A Microdata Study of Company Expectations from Business Survey: part I The Relationship with Turnover Realisations

This study is based on a dataset containing business survey variables and actual turnover realizations at the firm level, which are used to study the link between production expectations and turnover realizations. The aim was to formally test the connection at the micro-level between expectations and realizations, and to test whether expectations are connected more to single month/short-term turnover developments, or more to medium-term developments.