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Ifo Business Survey of the Service Sector – Background, Explanations and Performance

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  • Klaus Wohlrabe
  • Przemyslaw Wojciechowski

Abstract

In terms of gross value added, the service sector is the largest economic sector in Germany. The Ifo Business Survey has systematically covered this sector on a monthly basis since 2005. This article offers background information on the survey of the service sector and explains its results. Moreover, it shows that the survey results are excellent for explaining official statistics, namely that they are very good indicators. As of 2015 there are plans to integrate the service sector in the existing Ifo aggregate for the “industrial sector”, which consists of manufacturing, wholesaling, retailing and construction.

Suggested Citation

  • Klaus Wohlrabe & Przemyslaw Wojciechowski, 2014. "Ifo Business Survey of the Service Sector – Background, Explanations and Performance," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(21), pages 47-53, November.
    • Handle: RePEc:ces:ifosdt:v:67:y:2014:i:21:p:47-53
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    References listed on IDEAS

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    1. Klaus Abberger & Sascha Becker & Barbara Hofmann & Klaus Wohlrabe, 2007. "Mikrodaten im ifo Institut für Wirtschaftsforschung – Bestand, Verwendung und Zugang," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer;Deutsche Statistische Gesellschaft - German Statistical Society, vol. 1(1), pages 27-42, June.
    2. 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.
    3. Sascha O. Becker & Klaus Wohlrabe, 2008. "European Data Watch: Micro Data at the Ifo Institute for Economic Research – The “Ifo Business Survey”, Usage and Access," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 128(2), pages 307-319.
    4. Klaus Abberger & Klaus Wohlrabe, 2006. "Forecasting qualities of the Ifo Business Climate Index - a look at recent studies," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(22), pages 19-26, November.
    5. Georg Goldrian, 2004. "Handbuch der umfragebasierten Konjunkturforschung," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 15.
    6. Klaus Wohlrabe, 2011. "Konstruktion von Indikatoren zur Analyse der wirtschaftlichen Aktivität in den Dienstleistungsbereichen," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 55.
    7. Christian Seiler & Klaus Wohlrabe, 2013. "The Ifo Business Climate and the German Economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(18), pages 17-21, October.
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    Citations

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    Cited by:

    1. Stefan Sauer & Klaus Wohlrabe, 2018. "The New ifo Business Climate Index for Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(07), pages 54-60, April.
    2. Przemyslaw Wojciechowski, 2015. "Business Survey in Focus: Information and Communication," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(07), pages 57-60, April.
    3. Przemyslaw Wojciechowski, 2015. "Business Survey in Focus: Hotel and Catering Industry," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(18), pages 62-66, September.
    4. Franziska Fobbe & Robert Lehmann, 2016. "Electric Motors, Energy Supply and Education: the Quality of Ifo’s Production-Side Short-Term Forecast," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(12), pages 58-63, June.
    5. Sabine Rumscheidt, 2017. "Die ifo Konjunkturumfrage im Großhandel – Frühindikator für die wirtschaftliche Entwicklung der Branche?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(11), pages 49-54, June.
    6. Robert Lehmann, 2023. "The Forecasting Power of the ifo Business Survey," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 19(1), pages 43-94, March.
    7. 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.
    8. Stefan Sauer & Michael Weber & Klaus Wohlrabe, 2018. "Das neue ifo Geschäftsklima Ostdeutschland und Sachsen: Hintergründe und Anpassungen," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 25(03), pages 20-24, June.
    9. Przemyslaw Brandt & Christian Grotemeier & Klaus Wohlrabe, 2017. "BVL Logistics Indicator – Background, Developments and Results," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(20), pages 36-42, October.

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    More about this item

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods

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