Business index is formed based on the survey of managers who conduct their activities in the service’s industry. This survey is designed to detect the general opinion on the course of development of this industry.
This indicator describes economy’s growth rates fully. If the business index falls lower than 50, it means that economy comes to the stage of stagnation. The popular opinion is that the formation of this index is more influenced by the psychological factors than by the specific events, which occur in the economy. However, this economic indicator stays important. For this reason, a trader must keep it in mind during working and change his attitude towards the certain currency depending on the data that was published as a result of business index research in a country.
Business index indicator is published at the beginning of each month. In fact, this indicator is one of the first that forms or confirms the market’s trends.