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in the keywords:  Business trends, Business cycles, Business fluctuations, Synthetic indicator of economic activity, Qualitative coefficients
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EN
The paper presents several composite indicators of business activity based on the CSO survey data for manufacturing, construction, and retail trade, developed according to EU concepts and standards. These include confidence indicators for individual sectors and various indices of business climate. The time series cover the period between 1992 or 1993 and 1998. Empirical analysis of time series, confronted with the reference index of industrial output, enabled the author to discriminate upward and downward phases of cyclical movement. Some of the composite indicators cannot be fully suited to EU concepts because of different input data. General condition of national economy can be estimated using the economic climate index based on the assessment of the current and future economic situation of enterprises in manufacturing and trade. The more comprehensive concept of economic sentiment indicator could not be compiled due to the lack of CSO survey data for households.
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