Statistics in Focus. Revision of the weights system for STS data. 2000.22

Abstract

A number of monthly indices are provided regularly by the Member States within the context of the Short­term Statistics Regulation (no. 1165/98). During mid­2000 Eurostat carried out a revision of the weights system that is employed in the creation of the short­term statistics database, EBT (European Business Trends). The work started with the index of production, a leading business cycle indicator, where the weights are based on value added at factor cost. The revision of these weights is used as an example in this document as at the time of writing, the weights were being revised for the other indices, as well as being checked by the Member States.