1.1. Contact organisation
Hellenic Statistical Authority (ELSTAT)
1.2. Contact organisation unit
Business Statistics Division (B3)
Manufacture - Construction Indices and Industrial Products Section (B33)
1.3. Contact name
Confidential because of GDPR
1.4. Contact person function
Confidential because of GDPR
1.5. Contact mail address
46 Pireos & Eponiton str. 18510 Piraeus Greece
1.6. Contact email address
Confidential because of GDPR
1.7. Contact phone number
Confidential because of GDPR
1.8. Contact fax number
Confidential because of GDPR
2.1. Metadata last certified
10 June 2025
2.2. Metadata last posted
10 June 2025
2.3. Metadata last update
10 June 2025
3.1. Data description
Data are disseminated for all activities listed in Section F – Construction of the statistical classification of economic activities NACE Rev.2 at the level of the overall index (total construction) and for the three components of the index, namely construction of residential and non-residential buildings, civil engineering works and specialised construction activities. No geographical breakdown is made for the above data. Data are quarterly and are presented in the form of indices and growth rates. Each quarter, unadjusted series, working-day-adjusted series and seasonally adjusted series are calculated.
3.2. Classification system
For the compilation of the indices the following classification is used:
Statistical classification of categories of economic activities in the European Community, NACE Rev.2 (Council Regulation 1893/2006), Section F – Construction, Divisions 41, 42 and 43
3.3. Coverage - sector
The Production Index in Construction covers all activities listed in Section F – Construction as defined in the NACE Rev. 2 classification and more specifically Divisions 41, 42 and 43.
3.4. Statistical concepts and definitions
The need for the Production Index in Construction arose primarily from the signing of the Treaty of Economic and Monetary Union (EMU), which acknowledged the necessity of having reliable statistics rapidly available for the purpose of analysing the economic performance of each Member State within the framework of implementation of EU economic policy.
The purpose of the Production Index in Construction (IPC) is to compare the volume of the current, each time, quarterly volume of production (construction of buildings and production of civil engineering works) in the construction sector with the corresponding volume of production of a given period which is considered as base period.
The Production Indices in Construction are short-term quarterly indices and they are the following:
- Production Index in Construction (Section F - Construction)
- Production Index of Construction of residential and non-residential buildings
- Production Index of Civil Engineering.
- Production Index of Specialised construction activities.
The Production Index of Construction of residential and non-residential buildings includes the value of construction in buildings, such as one- and two-dwelling buildings, multi-dwelling buildings, hotels, offices buildings, industrial and retail trade buildings, public entertainment and education buildings, hospitals and other non-residential buildings.
The Production Index of Civil Engineering includes the value of: motorways, roads, streets, railways and airfields runways, sport facilities, bridges, tunnels, subways, long-distance pipelines communication and power lines (oil and gas pipelines, electricity lines, telecommunication lines), water projects, etc.
The Production Index of Specialised construction activities includes the value of: demolition, site formation, and clearance work, general construction work for buildings (new work, additions, alterations and renovation work) and building installation and completion works.
The Production Index in Construction is compiled on the basis of the three above indices, by applying the appropriate weighting coefficients.
3.5. Statistical unit
The sampling unit used is the Kind of Activity Unit (KAU).
3.6. Statistical population
The statistical population refers to all enterprises classified in Section F - Construction as defined in the NACE Rev. 2 classification and comprises 5,776 construction enterprises on the basis of data of the annual construction survey of the year 2021.
3.7. Reference area
The survey covers the whole national territory. Data collection takes place in Attiki and in 21 Regional Units of Greece.
No activities outside the national territory are covered and the collected data refer only to the domestic market.
3.8. Coverage - Time
The time series of the index with base year 2021=100.0 are released on a quarterly basis from the first quarter 2000 onwards.
3.9. Base period
The base year is the year 2021 (2021=100.0), since the announcement of the third quarter 2024 results on 13 December 2024.
Index. Quarterly and annual changes (percentage %).
The reference period is the quarter.
