|Unit||Index 2015=100, SA|
|Business Confidence||Jun 2021||20.3||14.3||Bal. of Op., SA||Monthly|
|Capacity Utilization||2021 Q2||87.1||82.2||%, SA||Quarterly|
|Industrial Production||May 2021||121.7||121.6||Index 2015=100, SA||Monthly|
|Change in Inventories||2017||5,824,330,000||3,675,560,000||NCU||Annual|
|Real Change in Inventories||1970||1,068,652,400||NCU||Annual|
The Austrian Production Index is compiled according to concepts and methods in the European manual Methodology of short-term business statistics, Interpretation and Guidelines
Classification: of activities by ÖNACE 2008 which is consistent with NACE Rev. 2. Backcasted time series according to NACE Rev.2 are available back to 1996.
Scope of the data
The following variables (values) are surveyed:
Questionnaires are sent to the reporting units at the end of the reference month asking for reply by the 15th of the following month. Missing responses are requested by telephone contact followed up by two postal reminders. At the time of dissemination of first provisional results at t+55 (70% coverage); revised results are published at t+85 (90-95% coverage); final results are available in October of the following year (99,5% coverage).
Source data collection programs
Source data definitions, scope, classifications, valuation, and time of recording
Source data statistical techniques
Other statistical procedures
The Austrian Production Index is a fixed base year Laspeyres index (currently 2015=100) which will be revised every five years. Indices of producer prices, construction prices, wholesale prices, consumer prices, and agreed-minimum wages are used as deflators.
Nature of variables used: Deflated production values per product.
Nature of weights: Gross value added to factor costs derived from structural business statistics.
Period of current index weights: Value added--calendar year 2015.
Frequency of weight updates: Every 5 years.
Computation of lowest level indices: The production value of the subclass of ÖNACE (5-digit-level) is computed by the deflated production values of all establishments assigned to the subclass. The sum of the deflated production value of the different subclasses is divided by the monthly average of the base year and multiplied by the weights to get a weighted relative for each subclass.
Aggregation: The weighted relatives for each subclass are then aggregated by using the Laspeyres formula.
Alignment of value of weights and base period: No adjustment is necessary because the period covered by the output weights is identical with the base period.
Linking of reweighed index to historical index: Linking is carried out by means of a simple linking factor calculated from the two index values for the first overlapping year.
Reference period: 2015=100
Seasonally adjusted indices: EU-harmonized working day and seasonally adjusted indices are calculated. The adjustment is done with the program X-12 RegARIMA developed by the Bureau of the Census. Results are published beginning with January 1996.
Data is not revised.
The data is now classified according to the NACE 2.0 classification system whereas data was classified according to a NACE 1.1-based system in the past.