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The monthly data of the producer price index for services will be used in calculations of service production

The monthly data of the producer price index for services will be used in calculations of service production instead of the present quarterly data. The use of monthly data in deflating turnover starts from data for January 2020.

The change has no significant effect on the image of economic development in any industry. Data for previous years are still calculated using the quarterly data of the producer price index for services. As a result of the renewal, data on the seasonal variation of the volume improves particularly in industries 50 Water transport and 55 Accommodation, which may misleadingly appear as cyclical variation in these industries during the transition year.

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Last updated 14.4.2020