................................................................... 46 3.7. Changes in inventories ................................................................................................ 48 3.8. Acquisition less disposals of valuables ........................................................................ 52 3.9. Exports and imports of goods and services ................................................................. 54 3.10. Taxes and subsidies on products ................................................................................ 61 3.11. Components of value added ........................................................................................ 64 4. A/B/C methods for output by product .................................................................................. 71 4.1. CPA A — Products of agriculture, forestry and fishing ................................................ 71 4.2. CPA B — Mining and quarrying ................................................................................... 72 4.3. CPA C — Manufactured products................................................................................ 73 4.4. CPA D — Electricity, gas, steam and air conditioning ................................................. 79 4.5. CPA E — Water supply; sewerage, waste management and remediation services ... 80 4.6. CPA F — Constructions and construction works ......................................................... 81 4.7. CPA G — Wholesale and retail trade services; repair services of motor vehicles and motorcycles .................................................................................................................. 83 4.8. CPA H — Transportation and storage services ........................................................... 89 Handbook on price and volume measures in national accounts 3 Content 1 4.9. CPA I — Accommodation and food services ............................................................... 95 4.10. CPA J — Information and communication services..................................................... 96 4.11. CPA K — Financial and insurance services .............................................................. 102 4.12. CPA L — Real estate services ................................................................................... 108 4.13. CPA M — Professional, scientific and technical services .......................................... 111 4.14. CPA N — Administrative and support services ......................................................... 118 4.15. CPA O — Public administration and defence services; compulsory social security services ...................................................................................................................... 122 4.16. CPA P — Education services .................................................................................... 123 4.17. CPA Q — Human health and social work services.................................................... 127 4.18. CPA R — Arts, entertainment and recreation services ............................................. 134 4.19. CPA S — Other services ........................................................................................... 139 4.20. CPA T — Services of households as employers of domestic personnel................... 140 5. Application to Quarterly accounts ...................................................................................... 142 5.1. Introduction ................................................................................................................ 142 5.2. Data availability .......................................................................................................... 142 5.4. Seasonality ................................................................................................................. 147 5.5. Conclusion ................................................................................................................. 147 Annex 1 — Capturing quality effects through stratification ....................................................... 148 Useful references and links ....................................................................................................... 150 General references ................................................................................................................ 150 Chaining, index formulae and the level of aggregation ......................................................... 151 Producer Price Indices and Consumer Price Indices ............................................................ 151 Quality changes and new products ....................................................................................... 152 Computers, other high technology goods and capital goods ................................................ 152 Market services ...................................................................................................................... 153 Non-market services .............................................................................................................. 153 Handbook on price and volume measures in national accounts 4 Introduction 1 1. Introduction 1.1. Background and aim of this handbook Economic and monetary policy of the European Union (EU) is increasingly integrated. This requires higher and higher standards of national accounts data as a solid foundation for the formulation and monitoring of economic policy. Key players such as the Council, the European Commission and the European Central Bank need in particular high quality and comparable data on price developments and economic growth. Within the EU, national accounts data are also increasingly important for more administrative purposes such as the determination of countries' contributions to the EU budget, assessment of economic convergence, regional funds, etc. This broad international use of national accounts data has led to an extensive set of international definitions and guidelines, necessary to ensure the reliability and comparability of data. These definitions and guidelines are contained
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