Business tendency indicators in services (balances, %)
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Confidence indicators in services sector
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.
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).
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).
In respect to the business tendency indicators characterising the level the respondent estimates the current situation (respondent has 3 options: good, satisfactory, bad).