A monthly consumption indicator for Germany based on Internet search query data
This study introduces a monthly coincident indicator for consumption in Germany based on Google Trends data on web search activity. In real-time nowcasting experiments the indicator outperforms common survey-based indicators in predicting consumption. Unlike those indicators, it provides predictive information beyond that already captured in other macroeconomic variables.
Year of publication: |
2012
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Authors: | Vosen, Simeon ; Schmidt, Torsten |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 19.2012, 7, p. 683-687
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Publisher: |
Taylor & Francis Journals |
Saved in:
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