Business climate index
The Business Climate Index is a survey- based index that is designed to provide information about the expectations and sentiments of managers with regard to future market or economic developments.
General
The survey about the assessment of the current and future economic and market development leads to the “business climate” as the result of this survey. A business climate index is one of the soft data that can be classified as leading economic indicators . Its change compared to the previous period provides information about whether the respondents are more optimistic or pessimistic about the market development or their future financial indicators for the next 6 months . The business climate indices are based on a simple indexation. The current business climate is set in relation to the average business climate of the last year ending with 0 or 5 (i.e. 2010, 2015, 2020 etc.), with an index reference value of 100 being assigned to this. Pessimistic assessments are below 100, optimistic assessments accordingly above.
species
The best known and most meaningful is the Ifo Business Climate Index , published for the first time in 1950 by the Ifo Institute for Economic Research . The short-term economic development can be derived from this “Ifo Business Survey” with over 7,000 companies surveyed monthly and a breakdown into more than 300 product groups or sub-markets . Index values above 100 indicate a predominantly optimistic assessment, below 100 a more pessimistic assessment. Other types are the regional IHK business climate indices of the chambers of industry and commerce or the Lake Constance business climate index for the international Lake Constance region .
literature
- Literature on the business climate index in the catalog of the German National Library
Individual evidence
- ↑ Springer Fachmedien Wiesbaden (ed.), Compact Lexicon Economic Theory , 2013, p. 119
- ↑ Springer Fachmedien Wiesbaden (ed.), Compact Lexicon Economic Theory , 2013, p. 191 f.
- ↑ Heiko Aschoff (Ed.), Die Investmentstrategien der Profis , 2006, p. 131