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COM103K - Turnover value indices in wholesale, working day and seasonally adjusted series - base year 2015 |
Definition |
The net turnover is calculated by summing up the invoiced returns from the sale of goods and commodities, the performance of works and services. Turnover does not include VAT, excise duties, subsidies received from public authorities or EU institutions and income from sale or transfer of fixed assets. The Nomenclature of economic operator?s monthly providing data includes economic operators having industry as main activity divisions 46 (CANE Rev. 2.) |
Periodicity |
Monthly |
Data sources |
Statistical survey on turnover in trade and services details |
Methodology |
Turnover of wholesale corresponds of CANE Rev.2 division 46. In order to adjust the series, the DEMETRA programs package was used (TRAMO/SEATS method) estimating the effect of working days number different from one month to another and calendar effect (orthodox Easter, bisect year, and other national holidays) as well as the identification and correction of outliers (occasional, transitory or permanent level changes) and interpolation of missing values. The series adjusted by the effect of working days and seasonality is obtained by removing the seasonal component from the series adjusted by the effect of working days. Aggregate levels were adjusted by direct method supposing direct adjustment of aggregated series. Using the direct method could lead to some inconsistencies in data series (respectively, aggregates should not be always ranging between the values of origin components). Using the direct method could lead to some inconsistencies in data series (respectively, aggregates should not be always ranging between the values of origin components). Adjusted series of working days effect and seasonality is obtained by eliminating seasonal component from adjusted series of working days effect.
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Last update |
FEB 22, 2024 |
Observations |
The data are available starting with 2005. |
Responsible person |
Miu Cristina; cristina.miu@insse.ro; tel. 0213181824/1474 |
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