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| PSC1075 - Turnover value indices in market services rendered to the population, working day and seasonally adjusted series - base year 2021 |
| 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. Market services rendered to the population include the following activities: hotels and restaurants, travel agency, tour operator reservation service and related activities, gambling and other recreation activities, hairdressing and other beautifying activities, washing and (dry) cleaning of textile and fur products, funeral activities, body building and other services for natural persons (class of CANE Rev.2: 9603, 9604, 9609,9313). |
| Periodicity |
Monthly |
| Data sources |
Statistical survey on turnover in industry details |
| Methodology |
In order to adjust the series, the JDEMETRA 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. The adjusted series with working days number was obtained by eliminating from unadjusted series these effects by means of correction coefficients. The adjusted series of working days effect and seasonality is obtained by eliminating seasonal component from adjusted series of working days effect. 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). |
| Last update |
AUG 21, 2024 |
| Observations |
The data are available starting with 2005. |
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