6.1. Institutional Mandate - legal acts and other agreements
The legal framework governing the organization and operation of ELSTAT is as follows:
- Greek Statistical Law No 3832/2010, as in force
- Regulation on the Operation and Administration of the Hellenic Statistical Authority (ELSTAT), 2012 (Government Gazette 2390 B, 28 August 2012)
- Regulation on the Statistical Obligations of the agencies of the Hellenic Statistical System (Government Gazette 4083 Β, 20 December 2016)
- Greek Commitment on Confidence in Statistics (Government Gazette 40 A, 29 February 2012)
- Regulation (EC) No 223/2009 on European statistics, as amended by Regulation (EU) 2015/759 and 2024/3018
- European Statistics Code of Practice (CoP) - revised edition 2017
- REGULATION (EU) 2016/679 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation - GDPR)
- Presidential Decree 73/2019 (Government Gazette No 114, Issue Α,04 July 2019): “Organization of the Hellenic Statistical Authority (ELSTAT)” (Available only in Greek)
- Law 4624/2019 (Government Gazette Α΄137 / 29 August 2019) “ Hellenic Data Protection Authority, measures implementing Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 for the protection of natural persons with regard to the processing of personal data and transposition (into national law) Directive (EU) 2016/680 of the European Parliament and of the Council of 27 April 2016 and other provisions " (Available only in Greek)
The Legal Framework is detailed in the following website Legal framework
EU legislation:
The legal basis for the STS indices is Regulation (EU) No 2019/2152 of the European Parliament and of the Council on European Business Statistics, as well as Commission Implementing Regulation (EU) No 2020/1197 laying down technical specifications and arrangements pursuant to Regulation (EU) No 2019/2152.
The definitions of short-term statistics variables are laid down in Commission Implementing Regulation (EU) No 2020/1197 laying down technical specifications and arrangements.
6.2. Institutional Mandate - data sharing
Not applicable
7.1. Confidentiality - policy
The issues concerning the observance of statistical confidentiality by the Hellenic Statistical Authority (ELSTAT) are arranged by articles 7, 8 and 9 of the Law 3832/2010 as in force, by Articles 8, 10 and 11(2) of the Regulation on Statistical Obligations of the agencies of the Hellenic Statistical System and by Articles 10 and 15 of the Regulation on the Operation and Administration of ELSTAT.
More precisely:
ELSTAT disseminates the statistics in compliance with the statistical principles of the European Statistics Code of Practice and in particular with the principle of statistical confidentiality.
7.2. Confidentiality - data treatment
ELSTAT protects and does not disseminate data it has obtained or it has access to, which enable the direct or indirect identification of the statistical units that have provided them by the disclosure of individual information directly received for statistical purposes or indirectly supplied from administrative or other sources. ELSTAT takes all appropriate preventive measures so as to render impossible the identification of individual statistical units by technical or other means that might reasonably be used by a third party. Statistical data that could potentially enable the identification of the statistical unit are disseminated by ELSTAT if and only if:
- these data have been treated, as it is specifically set out in the Regulation on Statistical Obligations of the agencies of the Hellenic Statistical System (ELSS), in such a way that their dissemination does not prejudice statistical confidentiality or
- the statistical unit has given its consent, without any reservations, for the disclosure of data.
The confidential data that are transmitted by ELSS agencies to ELSTAT are used exclusively for statistical purposes and the only persons who have the right to have access to these data are the personnel engaged in this task and appointed by an act of the President of ELSTAT.
ELSTAT may grant researchers conducting statistical analyses for scientific purposes access to data that enable the indirect identification of the statistical units concerned. The access is granted provided the following conditions are satisfied:
- an appropriate request together with a detailed research proposal in conformity with current scientific standards have been submitted;
- the research proposal indicates in sufficient detail the set of data to be accessed, the methods of analyzing them, and the time needed for the research;
- a contract specifying the conditions for access, the obligations of the researchers, the measures for respecting the confidentiality of statistical data and the sanctions in case of breach of these obligations has been signed by the individual researcher, by his/her institution, or by the organization commissioning the research, as the case may be, and by ELSTAT.
Issues referring to the observance of statistical confidentiality are examined by the Statistical Confidentiality Committee (SCC) operating in ELSTAT. The responsibilities of this Committee are to make recommendations to the President of ELSTAT on:
- the level of detail at which statistical data can be disseminated, so as the identification, either directly or indirectly, of the surveyed statistical unit is not possible;
- the anonymization criteria for the microdata provided to users;
- the granting to researchers access to confidential data for scientific purposes.
The staff of ELSTAT, under any employment status, as well as the temporary survey workers who are employed for the collection of statistical data in statistical surveys conducted by ELSTAT, who acquire access by any means to confidential data, are bound by the principle of confidentiality and must use these data exclusively for the statistical purposes of ELSTAT. After the termination of their term of office, they are not allowed to use these data for any purpose.
Violation of data confidentiality and/or statistical confidentiality by any civil servant or employee of ELSTAT constitutes the disciplinary offence of violation of duty and may be punished with the penalty of final dismissal.
ELSTAT, by its decision, may impose a penalty amounting from ten thousand (10,000) up to two hundred thousand (200,000) euros to anyone who violates the confidentiality of data and/or statistical confidentiality. The penalty is always imposed after the hearing of the defense of the person liable for the breach, depending on the gravity and the repercussions of the violation. Any relapse constitutes an aggravating factor for the assessment of the administrative sanction.
