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

Retail trade business tendency indicators summarise provisional information on the condition of economic activity in retail trade enterprises, changes thereof, current and future trends and limiting factors. The acquired data serve as the basis for economic analysis and short-term forecast. The main advantage of the Business Tendency Surveys is the simplicity of the method for obtaining results and the timeliness, as well as constant harmonisation within the framework of the European Union.

Definitions

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.

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 the following groups:

  • large – employing 100 persons and more;
  • medium – employing 20 to 99 persons;
  • small – employing 1 to 19 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

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

Classifications

Revision 2 of the Statistical Classification of Economic Activities (NACE Rev. 2) is used in the survey;

 Classification catalogue with classification codes and explanations is published on the homepage of the CSB.

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. Data are acquired in the form of Retail Trade Business Tendency Survey - form 3-TKJ Business Tendency Evaluation in Retail Trade.

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

Statistical Population

Economically active enterprises, the main kind of economic activity according to Statistical Classification of Economic Activities (NACE Rev. 2) is Wholesale and retail trade and repair of motor vehicles and motorcycles (NACE = 45) and Retail trade, except motor vehicles and motorcycles (NACE = 47).

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 590 enterprises.

Statistical Processing

Calculation Method

To obtain results on confidence indicators in retail trade 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 retail trade in total is taken into account. Calculating total confidence indicators in retail trade by enterprise size groups,  share of enterprise's sector in retail trade 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 2003.

International Comparability

Directorate General for Economic and Financial Affairs

Results of the Business Tendency Survey in retail trade 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
Inese  Katkovska +371 67289345 Senior Statistician Inese [dot] Katkovska [at] csb [dot] gov [dot] lv  

Last update

27.05.2016

Confidence indicators in construction

Confidence indicators in manufacturing

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