Note Reference period Q4 2011. Inflation adjusted index.
Description The objective of the BTA Fransabank Retail Trade Index is to give a snapshot of the investment activity in the commercial sector, which is the largest sector in the Lebanese economy. The turnover percent change for each sampled establishment is first assigned a weight based on its relative turnover compared to the turnover of the other establishments within the same activity sector. International Standard Industrial Classification 6 digits (ISIC 6 digits) is used. An aggregation is then done within each activity sector (ISIC 6 digits) to calculate a percent change of turnover for this specific activity sector. As many indices as the number of activity sectors (ISIC 6 digits) taken into account are then obtained. On a second stage, ISIC level indices are then aggregated using weights based on the cumulated VAT turnover for each activity sector as provided by the Ministry of Finance. This aggregation provided the final BTA Fransabank Retail Trade Index of the commercial activity for the quarter under review.