Investment activity in industry - October (NACE Rev. 2)



INVESTMENT ACTIVITY IN INDUSTRY - OCTOBER 2018
Name of indicators    
Expected growth of investments in industry (current year compared to the previous year) % -12.7
Types of investment (current year):    
 - Replacement of worn-out equipment % 27.5
 - An increase of production capacity % 34.0
 - Mechanization or automatization of existing production processes and for introduction of new technologies % 24.9
 - Other (protection of the environment, safety measures, etc.) % 13.6
Distribution of expected investments (current year, by main industrial groupings):    
 - Production of durable goods % 2.3
 - Production of non-durable goods % 18.7
 - Energy and water-related industries % 21.7
 - Production of intermediate goods % 42.9
 - Production of investment goods (including manufacture of motor vehicles, trailers and semi-trailers) % 13.6
 - Others % 0.8
Factors influencing decisions for investments (current year):    
 - Demand balance 47.7
 - Financial resources or expected profits balance 44.0
 - Technical factors balance 37.0
 - Other balance 9.8
Planned growth of investments in industry (next year compared to current year) % -8.7
Types of investment (next year):    
 - Replacement of worn-out equipment % 31.3
 - An increase of production capacity % 33.3
 - Mechanization or automatization of existing production processes and for introduction of new technologies % 20.5
 - Other (protection of the environment, safety measures, etc.) % 14.9
Distribution of planned investments (next year, by main industrial groupings):    
 - Production of durable goods % 2.1
 - Production of non-durable goods % 16.5
 - Energy and water-related industries % 29.3
 - Production of intermediate goods % 39.4
 - Production of investment goods (including manufacture of motor vehicles, trailers and semi-trailers) % 12.2
 - Others % 0.5
Factors influencing decisions for investments (next year):    
 - Demand balance 47.4
 - Financial resources or expected profits balance 44.2
 - Technical factors balance 36.4
 - Other balance 9.6
14.11.2018
Investment activity in industry
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

Statistics on Tourism and Business surveys Department

Contact name

Mariya Gergova

Contact person function

Head of department

Contact mail address

2, P. Volov Str., 1038 Sofia, Bulgaria

Contact email address

[email protected]

Contact phone number

+359 2 9857 529

Contact fax number
Metadata update
Metadata last certified19 September 2017
Metadata last posted19 September 2017
Metadata last update19 September 2017
Statistical presentation
Data description

The survey gathers information about the carried out investment and investment plans of the enterprises. The inquiry is conducted twice a year - in March and in October, and the questionnaires have different content. The March survey gathers information about the investment during the current year and previous two years, while the October survey - about the investment in the previous, present and next year, and the influence of definite factors on the investment over the present and next year.

Classification system

Classification of Economic Activities (CEA-2008, for international use NACE.BG-2008)

Sector coverage

The survey covers enterprises in the industrial sector.

Statistical concepts and definitions

Based on data received from March survey is calculated the expected percentage change of the investment carried out during the current year in comparison with the investment from the previous year. Based on results from October survey is calculated the percentage change of the investment carried out during the current year compared to the previous year, and also the expected investment for the next year compared to the current year.

Statistical unit

Enterprise.

Statistical population

About 3800 enterprises are surveyed

Reference area

At national level: total for the territory of Republic of Bulgaria.

At European level: General for Economic and Financial affairs Directorate publishes for the EU member states, Euro area and EU candidate countries.

Time coverage

The time series of data are published from 2003 (at Information System INFOSTAT of the National Statistical Institute).

Base period

Not applicable.

Unit of measure

Per cent

Reference period

Year

Institutional mandate
Legal acts and other agreements

Joint harmonised EU programme of business and consumer surveys.

Manual to the Joint harmonised EU programme of business and consumer surveys.

Special European Economy Report, December 2006.

Data sharing

The indicators are provided to EC, DG "Economic and Financial affairs", according to concluded agreement.

Confidentiality
Confidentiality - policy
  • Law on Statistics;
  • Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4)) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society.
Confidentiality - data treatment

Individual data are not published in accordance with article 25 of the Law on Statistics. The publishing of individual data can be performed only in accordance with article 26 of the same law.

Release policy
Release calendar

The date of publication of statistical information is indicated in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute. The data are announced in the first two weeks after the reference period.

Release calendar access

The calendar is available on the NSI website: http://www.nsi.bg/en/node/480

User access

Business surveys data are published on the NSI website, section Business statistics - Business Surveys in accordance with the Law on Statistics (Chapter 5) and the European Statistics Code of Practice respecting the professional independence and aimed at objectivity, transparency and equal treatment of all consumers.

Frequency of dissemination

Annual.

Accessibility and clarity
News release

NSI publishes regular press releases "Investment activity in industry"  in the first two weeks after the reference period.

Publications

Analytical publication "Bulgaria 2011 - statistical panorama"

On-line database

Data on Investment activity in industry are available to all users of the NSI website under the heading Business statistics - Business Surveys - Investment activity in industry: http://www.nsi.bg/en/node/4379

Micro-data access

Not applicable.

Other

Not applicable.

Documentation on methodology

· Manual to the Joint harmonised EU programme of business and consumer surveys: https://ec.europa.eu/info/sites/info/files/bcs_user_guide_en_0.pdf;

· Special European Economy Report, December 2006: http://ec.europa.eu/economy_finance/publications/publication7568_en.pdf

Quality documentation

Not applicable.

Quality management
Quality assurance

The applied statistical practice of providing data is according to the harmonized European Union programme for business surveys.

Quality assessment

The quality of the time series is monitored and controlled on an annual basis.

Relevance
User needs

Main users of the data are Government institutions, research institutions and other users from the country, the European Commission, and other international organizations.

User satisfaction

The users'  satisfaction survey is not carried out.

Completeness

According to the harmonized European Union programme.

Accuracy and reliability
Overall accuracy

In sample surveys may be mistakes in the registration of answers, processing, and others.

Sampling error
Non-sampling error
Timeliness and punctuality
Timeliness

The NSI presents information about business surveys in the first two weeks after the reference period.

Punctuality

The data are disseminated according to the planned schedule.

Coherence and comparability
Comparability - geographical

The data received at national level are comparable between different countries carrying out business surveys according to Joint harmonised EU programme.

Comparability - over time

The time series data are comparable.

Coherence - cross domain

Not applicable.

Coherence - internal

Not applicable.

Cost and burden

In order alleviate the business in submitting statistical data, reducing the respondents"  burden and improve the quality of data in statistical surveys since October 2012 "Business survey of investment activity in industry" are conducted through web-based questionnaires.

Data revision
Data revision - policy

Not applicable.

Data revision - practice

Not applicable.

Statistical processing
Source data

Main data source are questionnaires.

Frequency of data collection

Annual.

Data collection

Methods of data collection:

· Through the web application and in order to reduce the degree of non-response is provided sending informational and reminder letters;

· Printed form is sent to the respondents by email or postal mail, and then they collect from RSOs that shall introduce the information in the application.

Data validation

In introducing and recording data obligatory control is performed according to set validation rules. If the information given in a questionnaire does not meet the requirements of validation are appear the error messages on user's screen. Performed and verify as regards the output data.

Data compilation

The data processing is performed by developed application software.

Adjustment

Not applicable.

Comment
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    In April 2019, the total business climate indicator increases by 1.9 percentage points compared to March. An improvement of the business conjuncture is registered in industry, construction and service sector, while in retail trade the indicator preserves approximately its level from the previous month.

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    In March 2019, the total business climate indicator preserves approximately its February level as an improvement is registered only in retail trade.

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