Confidence indicators in manufacturing

The Business Survey in manufacturing is conducted by the CSB in accordance with the Joint Harmonised EU Programme of Business and Consumer Surveys, using funding of the European Commission.

Business tendency indicators in manufacturing present information about:

• production activity changes in recent past and in the closest future;
• the total level of orders and the level of export orders;
• the expected employment in the following months;
• product sales prices;
• investment changes in recent past and in the closest future.

The acquired data serve as the basis for economic analysis and short-term forecast.

The main advantage of the Business Tendency Survey is the simplicity of the method for obtaining results and the timeliness, as well as continuous harmonisation within the framework of the European Union.

Enterprise

Economically active enterprises in industry, main kind of economic activity according to Statistical Classification of Economic Activities NACE Rev. 2 is manufacturing (C).

 Joint Harmonised EU Programme of Business and Consumer Surveys.

Statistics database

Regular harmonised surveys are coordinated by the Directorate General for Economic and Financial Affairs (DG ECFIN) for different sectors of the economies in all EU countries.

Comparable monthly data on:

• production activity changes in recent past and in the closest future;
• the total level of orders and the level of export orders;
• the expected employment in the following months;
• product sales prices

are available since January 2004.

Comparable annual data on:

• investment changes in recent past and in the closest future

are available since 2021.

N/A

Industrial business tendency indicators are acquired using monthly statistical report form No. 1-RKJ “Business tendency assessment in industry” and annual form No. 1-IRKJ “Investment Business tendency assessment in industry”. The data is obtained through a sample survey.

Enterprises are selected for the surveys using targeted stratified sample.

Enterprises are stratified accordingly kind of activity by NACE Rev. 2 and the number of employed. The larger the number of employed in the enterprise, the larger the possibility for this enterprise to be included in the sample.

The sample is created as sample independent of other enterprise sample surveys.

Mainly data are submitted in the form of e-report, other means of submission (mail, e-mail, by the telephone) are less common.

To obtain results on confidence indicators in manufacturing in the country in total, data provided by enterprises are weighted with the number of employees in the enterprise, as well as share of enterprise's sector in manufacturing in total is taken into account. Calculating total confidence indicators in manufacturing by enterprise size groups,  share of enterprise's sector in manufacturing in total is not taken into account.

On each question of the survey breakdown of answers by variants is obtained which is expressed in per cent. From this breakdown net (balance) is calculated as difference among shares of the final answers.  For the question with three variants of answers net (N) of answers is calculated according the following formula:

S = ( "+" ) – ( "–" ), where

("+") – share of positive answers ("increased", "above regular") as per cent;

("–") – share of negative answers ("decreased", "below regular") as per cent.

Using net gives opportunity to express answers of the question in one number, changes in answers to this question by periods form simple dynamics row.