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