The Business Survey in manufacturing is conducted by the CSB in accordance with the Joint Harmonised EU Programme of Business and Consumer Surveys, using funding of the European Commission.

Business tendency indicators in manufacturing present production activity changes in recent past and in the closest future and cover such aspects as the total level of orders and the level of export orders, the expected employment and product sales prices in the following months. The acquired data serve as the basis for economic analysis and short-term forecast. The main advantage of the Business Tendency Survey is the simplicity of the method for obtaining results and the timeliness, as well as continuous harmonisation within the framework of the European Union.

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.

In respect to the business tendency indicators characterising the future trend the respondent gives evaluation of the expected changes in next 3 months (respondent has 3 options: (will improve, will not change, will worsen).

Enterprises are broken down into following groups:

  • large – employing 200 persons and more;
  • medium – employing 50 to 199 persons;
  • small – employing 1 to 49 persons.

In respect to the business tendency indicators characterising the level the respondent estimates the current situation (respondent has 3 options: good, satisfactory, bad).

In respect to the business tendency indicators characterising the trend the respondent estimates the changes during the last 3 months (respondent has 3 options: improved, did not change, worsened).

Dissemination Format and Release Calendar

Advance Release Calendar

Classifications

The following classifications are used for the survey:

  • Revision 2 of the Statistical Classification of Economic Activities (NACE Rev. 2);
  • Main Industrial Groupings Classification (MIG).

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

Publications

Download CSB publications on various time periods (starting from 2007) in section E-publications and subscribe for paper publications in section 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

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 acquired by means of sample survey. Information is obtained from statistical report form "Business Tendency Evaluation in Industry" (1-RKJ).

In home page section For Respondents/Questionnaires you can find questionnaires of surveys.

Statistical Population

Economically active enterprises in industry, main kind of economic activity according to Statistical Classification of Economic Activities NACE Rev. 2 is manufacturing.

Sample size

Enterprises are selected for the surveys using targeted stratified sample.

Enterprises are stratified accordingly kind of activity by NACE Rev. 2 and the number of employed. The larger the number of employed in the enterprise, the larger the possibility for this enterprise to be included in the sample.

The sample is created as sample independent of other enterprise sample surveys.

In 2016 sample includes 970 enterprises.

Statistical Processing

Calculation Method

To obtain results on confidence indicators in manufacturing in the country in total, data provided by enterprises are weighted with the number of employees in the enterprise, as well as share of enterprise's sector in manufacturing in total is taken into account. Calculating total confidence indicators in manufacturing by enterprise size groups,  share of enterprise's sector in manufacturing in total is not taken into account.

On each question of the survey breakdown of answers by variants is obtained which is expressed in per cent. From this breakdown net (balance) is calculated as difference among shares of the final answers.  For the question with three variants of answers net (N) of answers is calculated according the following formula:

S = ( "+" ) – ( "–" ), where

("+") – share of positive answers ("increased", "above regular") as per cent;

("–") – share of negative answers ("decreased", "below regular") as per cent.

Using net gives opportunity to express answers of the question in one number, changes in answers to this question by periods form simple dynamics row.

Data Revision

The published data may be revised.

Comparability

Comparability over time

Comparable data are available since January 2004.

International Comparability

Directorate General for Economic and Financial Affairs

Results of the Business Tendency Survey in manufacturing are published without exclusion of the seasonal fluctuations. In the timeseries of the Business Tendency and Consumer Surveys published by the Directorate General for Economic and Financial Affairs under section Economic databases and indicators, business tendency results are provided in two forms: before exclusion of seasonal fluctuations and after exclusion.

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

Contact person on methodology

Name Surname Telephone number Post E-mail
Inta Mūkina +371 67286684 Senior Statistician Inta [dot] Mukina [at] csb [dot] gov [dot] lv

Last update

27.05.2016

Confidence indicators in construction

Confidence indicators in retail trade

Confidence indicators in services sector

Economic sentiment indicator and confidence indicators

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