|Unit||Index Number, NSA|
|Adjustments||Not Seasonally Adjusted|
|Business Confidence||2020 Q4||10.6||-5.3||Index Number, NSA||Quarterly|
|Industrial Production||Dec 2020||134.75||128.53||Vol. Index 2000=100, NSA||Monthly|
|Real Change in Inventories||2020 Q4||-35,683||-102,896||Mil. 2018 PHP, NSA||Quarterly|
|Change in Inventories||2019 Q4||-35,437||-70,157||Mil. PHP, NSA||Quarterly|
The Philippines publishes a Business Expectation survey, the results from the survey provide an advanced view on the current and near-term economic and business conditions, and other indicators of aggregate demand that are useful inputs for the formulation of monetary policy including levels of production and economic activity as well as factors that could influence the movement of key economic variables namely, Gross Domestic Product, interest rate, peso/dollar exchange rate and inflation rate.
The confidence "index" is a balance of opinion measure, computed as the difference between the percentages of respondents who voted "up" and "down". A positive CI indicates a favoratble view (excpet for the inflation rate and peso-borrowing rate).
The source writes:
Respondents are drawn from the combined list of the latest available Securities and Exchange Commission’s Top 7,000 Corporations and Business World’s Top 1000 Corporations, consisting of about 1,500 companies [about 40 percent of which is based in the National Capital Region (NCR) while about 60 percent of the firms are based in Areas Outside NCR (AONCR)] covering all 17 regions nationwide.
The BES uses the stratified random sampling design covering corporations from the combined list of SEC’s Top 7,000 Corporations and Business World’s Top 1000 Corporations (ranked based on gross revenues) as sampling units. The combined top corporations are subdivided into 192 strata classified by region. NCR and Areas Outside NCR and by industry sub-groups. Beginning Q1 2012, industry classification of companies shifted from the 1994 Philippine Standard Industrial Classification (PSIC) to the 2009 PSIC.
The survey is conducted every quarter, data is not revised for previous periods.