Monitoring of Belarusian Economy
Firms
The bulletin is based on the online survey of 300 SMEs (staffed with 16–250 people when surveyed) in four aggregated business activities: industrial production, construction, wholesale and retail trade, and services. The sample has been stratified (75 companies from each of the enlarged types of business activities have been surveyed). Business owners and top managers have been interviewed.The questionnaire is based on the OECD methodology.
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BCI is calculated similarly to PMI, but BCI has a five-point scale. Extremely negative responses have a weight of 0; negative respons-es have a weight of 0.25; neutral responses have a weight of 0.5; positive responses have a weight of 0.75; extremely positive re-sponses have a weight of 1. The composite index is calculated as the arithmetic mean of the following indices: expected economic performance change, expected financial standing change, expected employment change, and expected production/orders/sales change. The IPM Research Center has applied the same approach when calculating the IPM index.