Tendency survey for services industries

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Purpose and history
The economic trends survey for the service sector provides a quick and up-to-date overview of the actual conditions and expectations within selected activities in the service sector. Statistics Denmark established the economic trends survey for the service sector in April 2000. The survey is conducted monthly and presented in accordance with corresponding surveys in the other EU Member States. The establishment of the survey should be seen in relation to the information requirements in stage three of the EMU as specified by the Economic and Financial Committee (EFC). The economic trends survey follows the corresponding surveys for industry and building and construction activities.

Description of Contents
The economic trends survey for the service sectors is intended to provide information about the actual conditions and expectations within selected activities in the service sector. The survey partly includes an assessment of the current general business climate, and partly an assessment of both actual conditions and expectations of the coming period regarding turnover and employment. The actual conditions are concerned with the most recent three-month period compared with the previous three-month period, while expectations cover the forthcoming three-month period compared with the most recent three-month period.

Statistical Concepts
The population on which the economic trends survey is based is limited to private businesses within selected lines of activity in the service sector, as set out in the Danish Industrial Classification of All Economic Activities 2007, cf. list below:

- Hotels and other overnights
551010 -Hotels
551020 -Conference centres and course facilities
552000 -Holiday and other short-saty accomodation
553000 -Recreational vehicle parks, trailer parks and camping grounds
683120 -Housing agencies, letting of holiday homes, etc.
799000 -Other reservation service and related activities
- Restaurants
561010 -Restaurants
- Travel agencies and Tour operators
791100 -Travel agency activities
791200 -Tour operator activities
- Freight transport by road and Freight forwarders
494100 -Freight transport by road
494200 -Removal services
522920 -Freight forwarders
- Rental
771100 -Renting and leasing of cars and other light motor vehicles
771200 -Renting and leasing of trucks
772100 -Renting and leasing of recreational and sport goods
772200 -Renting of video tapes and disks
772900 -Renting and leasing of other personal and household goods
773200 -Renting and leasing og construction and civil engeneering machinery and equipment
773300 -Renting and leasing og office machinery and equipment (including computers)
773900 -Renting and leasing of other machinery, equipment and tangible goods n.e.c.
- Computer business
331200 -Repair of machinery
581100 -Book publishing
581200 -Publishing of directories and mailing lists
581300 -Publishing og newspapers
581410 -Publishing og journals and periodicals
581900 -Other publishing activities
582100 -Publishing of computer games
582900 -Other software publishing
592000 -Sound recording and music publishing activities
620100 -Computer programming activities
620200 -Computer consultancy activities
620300 -Computer facilities mnagement activities
620900 -Other information technology service activities
631100 Data processing, hosting and other related activities
631200 -Web portals
951100 -Repair og computers and peripheral equipment
- Business service in other respects
691000 -Legal activities
692000 -Accounting, bookkeeping and auditing activities; tax consultancy
711100 -Architectural activities
711210 -Consulting engineering activities witin construction
731110 -Advertising agencies
732000 -Market research and public opinion polling
781000 -Activities og employment placement agencies
782000 Temporary employment agency activities
783000 -Other human resources provision
821100 -Combined office administrative servive activities
821900 -Photocopying, document preparation and other specialised office support activities
823000 - Organisation of conventions and trade shows


The sample units are enterprises in the form of legal units. Approximately 2,050 enterprises are included in the sample, representing about 70 per cent of the total number of full-time employees in the selected sectors. Enterprises with up to nine full-time employees are excluded from the survey, while enterprises with 10-99 full-time employees are selected proportionally according to the average number of full-time employees during the most recent four quarters. All enterprises with 100 full-time employees or more are included in the survey.

Calculation: The enterprises' responses are weighted according to the average number of full-time employees in the most recent four quarters. The number of full-time employees is updated quarterly. Hereafter, the responses are enumerated to the number of full-time employees of tthe total population. The values of the enterprises' responses are given in the form of relative figures. For example 30 per cent higher, 50 per cent unchanged and 15 per cent lower for the turnover of the period in question compared with the previous period means that enterprises representing 35 per cent of the full-time employees have reported higher turnover figures, whereas enterprises representing 15 per cent of the full-time employees have reported lower turnover figures.
The difference between the percentage figures for "higher" and "lower" is called net figures, and must be interpreted as the trend. A net figure of +20 per cent does not indicate an expected growth of 20 per cent. Instead the figure indicates that an increase in turnover (net) is expected in enterprises representing 20 per cent of the total number of full-time employees in the service sector.
The composite business indicator indicates expectations for the coming three-month period in terms of employment and turnover in the service sector. The monthly indicator is seasonally adjusted after three years, when sufficient data are available. That means that the first indicator have been seasonally adjusted for May 2003.
The statistics are published for seven sectors:
1. Hotels and other overnights
2. Restaurants
3. Travel agencies and Tour operators
4. Freight transport by road and Freight forwarders
5. Rental
6. Computer business
7. Business service in other respects

Furthermore, the statistics are distributed over three main fields: tourism, transport and business activities and three groups: 10-19 full-time employees, 20-99 full-time employees and 100 full-time employees or more.

1.2.1 Variables
It is a characteristic feature of the method used that the management of the responding enterprises should be able to answer the questions. The questions concern an assessment of actual conditions during the past three months and expectations of the forthcoming three months in terms of the development in the employment and turnover. There are three possible answers to these questions: 'worse', 'unchanged' and 'better'. There is also a question inviting an assessment of the current general business climate, the answers are: 'worse', 'satisfactory' and 'good'.

  Read more about the statistics on 'Economic trends in service sector.' in our Declarations of contents

Releases

Last updated:	30 August 2010
Scheduled releases:	29 September 2010 for the period September 2010

Contact

Christian Andreasen
Telephone:	+ 45 39 17 30 88
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