Competitive Position of the Industrial Sector (PCSI). 1Q 2016

09.22.2016

The Index of Competitive Position in Prices of the Catalan manufacturing industry in the first quarter of 2016 in relation to the industrialized countries, shows a decline of 1.8 percentage points year-over-year, after the improvements in the last year and a half.

Moreover, the Index of the Revealed Competitive Position (which measures the evolution of the market share of Catalan manufacturing exports in major markets with which Catalonia has trade flows) shows an unfavourable trend in the first quarter of 2016 compared with the same period of the previous year, from an index of 96.8 to 95.2.

The Indicators of the Competitive Position of the Industrial Sector are analysed on the basis of two indexes: the Index of Competitive Position in Prices and the Index of the Revealed Competitive Position.

The Index of Competitive Position in Prices is defined as the product of the euro exchange rate by an index of relative prices of the Catalan manufacturing industry (section D of the CCAE-93). An increase in the Index of Competitive Position in Prices is interpreted as a reduction in the competitiveness of Catalan manufacturing in relation with competing countries and markets. The data for Catalonia is produced on a quarterly basis by Idescat and the Ministry of Economy and Knowledge, using data from the IMF, the United Nations, and the OECD. The data for Spain is produced by the Bank of Spain.

The Index of the Revealed Competitive Position is defined as the market share of exports by the Catalan manufacturing industry (sections 5 to 8 of the SITC-Rev. 3) for each of the considered countries, indexed in the first quarter of 1999. As opposed to the Index of Competitive Position in Prices, an increase in the Index of the Revealed Competitive Position is interpreted as an improvement in competitiveness. The data for Catalonia is produced on a quarterly basis by Idescat and the Ministry of Economy and Knowledge, using data from the OECD and the State Agency OCDE and the State Tax Administration Agency.

Short-term economic indicators

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