Confidentiality - if data are of truly confidential nature according to article 20 of Regulation (EC) No 223/2009 of the European Parliament and of the Council of 11 March 2009 (data which allow statistical units to be identified, either directly or indirectly), they have to be flagged confidential, and they will not be published by Eurostat.
Embargo – to enable Eurostat to produce press release, sometimes data are sent in advance to Eurostat. Those data, if considered under embargo will not be published by Eurostat until the embargo expires. This case is currently addressed by using confidentiality flags.
8.1. Release calendar
At the end of September of each year ELSTAT publishes a release calendar with the precise release dates of statistics for the following year.
8.2. Release calendar access
The calendar is distributed to the press and is available to all interested parties free of charge.
This calendar is also posted on the website of the ELSTAT under the title: “Release Calendar”.
8.3. Release policy - user access
In line with the Community legal framework and the European Statistics Code of Practice, ELSTAT disseminates national statistics on ELSTAT’s website respecting professional independence and in an objective, professional and transparent manner in which all users are treated equitably.
In this content, data are released simultaneously to all interested parties and users through the Announcement on the Production Index in Construction, which is posted on the website of ELSTAT according to the release calendar. This announcement is also available by e-mail to all interested parties. In addition, data are transmitted to Eurostat on a predefined date, concomitantly with their national publication.
Neither users nor the government have access to the data prior to their publication.
The index is disseminated on a quarterly basis.
10.1. Dissemination format - News release
75 days after the end of the reference quarter, at 12.00, an announcenent is published which presents the newly calculated index of production in construction in Greek and English. This announcement is also sent free-of-charge and mostly by email to the press and to other interested parties and is also available on the website of ELSTAT.
In the announcement, the Production Index in Construction(IPC) is published as following:
- working-day adjusted index, with base year 2021=100.0
- seasonally adjusted index,
- quarter-on-quarter growth rates,
- year-on-year growth rates.
10.2. Dissemination format - Publications
The index is published in the following e-publications:
10.3. Dissemination format - online database
There is no on-line database for the index.
Users’ consultation as regards the survey on Production Index in Construction amounts to 23,013 webpage’s hits for 2024. There is no potentiality to distinct consultations between data tables and metadata.
10.4. Dissemination format - microdata access
Micro-data are made available to users after submitting a request to the:
Statistical Information and Publications Division
46, Pireos & Eponiton Str, PO Box 80847
18510 Piraeus
Tel: +30 213 135 2022
Fax: +30 213 135 2312
e-mail: data.dissem@statistics.gr
For confidential reasons, access to micro-data is granted to users only under strict conditions and by always adhering to the relevant procedure.
10.5. Dissemination format - other
Users can have access to ELSTAT publications, even for previous years, where they can find data on the IPC, which are posted on the digital library of ELSTAT.
and publications of Eurostat. Transmission of provisional and not publishable data to Eurostat within 60 days and final data within 75 days (Eurostat Database).
The results of the Production Index in Construction are posted on the website of ELSTAT.
Users can be given data or further analysis, usually by fax or e-mail after submitting a request, describing the requested data, Statistical Data Request.
Users can also contact the Data Dissemination Section, at the following e-mail address:data.dissem@statistics.gr and data.supply@statistics.gr.
10.6. Documentation on methodology
The methodology for the compilation of the index is laid down by ELSTAT, taking into account international practices and in particular Eurostat’s recommendations, guidelines and standards.
The Methodology of Short-term Business Statistics, Interpretation and guidelines, 2006, contains a comprehensive set of recommendations on the compilation of the STS statistics. It is available at this website : (Methodology)
A special methodological paper on the compilation of the Production Index in Construction in Greece is available on the website of ELSTAT containing detailed information on the sources and the methodology used through the website : Production Index in Construction.
Metadata completeness – rate
Metadata on the compilation of the Production Index in Construction are available on the webpage of ELSTAT, therefore metadata completeness is 100%.
10.7. Quality management - documentation
A Single Metadata Structure (SIMS) report is available at the website : Production Index in Construction
11.1. Quality assurance
The Hellenic Statistical Authority (ELSTAT) aims to ensure and further improve the quality of statistics produced and maintain confidence of users in them. This is achieved through the Quality Policy of ELSTAT which is posted on the website of ELSTAT.
Quality controls and validation of data are carried out during the whole process of the compilation of the index: from the data collection stage to the final compilation of the index.
First of all, well-trained and experienced staff is utilized for all the stages of the compilation of the indices, that is, for data collection including communication with the enterprises, initial checks, data entry and final checks, which are conducted after the calculation of the index. This way, the personnel have a comprehensive and longitudinal image of the enterprises under their responsibility.
