Economic sentiment indicator

Business tendency surveys and consumer opinions

Indicator is a composite indicator whose goal is to present the current state of expectations for all participants of economic environment. It consists of the aggregated data derived from the results of the Business Tendency Survey in industry, construction, trade, services and the results of the Consumer Confidence Survey on the current economic situation. The Survey is coordinated by the European Commission, using the same methodology for all EU member states.

Statistical Office of the SR

Index, Business balances

Indicator is a weighted arithmetic mean of the Confidence Indicator in Industry (40 %), Confidence Indicator in Construction (5 %), Confidence Indicator in Trade (5 %), Confidence Indicator in Services (30 %) and Consumer Confidence Indicator (20 %).

IES = a*ICI + b*BCI + c*RCI + d*SCI + e*CCI

whereby

• ICI = Confidence Indicator in Industry
• BCI = Confidence Indicator in Construction
• RCI = Confidence Indicator in Trade
• SCI = Confidence Indicator in Services
• CCI = Consumer Confidence Indicator
• a,b,c,d,e = weights of individual indicator components

The calculated values are converted into the index form to the base period, which is an average of the year 2015.

The Joint Harmonised EU Programme of Business and Consumer Surveys User Guide

Consumer Survey, Consumer Confidence Indicator

Economic mood