Qualitative business surveys: signal or noise?


Silvia Lui, National Institute of Economic and Social Research, 2 Dean Trench Street, Smith Square, London, SW1P 3HE, UK.
E-mail: s.lui@niesr.ac.uk


Summary.  The paper identifies the information content at the firm level of qualitative business survey data by examining the consistency between these data and the quantitative data that are provided by the same respondents to the UK's Office for National Statistics 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 the firm level quantitative data.