|Unit||Balance of Opinion, SA|
|Business Confidence||Dec 2021||-3.3||0||Balance of Opinion, SA||Monthly|
|Capacity Utilization||2021 Q4||80.9||82.7||%, SA||Quarterly|
|Industrial Production||Nov 2021||127.6||117.9||Index 2015=100, NSA||Monthly|
|Change in Inventories||2021 Q3||1,691||694.3||Mil. EUR, NSA||Quarterly|
|Real Change in Inventories||2021 Q3||708.2||429.35||Mil. Ch. 2015 EUR, SA||Quarterly|
The economic sentiment indicator is composed of the industrial confidence indicator (40%), the construction confidence indicator (5%), the retail trade confidence indicator (5%), the services confidence indicator (30%) and the consumer confidence indicator (20%). All confidence indicators are balances.
Method of data collection by source is standardized interview using a questionaire. A basic sample is defined by the source to consists of 4,416,076 citizens of the SR area at the age of 16 or more years. The sample score is 1,200.
The source defines:
The economic sentiment indicator (ESI): 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.
Components: The confidence indicator in industry is the arithmetic average ofthe balances (%) of the questions on production expectations, order-books and stocks (the last with inverted sign). The confidence indicator in construction is the average of thebalances (%) for the questions on order-books and employment expectation. The confidence indicator in retail trade is the arithmeticaverage of the balances (%) for the present and the future businesssituation, and for stocks - with inverted sign. The confidence indicator in services is the arithmetic average ofthe balances (%) for the questions on order-books, present businesssituation and the future questions on order-books.The consumer confidence indicator is the arithmetic average of the balances (%) of four questions: the financial situation ofhouseholds, the general economic situation, unemployment expectations(with inverted sign) and savings, all over the next 12 months. IES = a*ICI + b*BCI + c*RCI + d*SCI + e*CCI where ICI = The confidence indicator in industry, BCI = The confidence indicator in construction, RCI = The confidence indicator in retail trade, SCI = The confidence indicator in services, and CCI = The consumer confidence indicators. a,b,c,d,e = balances.
Data is subject to revisions.