Price Competitiveness of Industry Index. By Bank of Spain areas

Price Competitiveness of Industry Index. By Bank of Spain areas Catalonia. 3rd quarter 2018
Current quarter Previous quarter Same quarter previous year
Industrialised countries 105.1 105.0 105.6
Prices component 103.9 104.0 104.6
Nominal component 101.1 101.0 101.0
Eurozone 105.2 105.2 105.5
Prices component 105.2 105.2 105.5
Nominal component z z z
European Union (EU-28) 105.1 105.0 105.6
Prices component 102.8 102.9 103.4
Nominal component 102.3 102.1 102.1
Developed countries 106.7 106.8 107.2
Prices component 104.5 104.6 105.1
Nominal component 102.1 102.1 102.0
New Asian industrialised countries 107.4 105.9 107.9
Prices component 107.8 108.1 108.9
Nominal component 99.6 98.0 99.1
Units: Base 1999 I quarter = 100.
Source: Idescat and Departament of the Vice-presidency and of the Economy and Finance, based on IMF, United Nations and OECD data.
Notes:
A rise in the index indicates a loss of competitiveness.
See the methodology note for the countries which are in the areas.
(z) Category not applicable.
Price Competitiveness of Industry Index. By Bank of Spain areas Spain. 3rd quarter 2018
Current quarter Previous quarter Same quarter previous year
Industrialised countries 109.2 109.2 109.2
Prices component 109.5 109.9 109.7
Nominal component 99.7 99.4 99.6
Eurozone 111.4 111.8 111.1
Prices component 111.4 111.8 111.1
Nominal component z z z
European Union (EU-28) 111.7 111.9 111.6
Prices component 108.6 109.1 108.8
Nominal component 102.8 102.6 102.6
Developed countries 110.3 110.5 110.4
Prices component 110.2 110.6 110.4
Nominal component 100.2 99.9 100.0
New Asian industrialised countries 113.8 112.8 113.9
Prices component 113.7 114.4 114.3
Nominal component 100.1 98.6 99.7
Units: Base 1999 I quarter = 100.
Source: Bank of Spain.
Notes:
Quarterly averages calculated by Idescat using monthly Bank of Spain data.
A rise in the index indicates a loss of competitiveness.
See the methodology note for the countries which are in the areas.
(z) Category not applicable.

Date published: February 18, 2019. Next update: May 20, 2019 Calendari

Methodological note

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 C of the CCAE-09).

An increase in the index always occurs when the euro is globally appreciated and/or when relative prices increase more (decrease less) in Catalonia than in the rest of the world. Note that this measure of competitiveness does not contain any other competitiveness factor other than price, in particular not those that modify the quality of manufactured products.

The countries in each area are as follows:

  • Eurozone:Germany, Austria, Belgium, Slovakia, Slovenia, Estonia, Finland, France, Greece, Ireland, Italy, Luxemburg, Malta, Netherlands, Portugal and Cyprus.
  • EU-28: Germany, Austria, Belgium, Bulgaria, Croatia, Denmark, Slovakia, Slovenia, Spain, Estonia, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Poland, Portugal, United Kingdom, Czech Republic, Romania, Sweden and Cyprus.
  • Developed countries:GGermany, Australia, Austria, Belgium, Canada, Denmark, Slovenia, United States, Finland, France, Greece, Ireland, Italy, Japan, Luxemburg, Norway, New Zealand, Netherlands, Portugal, United Kingdom, Sweden and Switzerland.
  • New Asian industrialised countries:South Korea, Philippines, Hong Kong, India, Indonesia, Malaysia, Singapore, Thailand, Taiwan and China.
  • Industrialised countries:all of the above.

Data is provisional. If the international sources modify the exchange rates or the price indicators of previous periods, the price competitiveness is actualized.

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