Data are validated either before or after data entry by means of logical checks. During data processing the data are checked in order to identify and correct any errors. When an error is identified, data are further investigated, in cooperation with the enterprises in order to confirm that it is an error or it is just an unusual price. At the same time, data are checked for completeness, accuracy and consistency of the correlating variables.
The indices are calculated by means of specialised software, through automatic computation procedures (“routines”), thus eliminating any errors to the final results. Nevertheless, even during this stage, consistency checks are carried out to the final results, mainly by means of comparing the percentage changes of the sub-indices and their impact on the overall index.
11.2. Quality management - assessment
Production Index in Construction is considered to be a highly reliable index. Its concepts and methodology have been developed according to international standards. The index is considered to be sufficiently accurate for the purposes for its compilation.
12.1. Relevance - User Needs
The Production Index in Construction meets national needs and the needs of European users. Generally, the index provides statistical information necessary to improve the competitiveness and performance of the construction sector.
The main national users of the index are the government, other public agencies, the Central Bank of Greece, other Hellenic banks etc., while at international level, it is used by Eurostat, the International Monetary Fund (IMF), the United Nations (UN), etc.
At national and international level, the index is used in order to give information on the evolution of the construction sector. Moreover, it indicates whether the construction production derives form building or civil engineering construction works. So, the index can be used in order to define which parts of construction are characterised by growth or recession, so as to adopt all the necessary strategies for further enhancing growth or moving towards better results.
12.2. Relevance - User Satisfaction
The Manufacture-Construction Indices and Industrial Products Section monitors user needs on a regular basis, in order to satisfy them. Generally, there is a smooth cooperation, through prompt response to users’ requests. Users’ comments are positive.
Moreover, ELSTAT conducts a user satisfaction survey every six months. Comments on media are also positive. More information about the results of the survey is available at the following website: User Satisfaction Survey
Furthermore, ELSTAT organises a Users Conference, on an annual basis, in which representatives of private and public sector, educational and research institutions participate. The conferences provide a significant opportunity for ELSTAT to collect comments and suggestions from users relative to the dissemination and the accessibility of the statistical data and the gaps in the production of statistics. The users conferences help significantly ELSTAT to draw useful conclusions on the areas where the statistical products and services can be improved in order to meet the increasing users needs. These conclusions are incorporated in the annual and medium term statistical programs of ELSTAT. The most recent Users Conference was held in 19 December 2024. More information on the conference is available at this homepage: User Conference 2024 ELSTAT.
12.3. Completeness
The compilation of the Production Index in Construction and the data provided is in line with the relevant regulations and guidelines.
13.1. Accuracy - overall
The sources of errors having an impact on the accuracy of the index are sampling and non-sampling errors.
Sampling errors are not relevant and thus are not calculated because the sampling method used is not the random sampling but the purposive sampling. As regards non-sampling errors, these are mostly due to erroneous counting (measurement – processing errors) and to the non-response (non-response errors) of some enterprises. In the case of measurement – processing errors, the efforts are mostly focused on identifying, using well-established procedures, and correcting as many errors as possible during data processing. Regarding response, the focus is concentrated on increasing the percentage of enterprises, which actually report data on time for the first release of the index and in the case of missing values, improving the estimation process.
Concerning accuracy of first estimates, it should be noted that the common practice for routine revisions of IPC is that the data released for the reference quarter are provisional and are published together with the revised data of the previous quarter. The index is revised and considered to be final after the yearly correction, which is normally undertaken during the first semester of the year (usually in June) following the reference year.
13.2. Sampling error
ELSTAT do not calculate sampling errors for the index due to the purposive sampling technique, which is applied.
13.3. Non-sampling error
Non-sampling errors involve coverage errors, measurements errors, non-response errors, processing errors and model errors.
- a. Unit non – response
These errors exist when data are not collected for all population units designated for data collection. For IPC, only unit non-response is relevant. Item non-response is not relevant, as for the survey of IPC only one variable (e.g. turnover) is collected. The survey is compulsory. In the first data release for the reference quarter, the response rate is around 85%, whereas when the index is revised for the first time, along with the release of the next quarter the response rate reaches 90%. The index is revised once again and considered to be final after the yearly correction, which is normally undertaken during the first semester of the year (usually in June) following the reference year and at that time the response rate is around 99%. It should be noted that the missing values usually refer to smaller enterprises, for which the response burden is normally higher.
In order to increase the rate of response, there is direct communication with the surveyed enterprise by telephone or by sending a reminder by fax or email in an effort to convince them to give the necessary data, even in the form of estimations. The competent staff may even visit the enterprise in order to achieve cooperation.
