Scope

Sector coverage The standardised BCIs represent only the manufacturing sector. Other sectors (construction, retail trade and other services) were not included since data availability is scarce among Non European Union OECD member countries and in the Big 6 OECD Non-member Economies. In order of preference the following types of business survey data have been used to calculate the standardised indicators by country: the harmonized industrial confidence indicator, business confidence indicators (either using the national definition or by computing it internally) or business situation.

Concepts

Key statistical concept The standardised Business Confidence Indicators (BCI) are confidence indicators comparable across countries. Comparability has been achieved by careful selection of national indicators, and by smoothing, centring, and amplitude adjusting these series. For the majority of the countries the standardised BCI is calculated from harmonised industrial confidence indicators (based on a common methodology). The OECD has decided to fix 100 as mean of the OECD Standardised BCI. Therefore 100 represents the long term average, or normal situation, and is not attached to a specific base year.

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Related Metadata:

All Higher Levels Main Economic Indicators