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Ifo’s Profit Situation Assessments as an Indicator for Earnings Development in Manufacturing

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  • Michael Ebnet

Abstract

While official data on trends in earnings are available during the year and on a relatively timely basis, the annually published structural statistics generally only appear with a significant time lag. It is particularly difficult to make statements on the current sales situation in an economic sector and/or a branch – especially since sales are a basic determinant of earnings development, but not the only factor. A check of whether company assessments of their current profit situation made as part of the Ifo Business Survey can close the information gap opened up by the time lag in the release of official statistics shows that for manufacturing on the whole, and for many of its individual branches, a higher synchronisation of the results calculated based on official statistics and the results of the Ifo survey prevails. This means that the Ifo assessments of profits are, in the case of manufacturing on the whole, as well as in many of its branches, a relatively reliable and accurate indicator of earnings development.

Suggested Citation

  • Michael Ebnet, 2015. "Ifo’s Profit Situation Assessments as an Indicator for Earnings Development in Manufacturing," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(06), pages 33-39, March.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:06:p:33-39
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    References listed on IDEAS

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    1. Christian Seiler, 2012. "The Data Sets of the LMU-ifo Economics & Business Data Center – A Guide for Researchers," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 132(4), pages 609-618.
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    Cited by:

    1. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.

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    More about this item

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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