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Service producer prices

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: [DK1] Statistics Denmark

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The Producer Price Index for Services publishes 12 different quarterly price indices for services, within selected industries in the service sector. These industries are selected based on EU regulation, which enables international comparison between member states.

The indices are compiled based on collected service prices from companies in Denmark. Prices are measured as producers' selling price (business to business) ex VAT. Prices are e.g. collected for; transport from A to B, hourly rates for legal services and cleaning of office areas.

The indices that are being produce are the following industries:

  • H Transportation and storage
  • H49 Land transport and transport via pipelines
  • H50 Water transport
  • H51 Air transport
  • H52 Warehousing and support activities for transportation
  • H53 Postal and courier activities
  • I Accommodation and food service activities
  • I55 Accommodation
  • I56 Food and beverage service activities
  • J Information and communication services
  • J58 Publishing activities
  • J59 Motion picture, video and television programme production, sound recording and music publishing activities
  • J60 Programming and broadcasting activities
  • J61 Telecommunications
  • J62 Computer programming, consultancy and related activities
  • J63 Information service activities
  • L Real estate activities
  • L68 Real estate activities
  • M Professional, scientific and technical activities
  • M69 Legal, accounting and management activities
  • M702 Management consultancy activities
  • M71 Architectural and engineering activities; technical testing and analysis
  • M73 Advertising and market research
  • M74 Other professional, scientific and technical activities
  • N Administrative and support services
  • N77 Rental and leasing activities
  • N78 Employment activities
  • N79 Travel agency, tour operator and other reservation service and related activities
  • N80 Security and investigation activities
  • N81 Services to buildings and landscape activities
  • N82 Office administrative, office support and other business support activities

 

15 February 2026

Unit price: A price that can only be calculated when both turnover and the number of services sold is known. The price is calculated by dividing revenue by the number of units sold, to an average price for a quantity of comparable services.

Contract price: Actual selling price of repeat service to the same customer, as specified in a contract between parties. The price is typically changes due to contact regulation with a specified index, or if the contract is renegotiated.

Hourly list rate: The hourly rate quoted in the manufacturer's price list. List hourly rates may vary for different employee categories, depending on expertise, level of education or seniority. Hourly rates are used when pricing is based on the amount of time spent on manufacturing the services, rather than the services themselves.

Model price: The price of a hypothetic or historically sold service. Typically applied in cases where the service provided is unique. The approach specifies a standardised product, that is sufficiently representative of the type of service provided, and respondents are asked to recalculate a price quote in each period.

Real transaction price: The price of a service actually paid in the market. It represents the actual price paid, inclusive of any discounts, surcharges or rebates, for an individual transaction that can be observed repeatedly

List price: A price quoted from the producer’s price list, catalogue, Internet site, etc. It is generally the gross price exclusive of all discounts, surcharges or rebates that may apply to an actual transaction.

The statistical units in the Producer Price Index for Services are companies, where each company is determined by legal entity. In Statistics Denmark's Statistical Business Register, legal entities are determined by their VAT number.

In some cases, this principle is abandoned. Several companies can be combined into one unit, e.g. if they have centralized administration or in the case of franchises.

The reporting unit for the statistic is the specific enterprise, chosen via. the Statistical Business Register, which also is the observational unit. 

The Producer Price Index for Services consists of a number of industry indices. This means that the population includes all companies in the industry for which prices are collected. Each industry therefore has each individual population and sample.

Denmark.

The respondents report the prices, which were in force in the middle of the quarter or an average price for the entire quarter.

The samples for each industry are selected top-down to achieve as high turnover coverage as possible. The largest companies represent themselves, and smaller companies represent a group. In practice this means that price developments collected from larger companies carry more weight than price developments collected from smaller companies. It is assumed that the price developments in the samples expresses the price developments in the whole population.

The weights are based on the National accounts balances, which is based on multiple in-house primary sources (Purchases and sales by enterprises, Production and turnover in manufacturing industries. Retail Trade and International Trade etc.). This covers most of all the trade in Denmark and the weights are assessed to be representative of the Danish economy.

Index.

The Producer Price Index for Services are calculated in a hierarchical system, where the collected prices are initially divided into CPA-groups which are the most detailed groups of services. The CPA-groups are then aggregated into into so-called elementary aggregates for which basic prices can be calculated as geometric Jevons Indices. Elementary indices are calculated on the basis of basic prices between two or more periods. The developments of the basic prices are therefore equal to the total price change for a given six-digit DB07 industry.

The elementary indices are subsequently weighted together as aggregated price indices. These are calculated as aritmetic Laspeyres indices. It is calculated as a Laspeyres type index where the price and weight reference period does not coincide.

Weights: Weights are assigned to every elementary index and are used for weighting the elementary indices together to aggregated indices. The current weights are based on national accounts balances.

Estimates for non-response: Non-response is negligible. If it should happen for any significant goods, imputation techniques are used. In other cases the prices are regarded as unchanged.

Producer Price Index for Services is calculated on the basis of price reports directly from selected service producing companies. The sample consists of ca. 2.300 prices divided into a number of industry groups set out by the European Regulation that the statistic follows. Within each industry group, the largest companies are selected, based on turnover value (top-down) to achieve as high an industry turnover coverage as possible. By selecting the largest companies within a given product group, it is assumed that as per basic market theory these larger companies, as price influencers, have both a large direct share of transactions but also an even larger indirect representativeness which helps to ensure a representative sample for the entire product group. Each of these companies is requested to select their most representative service(s), i.e. those products that most represent their sales within a given product group. Since there is a big difference between the industries, they
are treated independently with their own sample selection.

Each selected company is determined by their legal entity registration. In Denmark's Statistics Business Statistical Register, the legal entities are determined by their CVR number. In cases where a company has multiple CVR numbers sharing the same activity these can be combined into one unit from which prices are collected, for example, franchises. The companies must, as far as possible, report the average price for the quarter, if that is unavailable they must report the price in force on the 15th of the mid-month of the quarter. For industries or products with high variation within the quarter ±an average price for the whole month is always preferred.

Weights for aggregation purposes come from the National Accounts product balances, based on
several internal primary sources (industrial commodity statistics, account statistics and foreign trade statistics). This covers the main part of all trading in the first turnover stage in Denmark, within the delimitation of the purpose of the statistics. The weights used are implemented with a lag of 3 years.

Quarterly.

The statistics are published every quarter. A given quarter is published approx. 1,5 months after a quarter as far as possible on the 15th of the month or the first business day thereafter.

All EU member states are required to produce Producer Price Indices for Services under the guidelines of European Business Statistics (EBS) Regulation (EU) 2019/2152 on 27 November 2019, followed by the Commission Implementing Regulation 2020/1197. The statistics can be compared internationally on the website of Eurostat. Also, outside the European community, Producer Price Indices for Services are produced for selected industries. In addition, there is an international forum called Voorburg Group on Service Statistics.

The statistic has been produced in its current form since 2006.