The missing values, which are due to non-response, are imputed/estimated on the basis of the data of the previous quarters/years, taking into consideration the evolution of the enterprise and the construction sector and with Administrative sources.
b. Item non - response
Item non-response is not relevant, as for the survey of IPC only one variable (e.g. turnover) is collected.
Coverage error
No coverage errors are observed in the Business Register of ELSTAT, on the basis of which the survey on the compilation of the IPC was designed.
Over-coverage – rate
No over coverage errors are observed (e.g., closed enterprises or enterprises out of the scope of the survey) in the Business Register of ELSTAT on the basis of which the survey on the compilation of the IPC was designed. Nevertheless, in cases where an enterprise is found to be out of the scope of the survey, e.g. it has no construction activity, the enterprise is excluded from the survey.
Common units – proportion
Not applicable.
Measurement error
These are errors that occur during data collection and they are categorized as survey instrument, respondent and interviewer. These errors are usually easy to identify, as there are in force rules to assist in detecting possible inconsistencies that require further investigation in order to determine whether they are actually errors or just unusual values. Current responses are compared with data provided by the enterprises during the previous quarters or years. In several cases where errors may have significant impact on the results, control at source is conducted through getting access to the enterprises accounts. The vast majority of these errors, after being detected, are duly corrected.
Processing error
Processing errors are errors that may occur when processing the collected data, manually or automatically and comprise of data entry, data editing, coding and imputation.
As already mentioned in the case of measurement errors, the data of the surveyed enterprises are examined thoroughly (both electronically and manually) by the competent staff using logical controls, reasonability checks and relation checks. If these checks reveal inconsistencies, further measures are taken to either assure the accuracy of data or correct them (if they are proven to be erroneous data). Data editing is carried out for the entire sample of enterprises, but with priority given to those with the greatest impact in the index calculation.
It should be noted that the risk of such errors is rather small because all tasks engaged to the processing procedure (e.g. weighting, calculations, tabulation etc) are performed by using a special software application.
Coding of the data is not applicable in the case of IPC.
Model assumption error
No model is used for the compilation of the Index, so this type of error is not relevant.
14.1. Timeliness
The index is published 75 days after the end of the reference quarter.
14.2. Punctuality
Production Index in Construction is published according to the pre-announced release calendar.
15.1. Comparability - geographical
The STS Regulations and the STS methodological guidelines are applied for the compilation of the index, thus ensuring a good comparability between the Greek Production Index in Construction and the other national and European indices, taking always into account the special conditions that may prevail in each country, which may dictate minor methodological deviations.
Assymetry for mirror flows statistics – coefficient
There are no mirror flows statistics among EU Member States in the IPC.
15.2. Comparability - over time
The available full time series of the revised Production Index in Construction (2021=100.0) consists of the backcasted indices for the period 2000-2020 and of the re-calculated indices using the new data on turnover and new weighting scheme from the year 2021 onwards. Therefore, the time series of the Production Index in Construction (base year 2021=100.0), from 2021 onwards is considered fully comparable over time.
15.3. Coherence - cross domain
Regular crosschecks are made with information from the other surveys.
Comparison of the index with the results from the Annual Construction Survey (SBS) takes place upon availability of the annual results. In addition, the index is regularly crosschecked with other data, such as data on construction costs or building permits. Any differences are checked and justified.
Coherence – sub annual and annual statistics
Coherence with building permits
The data of the survey of IPC cannot be directly compared with the data of the Building Activity Survey (Private - Public). This is because the Building Activity Survey is based on Administrative Sources (Urban Planning Authorities) and the collected data refer to all issued building permits (new buildings, additions, repairs or renovations etc) and not to the completed buildings. Thus, the purpose of this survey is to depict the future development of building activity. On the contrary, the IPC data are obtained through direct survey to construction companies and refer to the realized activity in construction (both building construction and civil engineering works).
Coherence – Annual Construction Survey
Any differences observed in the growth rates between the IPC and the turnover of SBS are mostly due to the fact that for the compilation of the IPC a common sample of enterprises is used for every month, which is updated when the Index is revised with a new base year, while in the SBS surveys the sample of enterprises is updated on a yearly basis, except for very big enterprise. The common sample of enterprises used in the IPC ensures accurate presentation of the evolution of the Index over several time periods. Moreover, there is a difference in the European definition of turnover between STS and SBS.
Coherence – National Accounts
The IPC generally follows the development in the Section F of Annual National Accounts, but the coherence is not as high as expected.
