Qualitative Business Surveys: Signal or Noise?

Publication date: 11 Sep 2008 | Publication type: NIESR Discussion Paper | NIESR Author(s): Mitchell, J; Weale, M | NIESR Discussion Paper Number: 323

This papers identifies the information content at the firm-level of qualitative business survey data by first examining the consistency between these data and the quantitative data provided by the same respondents to the UK's ONS in official surveys. Since the qualitative data are published ahead of the quantitative data the paper then assesses the ability of the qualitative data to predict (or nowcast) the firm-level quantitative data.