Archive:Services producer price index - filling a gap in macroeconomic statistics

‘With the creation of a services producer price index, Eurostat is filling a gap in macroeconomic statistics that has existed for many years’, say Brian Newson, Head of Eurostat’s Short-term Statistics Unit, and Isabelle Rémond-Tiedrez. Photo: Christine Ardillac

Published in Sigma - The Bulletin of European Statistics, 2007/02

The evolution in short-term statistics has followed that of European Union policies. For the first 40 years, most Community policies were structural and EU statistics were only published annually or sometimes even less frequently. Back then, Eurostat collected whatever data were produced by the NSIs and simply put it together. This changed in the mid-1990s when it became clear that the EU was heading towards economic and monetary union and that short-term statistics (STS) were needed in order to manage monetary policy.

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