The main reason for the discrepancy in the growth rates between the IPC and the National Accounts is the fact that the compilation of National Accounts is based on data for building permits and public investment, instead of the index. Moreover, the coverage of National Accounts is exhaustive, covering total economy.
15.4. Coherence - internal
The index is internally coherent. For gross and working day adjusted data, the overall index (Production Index in Construction) derives from the sub-indices of the three components of the index, Construction of residential and non-residential buildings, Civil Engineering and Specialised construction activities, according to well-defined procedures. For seasonally adjusted data, there is no coherence between the overall index and the sub-indices, as the time series are directly seasonally adjusted, namely each time-series is seasonally adjusted independently.
According to the results of the Cost Assessment Survey covering the production of statistics in the ESS for the year 2020 launch by Eurostat and carried out by ELSTAT, it can be concluded that, regarding the staff of ELSTAT engaged in the compilation of IPC, the annual cost in hours worked amount to 995. According to the results of the Assessment of the Response Burden of the Surveyed Statistical Units which was carried out by ELSTAT for the year 2019, the annual average burden in hours worked is 1.4 hours per enterprise or totally 277 hours for all enterprises.
During the last years, there has been a substantial reduction in the response burden, as ELSTAT has initiated the exploitation of data from administrative sources (VAT declarations), especially for small and medium size enterprises, instead of data collection.
17.1. Data revision - policy
The general revision policy adopted for ELSTAT is also applied to Production Index in Construction.
In accordance with the Revision Policy of ELSTAT and the ESS guidelines, the revisions are classified as planned revisions, which refer to routine revisions and major revisions, and non-scheduled revisions.
Routine revisions
The Production Index in Construction is being announced 75 days after the end of each reference quarter. Data for the reference quarter are provisional when first released and are published together with the revised data of the previous quarter. The index is revised and considered to be final after the yearly correction, which is normally undertaken within the first semester of the year following the reference year. These quarterly revisions are related to the regular data production process and they are caused by the delayed reporting of some enterprises (estimated values for missing responses are replaced by reported figures). For some cases, the annual completion of business accounts may introduce revisions, but this is not a regular process.
The routine revisions of the index are included in the list of scheduled revisions of ELSTAT.
Major revisions
According to the requirements of the Regulation (EU) No 2019/2152 of the European Parliamentand of the Council on
European Business Statistics, short-term indices are revised every five (5) years, particularly on calendar years ending with a 0 or a 5, while, in the current revision 2021=100.0 due to the impact of the pandemic, they were revised with base year the year 2021. In this framework, the index in fully revised every five years, with the change of the base year and the implementation of new weighting scheme. During these revisions, confrontation with the results of the Annual Construction Survey normally takes place. Major revisions are pre-announced to the public through a special methodological paper, named “Methodological note on the revision of Production Index in Construction”, containing detailed information about the revision. This note is available at the website: Production Index in Construction
In addition, a relevant text on the planned revision of the index is included in the Annual Statistical Work Programs of ELSTAT.
Moreover, major revisions are accompanied at the time of the publication with updated back data.
Non-scheduled revisions
Non-scheduled revisions may occur as a result of unforeseeable events such as errors. They are not announced in advance by definition. The users are promptly informed on significant errors identified in published statistics. The revised results are released without any delay in an open and transparent manner. The reasons for carrying out the non-scheduled revisions are also published. Non-scheduled revisions are accompanied by relevant documentation, as well as by updated back data if available.
Regular revision analysis is carried out once a year and revisions indicators are calculated and included in the metadata reports.
The same revision policy is applied to data released nationally and to those transmitted to Eurostat, in order to assure coherence.
Vintage databases
Vintage databases are not available.
17.2. Data revision - practice
According to the requirements of the Regulation (EU) No 2019/2152 of the European Parliamentand of the Council on
European Business Statistics, short-term indices are revised every five (5) years, particularly on calendar years ending with a 0 or a 5, while, in the current revision 2021=100.0 due to the impact of the pandemic, they were revised with base year the year 2021. In this framework, the index in fully revised every five years, with the change of the base year and the implementation of new weighting scheme. The latest revision of the index, with base year 2021=100.0, was completed in 2024 and the previous with 2015=100.0 in 2019.
Major revisions are pre-announced to the public through a special methodological paper, named “Methodological note on the revision of Production Index in Construction”, containing detailed information about the revision. This note is available at the website Production Index in Construction
In addition, a relevant text on the planned revision of the index is included in the Annual Statistical Work Programs of ELSTAT.
Moreover, major revisions are accompanied at the time of the publication with updated back data. During the last revision (2021=100.0), there was a recalculation of the indices using the new weighting scheme from the year 2021 and onwards, along with back-casting of the indices for the period 2000-2020, thus resulting in the time series of the IPC from Q1 2000 onwards, with base year 2021=100.0, being fully comparable over time.
