Statec - Institut national de la statistique et des études économiques.

Unit ENT4 'Business indicators, tourism and transport statistics'

BP 304 L-2013 Luxembourg

The turnover index is a monthly short-term indicator used for the business cycle analysis. Services turnover is used to compile the turnover value index.

NACE Rev2.

NACE Rev2 sections H to N and P to S.

Turnover defined as in Commission Implementing 2021/1197

Legal units.

Population of NACE Rev2  sections H to N and P to S according to the Luxembourg business register.

For Services turnover, the monthly sample covers about 2700 reporting Enterprises, and the quarterly sample covers about 2000 reporting Enterprises.

Grand-Duchy of Luxembourg

Monthly figures from 2000 on.

Base 100 in 2015.

Indices.

Month.

Statec is the National Institute of statistics and economic studies of the Grand Duchy of Luxembourg. Statec's administration is placed under the authority of the Ministry of the Economy and Foreign Trade. It is professionally and scientifically independent, i.e. it sets its own work programme in accordance with national and European statistical legislation, produces and disseminates data in complete neutrality.
The Law of July 10, 2011 on the organisation of the National Institute for Statistics and Economic Studies sets out the missions of Statec and its internal organisation. These missions are to provide a public information service of high quality to public and private decision-makers as well as to citizens. Statec is committed to produce statistics, analyses and studies giving a detailed, reliable and objective image of the society of Luxembourg.
Statec coordinates the statistical system of Luxembourg, organised according to the principle of statistical centralisation. For this purpose it widely relies on collaboration with other producers of data as well as with public and private research centres. Statec so centralises data available from public authorities to carry out its studies, but also to make them available to its users on a single platform. With the new law of July 10, 2011, applied scientific research is added to Statec’s missions.

Turnover indices are produced according to the European short-term statistics regulation.

There is no general datasharing.

STATEC guarantees the non-disclosure of confidential information when the statistical results are disseminated, except for foreign trade statistics. Regarding the latter, the detailed data that allows a resident exporter or importer to be indirectly identified is only kept confidential if the concerned economic operator sends a request for this to STATEC.

The ESS confidentiality rules are applied.

There is no official national release calendar. Nevertheless, STS services turnover index is compiled according to the requirements of the European STS regulation.

There is no official national release calendar.

The release days are the days data are transmitted to Eurostat. According to the principle of independence, data is released to all users at the same time.

As it is impossible to disseminate results in the delays foreseen by the  STS-Regulation, Statec disseminates first an extrapolated estimate of the monthly turnover index. After about m+ 3 1/2 months, these figures are revised: the data source of the revised indices are administrative data provided by the VAT administration.

There is no news release.

There is no monthly national publication, but indices are regularly commented in business cycle analysis articles.

There is no online database, but data series are available on request.

There is no microdata access.

National results for the use of European aggregates or the dissemination of national data are transmitted in the prefixed format to Eurostat.

There are no national methodological documents available except STS variable definitions. Statec uses the methodology published in the STS manual.

There is no document on quality management available.

Before each notification and transmission to Eurostat, time series of each STS nace code are compared to the figures of the previous notification in order to measure and identify discrepancies.

There is no other specific quality management concerning this indicator.

Since the coverage of the Administrative data used to calculate turnover index is not complete for the first transmission of the reference period, the calculation is largely based on Demetra forecast for the reference period. Due to the high volatility which is specific to small economies, this leads frequently to high revisions when all data are available.

The indices are produced according to European guidelines and Eurostat is the principal user of the results. There is no further information on the relevance of this indicator for users.

There is no specific collection of the users' satisfaction. As the results are quite often used in comments by the stakeholders, the relevance seems to be high.

Considering that results are based on administrative sources, the STS requirements are fulfilled in the best possible way.

Since data calculation is based on Administrative data which are not complete, the first reported period could be based on estimation. Usually, after 2-3 months from the first release results could be considered as final.

The sampling error is considered to be negligible.

Not available.

In order to guarantee timeliness and punctuality according to the STS regulation, Statec releases a first extrapolated estimate of indices in the delays foreseen by the STS regulation.

Released were delivered on time

Raw data is taken from administrative data files covering the whole national territory.

For a given NACE code, same Legal units (enterprises) are used in the sample from one reporting period to another. The sample is updated every year in order of take in to account the new legal units to be taken into account.

STS statistics are used for business cycle analysis as well as for the compilation of quarterly national accounts. Due to the different concepts, short-term statistics are not completely cohernt with other business statistics as SBS. In order to guarantee the coherence with other statistics, restructuration of important entities and change of NACE activity revisions are carried out .

The unit in charge of STS tries to achieve a high level of coherence within the given data set (sub-aggregates / aggregates, unadjusted/adjusted time series, etc.).

Not vailable, but burden = 0 (data source= administrative data files provided by the VAT administration).

Cost for the NSI: 350 person-hours per year.

In the field of STS, Statec has no official release or revision calendar. Data dissemination depends on the deadlines foreseen in the STS regulation. Revisions are made each time when newer, completed or corrected figures are available. The revised results are used for national releases as well as for the data transmission to the European Commission. Users are only informed about the reasons of non-scheduled revisions if the revisions are considered to be important.
Different versions of historical data are not stored, only the last available version is saved. Nevertheless, LU plans to introduce the storage of the different versions of released data, but this project is depending on the availability of resources.
The base year remains unchanged for five years as stated in the STS regulation. After changing the base year according to the STS regulation, LU publishes results according to the new base year = 100 which is indicated in the publications. STS statistics are confronted with quarterly national accounts and, if necessary, corrected.

In the field of STS, revisions are made each time when newer, completed or corrected figures for the different variables are available. There is no official revision calendar or regular process. The data and level of revisions depend on the data available. It is impossible to quantify the expected average size of revisions, for the same reason, users cannot be informed in advance of major revisions.

For several reasons, data can be updated after the first release of results: availability of corrected or completed data, correction of methodological or technical errors, confrontation with QNA data, etc.

Based on Year on Year change (for 2018Q1 - 2022Q4):

For this indicator, the raw data is transmitted in administrative files provided by the VAT administration.

Monthly administrative data.

The data source is admin data provided by indirect tax administration.

For each nace code, time series are compared with the previous notification version (figures + graphics). Major differences are investigated. Usually the reason could be : reclassification of a major Legal unit from a nace code to another, data correction due to an error, replacement of a previously estimated figure by the consolidated figure.

Data are compiled in the STS unit, with the help of the QNA unit.

Time series are published unadjusted and working-day adjusted. Seasonnally adjusted series are not disseminated.

No further comment.