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Turnover in services (sts_os_t)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: State Statistical Office

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Service turnover indices are quarterly and belong to the group of major European short-term economic indicators. The data are obtained on a quarterly basis from an administrative data source - the Public Revenue Office. Service turnover indices are used to monitor current economic development and for short-term forecasts, they estimate the average turnover change between two time periods. It is calculated on a base year (2021 = 100).

4 June 2025

The turnover consists of the total invoiced accounts of the observed units during the reference period, which corresponds to the sale of goods or services on the market to third parties. Turnover excludes VAT and other similar deductible taxes directly related to turnover, as well as all duties and charges for goods or services invoiced by the business entity.

Statistical unit - enterprises

All enterprises in the field of services according to the STS regulations with the following main features:

  • identification characteristics (identification number, name)
  • economic / stratification characteristics (main activity, turnover)

NTES (Nomenclature of Territorial Units) 1 and 2 (Republic of North Macedonia)

Quarterly.

Data accuracy is ensured with additional data comparisons and analysis before dissemination.

Indices (%).

Service indices are compiled as simple indices that are calculated directly from fixed base data (2021 = 100). The calculation of lower aggregate indices (double digit NACE Rev.2) is based on a direct comparison of the data for the current quarter and the data on the average quarterly value of turnover in the base year.

Public Revenue Office, turnover data.

Quarterly.

We publish quarterly survey data on service turnover index 85 days after the end of the reference quarter (T + 85).

Turnover indices are nationally representative. The methodology used to calculate the turnover indices in services is in line with the regulations for short-term statistics.

Comparison of data from 2014 is provided without interruption in time series.