As far as routine revisions are concerned, the common practice for IPC is that the data released for the reference quarter are provisional and are published together with the revised data of the previous quarter. The index is revised and considered to be final after the yearly correction, which is normally undertaken during the first semester of the year following the reference year. This monthly correction is on account of the delayed reporting of some enterprises.
More specifically, for the period Q1 2020 to Q4 2024 (20 quarters) and for the overall Production in Construction index (Section F), the following Quality Indicators have been calculated:
Growth rates for unadjusted data (yoy):
MAR = 0.930, RMAR = 0.065, MR = 0.416
Growth rates for working day adjusted data (yoy):
MAR = 0.928, RMAR = 0.066, MR = 0.414
Growth rates for seasonally adjusted data (qoq):
MAR = 2.255, RMAR = 0.411, MR = 0.453
(MAR: Mean Absolute Revision, RMAR = Relative Mean Absolute Revision, MR: Mean Revision)
18.1. Source data
ELSTAT uses a statistical survey in order to calculate the Production Index in Construction. The sampling frame is based on the results of the annual 2021 Construction Survey, which is conducted by ELSTAT.
The sampling unit used is the KAU (Kind of Activity Unit). The sample of units surveyed for the Production Index in Construction comprises 5,776 enterprises out of a total of 66,784 construction enterprises, on the basis of data of the annual construction survey of the year 2021. As regards turnover, the turnover of the surveyed units represents at least 75% of the total turnover at the two-digit level of economic activity, according to the results of the annual construction survey of the year 2021.
18.2. Frequency of data collection
Data are collected on a quarterly basis.
18.3. Data collection
Data are collected through a specially designed questionnaire, the same for every enterprise. The requested data refer to activity codes 4110, 4120, 4211, 4212, 4213, 4221, 4222, 4291, 4299, 4311, 4312, 4312, 4321, 4322, 4329, 4331, 4332, 4333, 4334, 4339, 4391 and 4399.
The different work categories covered are:
- building construction;
- construction of roads and motorways;
- construction of bridges and tunnels;
- construction of utility projects for fluids;
- construction of utility projects for electricity and telecommunications;
- construction of water projects;
- construction of other civil engineering projects n.e.c.;
- demolition and site preparation;
- electrical installation; plumbing, heat and air-conditioning installation;
- other construction installation;
- building completion and finishing (Plastering, Joinery installation, Floor and wall covering, Painting and glazing);
- Masonry and bricklaying activities;
- Other specialised construction activities n.e.c.
The purpose of the indices is to collect information about the turnover value of enterprises in construction. The questionnaire collects information about the total amount invoiced by the observation unit during the reference quarter, which corresponds to the total receipts from building and other construction works and the provision of services (subcontracting). It also includes receipts from repairs, maintenance, and improvements of construction works, as well as receipts from services that are bound to the construction, such as assembly and installation, which are carried out within the reference period. The information provided refers only to the turnover of the domestic market.
The questionnaires are collected -via e-mail.
In case of non-response, the surveyed enterprise is contacted by telephone, or is sent a reminder by e-mail and the use of administrative sources.
18.4. Data validation
At national level, data processing involves checking the data received from the respondents with the aim of identifying (and eventually correcting) any errors. Not all errors can be identified and the aim is to detect the errors that have a significant impact on the results. Rules to assist in identifying errors may flag possible errors that require further investigation to determine whether it is actually an error or just an unusual value. Data processing also involves checks for completeness, checks to confirm that values are within given ranges and that values for related variables are coherent. Data processing may take place during or after data entry.
Responses can be compared with the responses of previous quarters. Inconsistencies or big deviations (outside of a pre-established range) indicate that further checks are required and may result in further processing. In the context of timeliness, the data processing may be designed to give top priority to those outliers that are most in the need to be edited, thus ensuring reliability of aggregates. By solving the worst cases, large improvements can be achieved.
Eurostat also carries out validation checks on the national aggregated indices it receives. This may result in contacting the reporting country. In the context of timeliness, the validation process may be designed to give top priority to those outliers that are most in the need to be verified, thus ensuring reliability of European aggregates.
18.5. Data compilation
The compilation of the index is presented in the file attached.
Annexes:
BCS_PVCES_A 18.5 Data compilation
18.6. Adjustment
The adjustment of the index is presented in the file attached.
