End products are considered to be the products which were processed within the enterprise (have passed the whole technological process) and meet the technical standards and conditions set in the contract. In the framework of industrial statistics, products are expressed in quantities and values.
Industrial production represents:
– direct and useful result of extracting raw material and material existing in nature;
– result of agricultural and forestry products’ primary processing;
– result of previously processing of industrial products;
– activities for restoring initial technical and qualitative parameters of industrial products (such as: repairing works, maintenance works, etc.).
The industrial turnover index characterizes the economic situation and is used to assess current sales trends and, therefore, to report market fluctuations. The industrial turnover index provides information on future prospects, the need for and the possibility of financing the desired investments and operating costs.
Price Index for industrial production determines the trend of prices for industrial production at the first stage of shipping (without value added tax and excises). The index is calculated monthly, based on statistical records of prices for 1860 representative products in approximately 300 industrial enterprises.
The research of product prices is based on the PRODMOLD 2013 nomenclature of industrial products, harmonized at European standard, 2013 list.
To develop the Industrial Production Price Index, only the transactions from the first trading stage are taken into account, when the products leave the production enterprises.
The object of commercial transactions carried out by the industrial producers to buyers refers to the products sold at the most detailed level (products-assortment). The list of these products is set preventively and is constant for a certain period of time with the possible update upon need.
Commercial transactions may be carried out on the domestic and non-domestic markets.
Observed variable represents the price associated with the transaction, which will be determined depending on the seller (economic unit), the specific nature of the product - subject to transaction, type of buyer, and other characteristics of the transaction.
The prices for the products sold by the economic units are registered separately for deliveries on the domestic and non-domestic markets.
Works (services) of industrial nature represent the works performed by the economic units within some cooperation actions, which do not provide for some essential form transformation of the product subject to processing. Only the works which are executed for third parties or those executed for non-industrial sectors of the enterprises are reported.