The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.
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Annual volume index of industrial output
The sample-based monthly volume index is adjusted retrospectively (currently after about 18 months) against an annual volume index of industrial output. The annual volume index of industrial output is calculated by dividing changes in gross value by industry by a unit value index calculated with data from statistics on manufacturing commodities (volumes and values by establishment). The obtained Paasche's volume index is regarded as a substitute to value added at fixed prices.
Validity of the definition
- Valid until (31 December 2078)