SORSA is an acronym that stands for "Statistical Office of the European Communities – Joint Harmonised EU Programme of Business and Consumer Surveys." It is an institution responsible for conducting surveys and collecting statistical data on business and consumer behavior within the European Union. SORSA's main objective is to provide accurate and up-to-date information that can be used for economic analysis and decision-making at both the national and European levels.
SORSA is primarily concerned with collecting data through surveys that cover various economic sectors, such as retail trade, construction, industry, and services. These surveys involve gathering information on topics like business climate, production levels, employment trends, investment plans, consumer confidence, and purchasing intentions. The data collected by SORSA is standardized and harmonized across the European Union to ensure comparability and consistency.
The information gathered by SORSA is instrumental in tracking economic trends, analyzing the impact of policies and regulations, and assessing the overall health of businesses and consumers within the EU. It plays a crucial role in providing decision-makers, governments, businesses, and researchers with reliable data to support evidence-based decision-making and policymaking.
Overall, SORSA acts as a central hub for collecting, processing, and disseminating economic and consumer data within the European Union. Its surveys and statistical analysis serve as valuable tools for monitoring economic performance, identifying emerging trends, and facilitating evidence-based policies in the European economic landscape.
