Short-term business statistics (STS) are economic statistics published by Eurostat, the statistical office of the European Commission. They cover all member states of the European Union and – in some areas – also third countries, 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).
For the four domains the following variables are reported (most on a monthly, some on a quarterly basis):
- Industry: Production, turnover (domestic and non-domestic), number of persons employed, hours worked, gross wages and salaries, output prices (domestic and non-domestic), import prices.
- Construction: Production (total, of buildings and of civil engineering), number of persons employed, hours worked, gross wages and salaries, construction costs (material costs, wage costs), construction permits.
- Retail trade and repair: Turnover, retail trade volume, number of persons employed, hours worked, gross wages and salaries.
- Other services: Turnover, output prices (service producer prices), number of persons employed, hours worked, gross wages and salaries.
The legal authority for the European short-term business statistics is Regulation EC No 1165/98, as amended by Regulation EC No 1158/2005, and further implementing and amending regulations.
- ^Eurostat – Statistics Explained: Short-term business statistics – legal base
- ^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.
- ^“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.