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The Service Sentiment Indicator - A Business Climate Indicator for the German Business - Related Services Sector

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  • Kaiser, Ulrich
  • Buscher, Herbert S.
Abstract
No other area of the German economy has developed so emphatically in the past ten years as that of business-related services. Regardless their growing importance, business-related services still play only a minor role in official statistics. Above all, official statistics do not provide up-to-date information on the state of the business cycle of this sector. In a situation where such quantitative information is lacking, data obtained from business surveys give important guidelines to the state of this part of the economy. In this paper we show how a relieble compounded business climate indicator for busniness-related services can be constructed from both business survey and national accounts data

Suggested Citation

  • Kaiser, Ulrich & Buscher, Herbert S., 1999. "The Service Sentiment Indicator - A Business Climate Indicator for the German Business - Related Services Sector," CoFE Discussion Papers 99/06, University of Konstanz, Center of Finance and Econometrics (CoFE).
    • Handle: RePEc:zbw:cofedp:9906
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    References listed on IDEAS

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    1. Werner H. Strigel, 1997. "Seit 25 Jahren: das ifo Geschäftsklima als Konjunkturindikator," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 50(27), pages 3-4, October.
    2. Entorf, Horst, 1993. "Constructing leading indicators from non-balanced sectoral business survey series," International Journal of Forecasting, Elsevier, vol. 9(2), pages 211-225, August.
    3. Link, Joachim, 1996. "Dienstleistungen in der amtlichen Statistik," Discussion Papers 13/1996, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Statistics and Econometrics.
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    Cited by:

    1. Kaiser, Ulrich & Kreuter, Markus & Niggemann, Hiltrud, 2000. "The ZEW - Creditreform business survey in the business-related services sector : sampling frame, stratification, expansion and results," ZEW Discussion Papers 00-22, ZEW - Leibniz Centre for European Economic Research.
    2. Kaiser, Ulrich & Voß, Katrin, 1999. "Do Business-related Services Really Lag Behind Manufacturing Industries in the Business Cycle? Empirical Evidence on the Lead/Lag Relationship Between Business-related Services and Manufacturing Indus," ZEW Discussion Papers 99-34, ZEW - Leibniz Centre for European Economic Research.

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