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The Service Sentiment Indicator - A Business Climate Indicator for the German Business - Related Services Sector

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Author Info

  • Ulrich Kaiser

    () (Center of Finance and Econometrics)

  • Herbert S. Buscher

    () (Center of Finance and Econometrics)

Abstract

No other area of the German economy has developed so emphatically in the past ten years as that of business-related services. Regardless their growing importance, business-related services still play only a minor role in official statistics. Above all, official statistics do not provide up-to-date information on the state of the business cycle of this sector. In a situation where such quantitative information is lacking, data obtained from business surveys give important guidelines to the state of this part of the economy. In this paper we show how a relieble compounded business climate indicator for busniness-related services can be constructed from both business survey and national accounts data

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Bibliographic Info

Paper provided by Center of Finance and Econometrics, University of Konstanz in its series CoFE Discussion Paper with number 99-06.

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Length: 16 pages
Date of creation: Apr 1999
Date of revision:
Handle: RePEc:knz:cofedp:9906

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  1. Entorf, Horst, 1993. "Constructing leading indicators from non-balanced sectoral business survey series," International Journal of Forecasting, Elsevier, vol. 9(2), pages 211-225, August.
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Cited by:
  1. Kaiser, Ulrich & Voß, Katrin, 1999. "Do business-related services really lag behind manufacturing industries in the business cycle?," ZEW Discussion Papers 99-34, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  2. Kaiser, Ulrich & Kreuter, Markus & Niggemann, Hiltrud, 2000. "The ZEW - Creditreform business survey in the business-related services sector : sampling frame, stratification, expansion and results," ZEW Discussion Papers 00-22, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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