Short-term business statistics

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Short-term business statistics (STS) are economic statistics published by Eurostat, the European Commission's statistical office. They cover each of the member states of the European Union, and provide aggregated results for the euro area and the EU. Short-term business statistics provide information on the economic development of four major domains: industry, construction, retail trade, and other services. These domains are defined in relation to a classification of economic activities, the NACE Rev.2 (Statistical Classification of Economic Activities in the European Community, second revision).

Economic statistics is a topic in applied statistics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is also common to call the data themselves 'economic statistics', but for this usage see economic data. The data of concern to economic statistics may include those of an economy of region, country, or group of countries. Economic statistics may also refer to a subtopic of official statistics for data produced by official organizations. Analyses within economic statistics both make use of and provide the empirical data needed in economic research, whether descriptive or econometric. They are a key input for decision making as to economic policy. The subject includes statistical analysis of topics and problems in microeconomics, macroeconomics, business, finance, forecasting, data quality, and policy evaluation. It also includes such considerations as what data to collect in order to quantify some particular aspect of an economy and of how best to collect in any given instance.

Eurostat statistics agency of the European Union

Eurostat is a Directorate-General of the European Commission located in Luxembourg. Its main responsibilities are to provide statistical information to the institutions of the European Union (EU) and to promote the harmonisation of statistical methods across its member states and candidates for accession as well as EFTA countries. The organisations in the different countries that cooperate with Eurostat are summarised under the concept of the European Statistical System.

European Commission executive institution of the European Union

The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate. Unlike in the Council of the European Union, where members are directly and indirectly elected, and the European Parliament, where members are directly elected, the Commissioners are proposed by the Council of the European Union, on the basis of suggestions made by the national governments, and then appointed by the European Council after the approval of the European Parliament.

For the four domains the following variables are reported (most on a monthly, some on a quarterly basis):

The legal authority [1] for the European short-term business statistics is Regulation EC No 1165/98, [2] as amended by Regulation EC No 1158/2005, [3] and further implementing and amending regulations.

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References

  1. ↑ Eurostat - Statistics Explained: Short-term business statistics - legal base
  2. ↑ Council Regulation (EC) No 1165/98 of 19 May 1998 concerning short-term statistics, Official Journal of the European Communities. L 162, 1998-06-05, pp. 1-15.
  3. ↑ "Regulation (EC) No 1158/2005 of the European Parliament and of the Council of 6 July 2005 amending Council Regulation (EC) No 1165/98 concerning short-term statistics", Official Journal of the European Communities. L 191, 2005-07-22, pp. 1-15.
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