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Supply and Use in PYP

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The Supply and Use Tables are deflated using the double deflation method. This method applies deflators to each product in the tables and produces Gross Value Added (GVA) in previous year prices (PYP) by subtracting the PYP intermediate consumption data from the PYP domestic supply data. This differs from the CSO's National Income and Expenditure publication (NIE), which uses the output volume method to deflate GVA by industry. The Supply and Use Tables are aligned to the current and PYP expenditure components in the NIE. This results in the same aggregate inflation rates for the aggregate expenditure components and aggregate GVA.

Note that GVA can be subject to extreme price movements using the double deflation method when current price GVA is a relatively small share of current price Output. This can even occur when the price changes in Output and Intermediate Consumption are small. Further information about this methodology can be found in the Background Notes.

Figure 3.1 displays inflation by product in the 2018 Supply Tables. Total Supply had an overall inflation rate of one percent. Products of Construction (CPA 41-43) had the highest level of inflation of five percent. In contrast, products of Manufacturing (CPA 5-39) declined in value by one percent. Imports and domestic supply had overall inflation rates of one percent. Since Trade Margins are zero in total, overall inflation of Trade Margins was also zero. Inflation of product taxes minus subsidies was almost zero. Different inflation patterns occurred for different components of the Supply Table, even within the same product grouping. Note that the large and negative implied deflator for product taxes and subsidies in two product groupings is related to the interaction of price changes across product subgroups and across the tax and subsidy components.

X-axis labelTotal SupplyDomestic SupplyImportsMarginsProduct taxes minus subsidies
Total
(CPA 1-97)
0.8745641918332490.5961444076302281.4972631450493400.499480056351809
Agriculture,
forestry &
fishing (1-3)
0.330179564592026-0.883142328702083.404674690864584.29483826289518-30.3087105360854
Manufacturing
(5-39)
-1.39984984938473-3.365971008593333.29264728129615-0.758562834531396-0.474249271695992
Construction
(41-43)
5.353010955340645.647602986504495.0979254333027202.30639065199165
Distribution, transport
& communication
(45-61)
3.983995454904242.022944625566314.82182390387564-0.52897093109634-1.41620311435664
Business services
(62-82)
1.607850857782943.23968547538767-0.2326389717862489.75753650634936-0.383332124575231
Other services
(84-97)
3.175576091463152.871253934710370.5638737908537198.46863566547855-25.3726530178497

Figure 3.2 displays inflation by product in the 2018 Use Table. Aggregate Inflation for Total Uses exactly matched that for Total Supply at one percent. Aggregate inflation for Intermediate Consumption was close to zero percent. Final Consumption and Capital Formation had inflation of five percent. Aggregate inflation for Exports was minus one percent.

X-axis labelTotal UsesIntermediate ConsumptionFinal Consumption
& Capital Formation
Exports
Total
(CPA 1-97)
0.8745641918332270.4780604697347985.02340523635609-1.08248598616334
Agriculture,
forestry &
fishing (1-3)
0.33017956459207-0.4679503464650074.2719362523997-0.719523550188217
Manufacturing
(5-39)
-1.399849849384680.1600536294500194.419740308622-4.10478092150834
Construction
(41-43)
5.353010955340864.971211303083765.556476471028174.58414930686277
Distribution, transport
& communication
(45-61)
3.983995454904223.6205375608367.558040472989073.32231735866935
Business services
(62-82)
1.6078508577829-0.2329412024812965.856097092511181.71583616317859
Other services
(84-97)
3.17557609146293-1.014282077731833.71561627531925.61945737745786

Figure 3.3 shows that overall inflation of Output was half a percent, inflation of Intermediate Consumption was close to half a percent and GVA inflation was one percent. However, there was considerable variation across industries. Output inflation for Construction (NACE 41-43) was six percent, while inflation of Intermediate Consumption was three percent. This led to a greater absolute increase for Output than Intermediate Consumption. Since GVA forms a relatively small share of output for this industry, this resulted in GVA inflation of 15 percent. In contrast, Agriculture, forestry and fishing (NACE 1-3) had Output inflation of less than minus one percent, while inflation of Intermediate Consumption was minus two percent. This resulted in GVA inflation of four percent.

X-axis labelOutput Intermediate ConsumptionGross Value Added
Total
(NACE 1-97)
0.5961444076302280.4780604697347980.726897231349377
Agriculture,
forestry &
fishing (1-3)
-0.63245786467423-2.197629500666623.73708814172169
Manufacturing
(5-39)
-3.1266272106967-0.169593059477646-6.0891344306254
Construction
(41-43)
5.590858683183762.4974655332036914.9226693616661
Distribution, transport
& communication
(45-61)
1.681692431976781.509201982977191.86978967570195
Business services
(62-82)
3.326725102134340.2668421096194477.27426145442354
Other services
(84-97)
2.791020542864131.176775344536333.70199802216147

 

Table 3.1 below contains an aggregated version of the 2018 Supply Table in PYP.

Table 3.1 Summary of 2018 Supply Table at previous year prices €m
 Industries    €m
 Agriculture, forestry & fishingManufacturingConstruction Distribution, transport & communicationBusiness servicesOther servicesTotal DomesticImports c.i.f. (cost, insurance & freight inclusive)MarginsProduct taxes less subsidiesTotal Supply (purchasers' prices)
Products(1-3)(5-39)(41-43)(45-61)(62-82)(84-97)     
Agriculture, forestry & fishing9,886100062510,5121,2132,064-2813,761
Manufacturing23232,64101,61744110234,43589,66043,99912,946381,040
Construction286027,867001428,16636002,69331,220
Distribution, transport & communication172,9840112,421290115,45038,114-46,0792,496109,982
Business services03,0242033,359187,132812194,531168,34403,820366,695
Other services100033054,08854,1318216-58253,648
Output at basic prices10,221238,65028,070117,430187,20555,648637,225297,773021,347956,345

Disaggregate data for PYP supply in 2018 and previous years can be found below.

Supply Table at previous year prices for 2018: Supply and Use Tables 2018 Table 3.2 (XLS 35KB)

Get the data: PxStat NIA17, Eurostat database

 

Table 3.3 below contains an aggregated version of the 2018 Use table in PYP.

Table 3.3 Summary of 2018 Use Table at previous year prices €m
 Industries    €m
 Agriculture, forestry & fishingManufacturingConstruction Distribution, transport & communicationBusiness servicesOther servicesTotal inter-industryFinal ConsumptionCapital FormationExports f.o.b. (free on board)Total Uses
Products(1-3)(5-39)(41-43)(45-61)(62-82)(84-97)     
Agriculture, forestry & fishing2,5777,1281252601620610,3112,301731,07613,761
Manufacturing3,90855,8097,48921,2715,03110,116103,62442,38826,677208,351381,040
Construction1711,2848,80123345110,74215020,2616731,220
Distribution, transport & communication10810,5621,50813,4069,8783,17338,63514,461056,886109,982
Business services66543,6532,99525,50188,3873,900165,10024,94743,200133,448366,695
Other services981,0001648172,1132,2296,42146,28620673553,648
Total Intermediate Consumption7,526119,43521,08261,256105,45920,075334,834130,53390,417400,562956,345
Gross Value Added (GVA) at basic prices2,696119,2156,98856,17481,74535,573302,391
Output at basic prices10,221238,65028,070117,430187,20555,648637,225

Disaggregate data for PYP Uses in 2018 and previous years can be found below.

Use Table at previous year prices for 2018: Supply and Use Tables 2018 Table 3.4 (XLS 63KB)

Get the data: PxStat NIA18, Eurostat database

 

Go to next chapter:Background notes

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