strsubcodechain Belgium Business tendency surveys - Data and Methods
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Business tendency surveys - Belgium

Country: Belgium Subject: Business tendency surveys (construction)

BEL.BC.......
Contact person/organisation
As per all European countries, data collection is centralised via the European Commission, http://ec.europa.eu/economy_finance/db_indicators/surveys/time_series/index_en.htm.

Name of collection/source
Data are collected monthly by mail (mainly) and by email. Questionnaires are sent the first working day of the month. Answers are transmitted by pre-paid mail via a free fax number or by email. Reminders are sent to non-responding companies in the middle of the month. Final reminders are made by telephone during the last two days before the end of the fieldwork period.

Direct source
National Bank of Belgium

Sampling
The National Bank of Belgium has collected construction sector data since 1966. The sample frame is the national register of enterprises plus balance sheet office completed with information from chambers of commerce, business federations and agencies of the National Bank of Belgium. The data is monthly and the sample size is 1050 units and covers 24% of total employment in the construction sector. The response rate is 96%.

Weights
Initial weighting is based on annual employment. Second aggregation is weighted by branch of activity on the basis of value added.


Country: Belgium Subject: Business tendency surveys (retail trade)

BEL.BR.......
Contact person/organisation
As per all European countries, data collection is centralised via the European Commission, http://ec.europa.eu/economy_finance/db_indicators/surveys/time_series/index_en.htm.

Name of collection/source
Data are collected monthly by mail (mainly) and by email. Questionnaires are sent the first working day of the month. Answers are transmitted by pre-paid mail, via a free fax number or by email. Reminders are sent to non-responding companies in the middle of the month. Final reminders are made by telephone during the last two days before the end of the fieldwork period.

Direct source
National Bank of Belgium

Sampling
The National Bank of Belgium has collected retail sector data since 1984. The sample frame is the national register of enterprises plus balance sheet office completed with information from chambers of commerce, business federations and agencies of the National Bank of Belgium. The data is monthly and the sample size is 1300 and covers 21% of total turnover in the retail sector. The response rate is 94%.

Weights
Initial weighting is based on annual employment. Second aggregation is weighted by branch of activity on the basis of value added.



Country: Belgium Subject: Business tendency surveys (manufacturing)

BEL.BS.......
Contact person/organisation
As per all European countries, data collection is centralised via the European Commission, http://ec.europa.eu/economy_finance/db_indicators/surveys/time_series/index_en.htm.

Name of collection/source
Data are collected monthly (8 questions) and quarterly (2 questions) between the first working day and the 23rd working day of the month (quarter).

Direct source
National Bank of Belgium


Variables collected

Variables collected are:

- Production: tendency
- Production: future tendency
- Finished goods stocks: level
- Order books: level
- Orders inflow: tendency (q)
- Export order books or demand: level
- Selling prices: future tendency
- Employment: future tendency
- Capacity utilisation: rate of capacity utilisation (q)
- Confidence indicator: composite indicator



Sampling
The sample frame is the national register of enterprises plus balance sheet office completed with information from chambers of commerce, business federations and agencies of the National Bank of Belgium. The data is monthly and the sample size is 1950 units. The response rate is 96%.



Key statistical concept
The results based on the qualitative business tendency survey show businessmen's judgement on developments experienced during the past month, their assessment of the current situation and their expectations for the following three months in their own firm. Questions relate to production, orders, sales, prices and demand.

Aggregation and consolidation
The results are expressed as the per cent balance of positive and negative answers in the total replies which are then converted to a single aggregate series by means of a simple arithmetic mean. A value of +10 means that there were ten per cent more positive than negative replies. All data is on a monthly basis except the degree of capacity utilisation in manufacturing industry which is gauged quarterly.


Weights
Replies of enterprises are weighted according to turnover in respect of each product group. Replies are then aggregated to subsectors and sectors using a weight based on value added figures.

Recommended uses and limitations
In January 2017, series have been revised in order to reflect the NACE Rev.2, firstly introduced in 2011. Data after 1985 come from the EC, which is also responsible for the back-casting technique (see methodological note at http://ec.europa.eu/economy_finance/db_indicators/surveys/documents/studies/backcast_methodological_note.pdf). Data prior 1985 are linked to the existing national source by using a scalar given by the difference between current and previous data of the original time series.

Quality comments
Data come from national sources before 1985.

Other comments
Data include printing and food industries from 1985.



Country: Belgium Subject: Business tendency surveys (manufacturing) > Finished goods stocks > Level > EC Indicator

BEL.BSFGLV02.......
Key statistical concept
Data for the series Stocks of finished goods are presented as the balance of positive "above normal" over negative "below normal" replies expressed as a percentage of total replies.


Country: Belgium Subject: Business tendency surveys (services)

BEL.BV.......
Contact person/organisation
As per all European countries, data collection is centralised via the European Commission, http://ec.europa.eu/economy_finance/db_indicators/surveys/time_series/index_en.htm.

Name of collection/source
Data are collected monthly by mail (mainly) and by email. Questionnaires are sent the first working day of the month. Answers are transmitted by pre-paid mail, via a free fax number or by email. Reminders are sent to non-responding companies in the middle of the month. Final reminders are made by telephone during the last two days before the end of the fieldwork period.

Direct source
National Bank of Belgium

Sampling
The National Bank of Belgium has collected services sector data since 1995.  The sample frame is the national register of enterprises plus balance sheet office completed with information from chambers of commerce, business federations and agencies of the National Bank of Belgium. The data is monthly and the sample size is 1,100 units and covers 20% of total employment in the services sector.  The response rate is 90%.

Sector coverage
The survey covers the following NACE categories: transport (60); Machinery and equipment rental (71); computer related services (72); research and development ((73); other business activities ((74); sewerage and refuse disposal (90).