Annexes:
BCS_PVCES_A 18.6 Adjustment
No further comments
Data are disseminated for all activities listed in Section F – Construction of the statistical classification of economic activities NACE Rev.2 at the level of the overall index (total construction) and for the three components of the index, namely construction of residential and non-residential buildings, civil engineering works and specialised construction activities. No geographical breakdown is made for the above data. Data are quarterly and are presented in the form of indices and growth rates. Each quarter, unadjusted series, working-day-adjusted series and seasonally adjusted series are calculated.
10 June 2025
The need for the Production Index in Construction arose primarily from the signing of the Treaty of Economic and Monetary Union (EMU), which acknowledged the necessity of having reliable statistics rapidly available for the purpose of analysing the economic performance of each Member State within the framework of implementation of EU economic policy.
The purpose of the Production Index in Construction (IPC) is to compare the volume of the current, each time, quarterly volume of production (construction of buildings and production of civil engineering works) in the construction sector with the corresponding volume of production of a given period which is considered as base period.
The Production Indices in Construction are short-term quarterly indices and they are the following:
- Production Index in Construction (Section F - Construction)
- Production Index of Construction of residential and non-residential buildings
- Production Index of Civil Engineering.
- Production Index of Specialised construction activities.
The Production Index of Construction of residential and non-residential buildings includes the value of construction in buildings, such as one- and two-dwelling buildings, multi-dwelling buildings, hotels, offices buildings, industrial and retail trade buildings, public entertainment and education buildings, hospitals and other non-residential buildings.
The Production Index of Civil Engineering includes the value of: motorways, roads, streets, railways and airfields runways, sport facilities, bridges, tunnels, subways, long-distance pipelines communication and power lines (oil and gas pipelines, electricity lines, telecommunication lines), water projects, etc.
The Production Index of Specialised construction activities includes the value of: demolition, site formation, and clearance work, general construction work for buildings (new work, additions, alterations and renovation work) and building installation and completion works.
The Production Index in Construction is compiled on the basis of the three above indices, by applying the appropriate weighting coefficients.
The sampling unit used is the Kind of Activity Unit (KAU).
The statistical population refers to all enterprises classified in Section F - Construction as defined in the NACE Rev. 2 classification and comprises 5,776 construction enterprises on the basis of data of the annual construction survey of the year 2021.
The survey covers the whole national territory. Data collection takes place in Attiki and in 21 Regional Units of Greece.
No activities outside the national territory are covered and the collected data refer only to the domestic market.
The reference period is the quarter.
The sources of errors having an impact on the accuracy of the index are sampling and non-sampling errors.
Sampling errors are not relevant and thus are not calculated because the sampling method used is not the random sampling but the purposive sampling. As regards non-sampling errors, these are mostly due to erroneous counting (measurement – processing errors) and to the non-response (non-response errors) of some enterprises. In the case of measurement – processing errors, the efforts are mostly focused on identifying, using well-established procedures, and correcting as many errors as possible during data processing. Regarding response, the focus is concentrated on increasing the percentage of enterprises, which actually report data on time for the first release of the index and in the case of missing values, improving the estimation process.
Concerning accuracy of first estimates, it should be noted that the common practice for routine revisions of IPC is that the data released for the reference quarter are provisional and are published together with the revised data of the previous quarter. The index is revised and considered to be final after the yearly correction, which is normally undertaken during the first semester of the year (usually in June) following the reference year.
Index. Quarterly and annual changes (percentage %).
The compilation of the index is presented in the file attached.
Annexes:
BCS_PVCES_A 18.5 Data compilation
ELSTAT uses a statistical survey in order to calculate the Production Index in Construction. The sampling frame is based on the results of the annual 2021 Construction Survey, which is conducted by ELSTAT.
The sampling unit used is the KAU (Kind of Activity Unit). The sample of units surveyed for the Production Index in Construction comprises 5,776 enterprises out of a total of 66,784 construction enterprises, on the basis of data of the annual construction survey of the year 2021. As regards turnover, the turnover of the surveyed units represents at least 75% of the total turnover at the two-digit level of economic activity, according to the results of the annual construction survey of the year 2021.
The index is disseminated on a quarterly basis.
The index is published 75 days after the end of the reference quarter.
The STS Regulations and the STS methodological guidelines are applied for the compilation of the index, thus ensuring a good comparability between the Greek Production Index in Construction and the other national and European indices, taking always into account the special conditions that may prevail in each country, which may dictate minor methodological deviations.
Assymetry for mirror flows statistics – coefficient
There are no mirror flows statistics among EU Member States in the IPC.
The available full time series of the revised Production Index in Construction (2021=100.0) consists of the backcasted indices for the period 2000-2020 and of the re-calculated indices using the new data on turnover and new weighting scheme from the year 2021 onwards. Therefore, the time series of the Production Index in Construction (base year 2021=100.0), from 2021 onwards is considered fully comparable over time.
