Romania - Wholesale Price Index

The data presented for Romania in the Monthly Statistical Bulletin, concerning the main economic and social indicators, are provisional and can be subject to further rectifications. They are usually obtained by statistical sample surveys and measure the short-term economic and social evolution.

Data are yearly finalized based on the business structural survey as well as on some yearly surveys specific for social and economic indicators.

The sampling base, which ensures the information necessary to build and yearly review the enterprise samples, is represented by the statistical business register managed by the NIS, which is correlated to the Fiscal Register and is updated based on the balance sheets sent to the Ministry of Public Finances.

• Industry classification: CANE Rev. 2, which is fully harmonized with NACE Rev. 2
• Measurements:
  • Unitary count (#)
  • Thousands of persons (Ths.)
  • Percentage (%)
  • Moving-base index relative to previous month (Prev. month = 100)
  • Fixed-base index relative to 2005 (Index 2005=100)
• Adjustmensts:
  • Working day adjusted (WDA)
  • Not seasonally adjusted (NSA) 
• Native frequency: Monthly
• Start date: As early as 1991
• Geos: Country

For data presentation

The Classification of Activities in the National Economy CANE Rev. 1, carried out by the National Institute of Statistics is used; it is compatible with the classifications used in the European (NACE Rev. 1.1) and international  statistics (CITI Rev. 3.1).

CANE Rev.1 is used at national level, beginning with 01.01.2003 based on the President of NIS Order no. 601/2002, on the Classification of the Activities in the National Economy – CANE updating, approved by Government Decision no. 656/1997. The indicators are being calculated according to the principle of homogeneity/prevalence, by section, broad industrial group, division, group and class according to CANE Rev. 1. structure. The continuity of data series has been ensured.

The ownership types which are used to structure the data are divided into 8 types specific to current period, namely: state integral ownership (state integral social capital), state majority ownership (over 50% state social capital), private majority ownership (over 50% private social capital), private integral ownership (Romanian or Romanian and foreign private integral social capital), co-operative ownership, community ownership, foreign integral ownership, national and local interest public ownership.

During the year, the ownership types are carried out according to the units' situation at the moment of the survey.

• The value data are expressed in current prices of each period.
• The volume indices are determined under comparable methodological conditions and in constant prices.
• For the foreign trade activity, the value indices are calculated based on the data expressed in EURO.
• The Monthly Statistical Bulletin also presents several indicators coming from administrative sources, specified within the publication. The provider of data and information institutions are directly responsible for their content and quality:

Situation of agricultural works

• Ministry of Agriculture, Forests and Rural Development Number of registered unemployed and unemployment rate.
• National Agency for Employment State budget, local budgets and state social insurance budget.
• Ministry of Public Finances Monetary situation and exchange rate.
• National Bank of Romania Registrations of commercial companies with foreign participation in subscribed social capital.
• National Office of Trade Register Main indicators of capital market.
• Bucharest Stock Exchange Indicators on the consumers' protection activity.
• National Authority for the Consumers’ Protection

New registrations of road vehicles

• Ministry of Administration and Interior, General Direction of the Person Informational Evidence Arrivals/departures of foreign/Romanian visitors in/from Romania.
• Ministry of Administration and Interior, Border Police General Inspectorate.

The calculation methodologies for the statistical indicators are subject to a continuous process of revision and improvement, in order to accurately reflect the changes taking place in the economy, to adapt them to the new informational requirements and to align them to the statistical system of the European Union.

Consequently, for several indicators, there have been updated: the coverage; the surveying samples and the aggregation weights; the methods of recalculation of the previously issued data in order to assure the comparability etc.

Moody's Analytics supplements

For the count of residential new construction permits, IPI, and PPI, we seasonally adjust using the U.S. Census Bureau's X-13 ARIMA program. 

Data may be revised

Further reading

At the source:

• http://www.insse.ro/cms/rw/pages/index.en.do
• See Methodological Notes in latest Monthly Statistical Bulletin (PDF)

At IMF (SDDS Plus):

• Real sector: Production index
• Real sector: Price index: Producer prices