We adopt a series of shrinkage and factor analytic methodologies to compute nowcasts of the main Finnish turnover indexes, using continuously accumulating firm-level data. We show that the estimates based on large dimensional models provide an accurate and timelier alternative to the ones...

It has been clearly established that a cost premium for responsiveness may be justified for profitable time-sensitive products, and that this cost premium may suffice to render production in a high-cost environment competitive. Time-insensitive products considered in isolation seldom justify a...