The Service Sentiment Indicator | A Business Climate Indicator for the German Business{Related Services Sector
نویسندگان
چکیده
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 o cial statistics. Above all, o cial 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 reliable compounded business climate indicator for business{ related services can be constructed from both business survey and national accounts data.
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