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industrial confidence indicators for Belgium and for the euro area, and the statistical significance of the differences in timing … has been assessed using the Randomization Test proposed by Banerji. We conclude that the turning points in Belgium do in … confidence indicator is not really surprising, as changes in the business cycle stages in Belgium seem to have been ahead of …
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This paper evaluates the impact of new releases of financial, real activity and survey data on the nowcasting of euro area GDP growth. We show that financial data are only essential for improving nowcasting in the first two months of a nowcast quarter. This contrasts with survey and real data,...
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This paper models industrial new orders across European Union (EU) Member States for various breakdowns. A common modelling framework exploits both soft data (business opinion surveys) and hard data (industrial turnover). The estimates show for about 200 cases that the model determinants...
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