Confidence indicators in industry, construction, retail trade and services sectors are obtained by conducting Business Surveys in the respective sectors, and they characterise the overall business situation in these sectors. Business surveys are conducted by the CSB in accordance with the Joint Harmonised EU Programme of Business and Consumer Surveys, using funding of the European Commission.

Definitions

Confidence indicator in manufacturing is composite indicator characterising the development in this sector. It is calculated as net balance of the answers to three questions: current order books and production expectations minus stocks of finished products. Balance is calculated as difference between positive and negative answers, expressed in per cent.

Confidence indicator in retail trade is composite indicator characterising the development of retail trade sector in timeseries. It is calculated as net balance of the answers to three questions: business situation over the last three months, business situation for next three months minus current volume of stocks. Balance is calculated as difference between positive and negative answers, expressed in per cent.

Confidence indicator in construction is a composite indicator characterising the general development of construction sector in timeseries.

It is calculated as net balance of the answers to two questions: level of current order books and employment expectations in next 3 months. Balance is calculated as difference between positive and negative answers, expressed in per cent. 

Confidence indicators in services sector is composite indicator characterising the development of this sector. It is calculated as net balance of the answers to three questions: business situation over the previous 3 months, demand over the last three months and expected demand for the next 3 months. Balance is calculated as difference between positive and negative answers, expressed in per cent.

Consumer confidence indicator characterises population’s assessment of the socio-economic situation in the country and changes to the household’s financial situation.

The survey is conducted by the market and public opinion research centre "Latvijas Fakti".

Dissemination Format and Release Calendar

Advance Release Calendar

Theme Reference period Planned release datesort icon Remarks
Business tendency indicators in construction, in manufacturing, in retail trade and in services sector
  • November 2017
28.11.2017
  • unadjusted data
Economic Sentiment Index
  • November 2017
30.11.2017
Confidence indicators
  • November 2017
30.11.2017
  • seasonally adjusted
Business tendency indicators in construction, in manufacturing, in retail trade and in services sector
  • December 2017
29.12.2017
  • unadjusted data
Economic Sentiment Index
  • December 2017
09.01.2018

Theme Reference period Actual release datesort icon Remarks
Economic Sentiment Index
  • October 2017
31.10.2017
Confidence indicators
  • October 2017
31.10.2017
  • seasonally adjusted
Business tendency indicators in construction, in manufacturing, in retail trade and in services sector
  • October 2017
27.10.2017
  • unadjusted data
Economic Sentiment Index
  • September 2017
29.09.2017
Confidence indicators
  • September 2017
29.09.2017
  • seasonally adjusted

Publications

Theme Title Release datesort icon ZIP/PDF
Business Tendency Business survey results 2016/04 (only in Latvian) 28.11.2016
Business Tendency Business survey results 2016/03 (only in Latvian) 02.09.2016
Business Tendency Business survey results 2016/02 (only in Latvian) 02.06.2016
Business Tendency Business survey results 2016/01 (only in Latvian) 02.03.2016
Business Tendency Business survey results 2015/04 (only in Latvian) 02.12.2015
Business Tendency Business survey results 2015/03 (only in Latvian) 04.09.2015
Business Tendency Business survey results 2015/02 (only in Latvian) 02.06.2015
Business Tendency Business survey results 2015/01 (only in Latvian) 03.03.2015
Business Tendency Business survey results 2014/04 (only in Latvian) 25.11.2014
Business Tendency Business survey results 2014/03 (only in Latvian) 03.09.2014
Business Tendency Business survey results 2014/02 (only in Latvian) 02.06.2014
Business Tendency Business survey results 2014/01 (only in Latvian) 21.02.2014
Business Tendency Business Survey Results 2013/04 (only in Latvian) 21.11.2013
Business Tendency Business Survey Results 2013/03 (only in Latvian) 30.09.2013
Business Tendency Business Survey Results 2013/02 (only in Latvian) 28.06.2013

Classifications

A Classification Catalogue with classification codes and their explanations has been published on the CSB website.

Customised Datasets

If you would like to obtain statistical data that are not available in publications or in the CSB online data base, please send us an information request:
 - postal mail: 1 Lāčplēša Street, Riga, Latvia, LV-1301;
 - e-mail: info [at] csb [dot] gov [dot] lv;
 - visiting Information centre.

Read more

Data Collection

Survey Method and Source Data

Data are collected from the Business Tendency Surveys carried out by the Central Statistical Bureau of Latvia (see more detailed description of methodology) and Consumer Surveys conducted by the market and public opinion research centre "Latvijas Fakti".

Statistical Population

Population coverage

Population of the Consumer Surveys is the permanent residents of Latvia (the sample is created proportionally in line with the following characteristics: sex; age; nationality; geographical dispersion). Sample size – 1000 permanent residents of Latvia aged 15 to 74.

Enterprise Coverage

Respondents of manufacturing, service, construction and retail trade surveys are economically active enterprises, the key activity of which in line with NACE Rev. 2 classification is manufacturing, service, construction and retail trade.

Statistical Processing

Calculation Method

Confidence indicator in manufacturing is calculated as net mean amount of answers on three questions: general level of production demand; changes of the expected production activity and level of finished production stock with opposite sign. Balance is calculated as difference between positive and negative answers expressed as per cent.

Confidence indicator in construction is calculated as net mean amount of answers on two questions: current level of orders and employment expected in the following 3 months. Balance is calculated as difference between positive and negative answers expressed as per cent.

Confidence indicators in retail trade is calculated as net mean amount of answers on three questions: enterprise activity in the last three months, enterprise activity in the following three months and level of production stock (with opposite sign). Balance is calculated as difference between positive and negative answers expressed as per cent.

Confidence indicator in services sector is calculated as net mean amount of answers on three questions: situation of enterprise’s economic activity in the last three months, demand for services provided by the enterprise in the last three months and demand for services provided by the enterprise in the following three months. Balance is calculated as difference between positive and negative answers expressed as per cent.

Consumer confidence indicator, using similar methodology, from four balances of consumer situation survey questions, is calculated by social research agency “Latvian Facts”

Comparability

Comparability over time

Comparable data are available since:

consumer confidence indicator - January 1993

manufacture confidence indicator - April 1993

construction confidence indicator - July 1993

retail trade confidence indicator - January 1996

services sector confidence indicator - February 2002

International Comparability

Directorate General for Economic and Financial Affairs

For more information see: 

https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys_en

Confidentiality

Confidentiality of the information provided by respondents is protected by the Section 17 of the Statistics Law stipulating rights and obligations of the Central Statistical Bureau of Latvia and other state authorities producing official statistics. Read more

Quality

Quality reports are prepared in accordance with the EU requirements in specific statistical domain.

They provide detailed information on the data life cycle and data quality. Quality reports are available here.

Contact person on methodology

Last update

27.05.2016

Confidence indicator in construction

Confidence indicator in manufacturing

Confidence indicator in retail trade

Confidence indicator in services sector

Explanation of symbols

-

Magnitude zero

0

Less than half of the unit employed

...

Data not available or too uncertain for presentation

X

Figure not applicable because column heading and stub line make entry impossible, absurd or meaningless

.

Data not released for confidentiality reasons

If data are absolute numbers

0

Magnitude zero