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EU industrial structure 2011 — Trends and Performance i22 recent developments in services industries The quarterly data presented in section I.1.2 presented highly aggregated service sectors; the analyses below offer more detail on developments in various service sectors for the last months for which data are available. From the last month for which data are available for all sectors, one 30 can see that only four service industries; water transport, warehousing and support services for transportation, computer services and R&D and technical activities still display negative growth. Wholesale trade have recovered remarkable well and display very high growth rates. Looking at aggregates, total services display positive growth rates for the whole period, cf. Table I.4. TAbLE I.4: EU services production, recent developments. growth in services turnover in constant prices relative to the same month of the previous year nacE 2 codes 2010:08 2010:09 2010:10 2010:11 2010:12 2011:01 2011:02 2011:03 g45 Motor vehicles trade 2.1 0.6 0.5 3.9 2.3 4.6 5.2 1.8 g46 Wholesale trade 7.9 7.2 7.3 6.9 5.7 4.8 9.9 7.1 g47 Retail trade 1.5 1.6 1.6 2.8 3.2 4.7 5.1 5.4 i Accommodation & Food 5.0 4.6 3.1 4.3 4.8 4.1 3.5 4.0 h49 Land transport 4.6 3.7 2.9 3.6 3.5 4.1 3.2 2.3 h50 Water transport ‑2.1 2.6 3.5 6.9 0.6 ‑1.3 2.1 ‑1.7 h51 Air transport 13.3 15.8 13.9 15.5 10.1 14.5 8.9 6.5 h52 Warehousing and support activities for transportation 0.2 0.6 0.3 ‑1.1 ‑1.1 0.4 ‑1.5 ‑1.7 h53 Postal and courier 13.2 10.4 8.3 9.1 7.3 6.7 5.5 4.5 J61 Tele‑ communications 3.3 2.7 2.5 2.1 2.5 2.1 2.1 1.9 J62 Computer services ‑0.4 ‑1.7 ‑1.6 ‑1.8 ‑2.2 ‑1.9 ‑2.0 ‑2.3 m72 R&D and technical activities 5.5 4.2 5.2 0.9 1.1 ‑1.9 ‑1.1 ‑1.8 n Administrative and support activities 1.3 0.4 0.0 ‑0.4 0.3 3.7 6.4 5.3 g‑n Total services 4.6 4.0 3.6 4.2 3.0 3.9 6.1 4.0 c Manufacturing 9.2 7.2 8.3 8.4 9.2 8.4 9.1 6.2 Source: own calculations using Eurostat data. box I.1: Data issues in measuring services activities The closest item in the consumer prices index has been used for each service industry. When such an item is unavailable, the index for all services has been used to deflate the turnover series, as follows. Retail trade is presented in constant prices in the original series. For hotels and restaurants, postal activities, and transport services, the corresponding consumer price indices for these industries have been used. Supporting activities for transportation are deflated by the price index for all transport services. Information and communication and telecommunications are deflated by the price index for communications. All other services industries are deflated by the consumer price index for all services.
The business survey indicator used for services industries is calculated as the difference between the percentages of total answers to the survey that consider that demand (turnover) for the firm’s services will increase in the next quarter and the percentage that consider that it will decrease. The indicator is compared with an indicator for manufacturing. The indicator for manufacturing is defined in the same way, although it applies to production expectations for the next quarter. The results for all Chapter I — The aftermath of the crisis — a long and uneven recovery(?) services relative to manufacturing between April 1996 and July 2011 are presented below. The balance for services is in general more positive than the balance for manufacturing until November 2009. Demand expectations declined sharply in the second half of 2008. The decline continues until March 2009 where the opinion balance became less negative and in October 2009, the balances are positive again and rose sharply until the first quarter of 2011 after which they have decreased, cf. Figure I.15. FIgURE I.15: Production and demand expectations: EU services and manufacturing industries between 1996 and 2011 (monthly data) 50 40 30 20 10 0 -10 -20 -30 -40 Apr-96 Apr-97 Apr-98 Apr-99 Apr-00 Apr-01 Apr-02 Apr-03 Apr-04 Apr-05 Apr-06 Apr-07 Apr-08 Services Manufacturing Apr-09 Apr-10 Note: There is a break in the time series due to a change in the classification of economic activities. Data until April 2010 are collected according to NACE Rev. 1.1. Data from May 2010 according to NACE Rev. 2. 28 Source: Directorate General for Economic and Financial Affairs business surveys. 28 See footnote 14 for how the change of classification from NACE Rev. 1.1 to NACE Rev. 2 has affected the time series for the variables. Apr-11 31
Page 1: EU industrial structure 2011 Trends
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Chapter IV International competitiv
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Chapter IV — International compet
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FIgURE IV.1: EU accounts for almost
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TAbLE IV.4: EU exports of manufactu
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iv22 Export market shares Export ma
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iv23 sectoral trade balance The rel
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FIgURE IV.3: EU-27 RCA index in 200
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RCA‑indices for individual manufa
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FIgURE IV.8: China trade in manufac
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communi‑ cation computer and info
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FIgURE IV.13: Japan trade in servic
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FIgURE IV.17: Russia trade in servi
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IV.4 The role of technology in EU s
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The import dependence of exports, v
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In many sectors, outward EU‑27 FD
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iv62 internationalisation of r&d An
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The US is the most important locati
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