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Harmonised competitiveness indicators based on consumer price indices*

Harmonised competitiveness indicators based on consumer price indices*

DE

The purpose of harmonised competitiveness indicators (HCIs) is to provide consistent and comparable measures of euro area countries' price and cost competitiveness that are also consistent with the real effective exchange rates (EERs) of the euro. The HCIs are constructed using the same methodology and data sources that are used for the euro EERs. While the HCI of a specific country takes into account both intra and extra-euro area trade, however, the euro EERs are based on extra-euro area trade only. Therefore, the HCIs and euro EERs reflect different phenomena and are not directly comparable. The HCIs complement other competitiveness indicators published by some NCBs which may follow different methodologies and, in some cases, use different price and cost measures in order to account for the specific circumstances in the respective country.

Last update 2019-04-04 11:05:08
EU BE DE EE IE GR ES FR IT CY LV LT LU MT NL AT PT SI SK FI
1. Average 91.5210 101.5666 88.3784 131.8720 98.2401 95.7745 105.6748 92.0911 96.3799 98.2418 116.8541 133.9480 106.6947 106.4893 98.1225 97.3998 100.8300 98.9439 188.4330 94.3345
2. Growth rate to previous period -0.4315 -0.1965 -0.2520 -0.2844 -0.4551 -0.2341 -0.1230 -0.2253 -0.2529 -0.3790 -0.3110 -0.3044 -0.0999 -0.2611 -0.3370 -0.1752 -0.1922 -0.1097 -0.2336 -0.3021
3. Annual rate of change -2.4206 -0.9967 -1.4418 0.1397 -3.4807 -1.3924 -0.9282 -1.6949 -1.7807 -1.8376 0.4065 0.1202 -0.8577 -1.7612 0.1987 -0.9675 -1.3365 -0.6468 -0.5963 -1.1321
4. Percentage change since December 1998 (1998Q4 for quarterly data) -10.6509 0.4925 -12.9778 30.1340 -3.8097 -3.4643 5.2477 -8.9445 -4.4937 -3.4190 19.2359 38.6805 5.5467 7.2198 -2.7933 -3.3788 0.3170 -1.4217 88.7715 -7.2898
(period averages; index 1999 Q1=100)

Legend
·    Data unknown, not to be published or not meaningful
Some values may be estimated or preliminary.
Detailed information on the observation status can be found in the time series view.


* For the euro area, the real effective exchange rate of the euro vis-à-vis 38 trading partners is displayed. For euro area countries, the table shows the harmonised competitiveness indicators calculated vis-à-vis these same trading partners plus the other euro area countries. A positive change points to a decrease in price competitiveness. For further information please refer to the explanatory note.

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