Business Outlook Survey

Business Sentiment Indices

BSIs presented in this table are realised numbers while the numbers given within parenthesis show the respondent’s expectations of the next quarter during the current quarter.

Business Sentiment Index (a) (BSI)  2016 2017 2018 2019
Q4  Q1 Q2 Q3 Q4 Q1 Q2  Q3 Q4 Q1 Q2
Business condition
(Level)
102 95 85 95 97 87 78 66 61 74 -
(119) (106) (106) (99) (107) (107) (101) (101) (73) (81) (72)
Profitability 
(Q-o-Q)
93 81 74 79 92 89 72 - - - -
 (114) (92) (98) (104)  109) (108) (105) (106) - - -

Profitability 
(Y-o-Y)

- - - - - - - 69 87 83 -
- - - - - - - - (97) (110) (103)
Skilled Labour Availability 
(Y-o-Y)
95 92 90 89 97 96 95 93 93 100 -
 (95)  (102)  (94)  (91)  (89)  (99) (95) (96) (93) (97) (104)
Demand 
(Y-o-Y)
123 132 116 110 108 122 111 116 125 120 -
(140) (126) (138) (132) (134) (137) (137) (124) (120) (131) (123)
Sales 
(Y-o-Y)
125  127 116 114 114 119 118 120 127 125 -
 (133)  (125)  (129)  (135)  (131)  (136) (143) (127) (130) (127) (119)
Capacity Utilization 
(Y-o-Y)
121 131 117 114 120  128 116 115 121 120 -
(130) (127) (134) (130) (126) (126) (127) (123) (126) (128) (121)

(a) BSIs presented in the above table are realised numbers while the numbers given within parenthesis show the respondent's expectations for the relevant quarter given during the preceding quater.

BSIs Series >>

Overview of Business Sentiment Indices 

What it means?

The BSIs are compiled by CBSL to grasp the business condition for the current quarter and the outlook for the following quarter by conducting a survey on entrepreneurs’ perception.

Who is surveyed?

The sample of enterprises was selected using judgmental sampling method with stratification based on sectoral contribution to the GDP. The latest survey for the 1st Quarter of 2019, which was carried out during 27th March 2019 to 2nd May 2019, covered around 100 respondents.

How it is compiled?

BSIs were calculated using the method introduced by the Organisation for Economic Co-operation and Development (OECD) manual as follows,

 

 Xi takes values of +1, 0 or -1 depending on the answer given by enterprise i

 

n is the number of reporting units in the  sector sample

  

Where Wk: kth sector's GDP weight 

Interpretation 

Compiled BSIs will consists of values ranging from 0 to 200 where the general interpretation is as follows,

BSI=100 means business sentiment is unchanged

BSI>100 means business sentiment has improved

BSI<100 means business sentiment has worsen

 

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