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Producer price index for renovation and maintenance

The purpose of these statistics is to show trends in prices in the first stage of commercial transactions for the construction sector, i.e. producers' selling price, ex VAT. These statistics have been compiled since 2017.

Statistical presentation

The producer price index for construction shows the yearly trends in the prices related to construction in Denmark. The prices are related to the first commercial transaction excluding VAT. At this time only statistics within the area of civil engineering are produced, that is index for refurbishment and maintenance.

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Statistical processing

For the producer price index for refurbishment and maintenance approximately 3,000 prices are collected from selected companies in Denmark. Prices are collected through an electronic reporting form. The producer price index for refurbishment and maintenance are calculated in a hierarchical system, where the first calculation is made on the most detailed level, i.e. elementary indices. These elementary indices are calculated by use of a number of prices, as geometric Jevons Indices. The elementary indices are subsequently weighted together as aggregated price indices. These are calculated as arimetic Laspeyres indices.

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Relevance

Producer price index for refurbishment and maintenance is used in the Danish national accounts as deflator for the constant price calculations.

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Accuracy and reliability

The producer price index for refurbishment and maintenance is based on 3,000 prices from six activity groups (electrical installation, plumbing, heat and air-conditioning installation, carpentry, building completion, roofing and bricklaying). Each industry is treated individually with its own sample. The samples are selected to achieve as high turnover coverage as possible. It is not possible to estimate the size of the sampling error, but it is assumed that the price developments in the sample represent the price development in the population. The yearly non-response rate is less than one percent and is not considered to be a significant source of error.

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Timeliness and punctuality

The statistics are published yearly, approximately four month after the end of the reference period. Publications are released on time, as stated in the release calendar.

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Comparability

The statistics follows international standards and is therefore comparable with similar statistics from other European countries.

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Accessibility and clarity

These statistics can be found in the StatBank, under the subject producer price index for construction. Find out more under: https://dst.dk/en/Statistik/emner/priser-og-forbrug/erhvervslivets-priser/producentprisindeks-for-byggeri-og-anlaeg

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