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Using internet search data as economic indicators

Author

Listed:
  • Nick McLaren

    (Bank of England)

  • Rachana Shanbhogue

    (Bank of England)

Abstract

Data on the volume of online searches can be used as indicators of economic activity. This article examines the use of these data for labour and housing markets in the United Kingdom. These data provide some additional information relative to existing surveys. And with further development, internet search data could become an important tool for economic analysis.

Suggested Citation

  • Nick McLaren & Rachana Shanbhogue, 2011. "Using internet search data as economic indicators," Bank of England Quarterly Bulletin, Bank of England, vol. 51(2), pages 134-140.
    • Handle: RePEc:boe:qbullt:0052
    as

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    References listed on IDEAS

    as
    1. Nikolaos Askitas & Klaus F. Zimmermann, 2009. "Google Econometrics and Unemployment Forecasting," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 55(2), pages 107-120.
    2. Francesco, D'Amuri, 2009. "Predicting unemployment in short samples with internet job search query data," MPRA Paper 18403, University Library of Munich, Germany.
    3. Jeremy Ginsberg & Matthew H. Mohebbi & Rajan S. Patel & Lynnette Brammer & Mark S. Smolinski & Larry Brilliant, 2009. "Detecting influenza epidemics using search engine query data," Nature, Nature, vol. 457(7232), pages 1012-1014, February.
    Full references (including those not matched with items on IDEAS)

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