DATA - Competitiveness indicators (based on CPI indices)<sup>1</sup>

Competitiveness indicators (based on CPI indices)¹
	Euro area	Belgium	Germany	Estonia	Ireland	Greece	Spain	France	Croatia	Italy	Cyprus	Latvia	Lithuania	Luxembourg	Malta	Netherlands	Austria	Portugal	Slovenia	Slovak Republic	Finland
	May 24

	period averages; index 1999 Q1 = 100

1. Period average	95.3	103.6	92.3	153.6	96.4	96.0	106.3	91.7	108.4	96.0	94.7	125.9	149.7	106.6	102.1	103.8	102.0	98.8	101.5	203.5	91.9



2. Percentage change versus previous period	0.2	0.2	0.1	0.2	0.3	0.1	0.0	0.1	0.1	0.1	−0.2	−0.1	−0.4	0.1	0.0	0.2	0.0	0.0	0.0	−0.1	0.0



3. Percentage change versus previous year	1.2	3.0	0.9	1.7	−0.7	0.8	1.7	0.6	2.3	−1.2	0.8	−1.5	−1.3	0.9	0.0	0.8	1.5	0.6	0.7	1.1	−1.1



4. Percentage change since December 1998	−7.0	2.4	−9.1	51.8	−5.8	−3.9	5.7	−9.4	7.1	−5.0	−7.1	28.3	54.9	5.3	2.8	2.8	1.1	−1.6	1.0	103.8	−9.8

Source: ECB.

¹ For the euro area the real effective exchange rate of the euro vis-à-vis 41 trading partners is displayed. For euro area countries the table shows the Harmonised Competitiveness Indicators calculated vis-à-vis these same 41 trading partners plus the other euro area countries. A positive/negative change points to a decrease/increase in price competitiveness. For further information please refer to the explanatory note.