Categories: Economy, Prices, Output and Productivity, Price Indices and Inflation, Services Producer Price Indices
Frequency of release: Ad-hoc
Language: English
Geographical coverage: UK
Geographical breakdown: UK and GB
Survey name(s): Services Producer Price Index (SPPI)
The Services Turnover Survey (STS) is a survey of business-to-business turnover at a detailed service level, conducted by the Office for National Statistics (ONS) every five years to support the re-weighting of the Services Producer Price Index (SPPI).
The SPPI, formerly known as the Corporate Services Price Index (CSPI), was renamed in 2006 for consistency with the more established Producer Prices Indices (PPIs). In turn, the Corporate Services Prices Index Survey into Turnover by Type of Service was renamed as the STS during development in 2010.
The STS is primarily conducted to collect a detailed level of turnover data required to support the SPPI. This year, aggregate estimates from the STS are also being published in their own right.
The STS methodology for deriving a dataset suitable for re-weighting purposes (and publication) has been improved upon, specifically estimation, imputation and disclosure rules.
Improvements have been made to the STS sample design, with the survey having a sample size of 8,000 businesses across 41 different service sector industries.
The 2010 Services Turnover Survey (STS) is a survey of business-to-business turnover by service product, conducted every five years to support the reweighting of the Services Producer Price Index (SPPI). Estimates of business-to-business turnover at industry level and at a more detailed service product level are published. The STS covers 41 individual service sector industries and this is the first such publication of STS data. The STS data are being published as experimental statistics.