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.

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Year of publication:	2012
Authors:	Vosen, Simeon ; Schmidt, Torsten
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 19.2012, 7, p. 683-687
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010548652