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The IZA/Fable Swipe Consumption Index

Author

Listed:
  • Askitas Nikos

    (IZA – Institute of Labor Economics, Bonn, Germany)

  • Martinez Anoop Bindra

    (Fable, London, UK)

  • Cereda Fabio Saia

    (Fable, London, UK)

Abstract

This paper introduces a novel monthly consumption indicator: the IZA/Fable Swipe consumption index for Germany. It is based on credit card transactions data collected and anonymised by Fable Data from 2017 onwards. We study some of the properties of the data and use a so-called “one year look back rolling panel” method to construct a monthly consumption indicator expressed as a year on year percentage change. The data provisioning is fast and data is updated daily so that our indicator is stable with a 3 day lag. Moreover preliminary results for a month can be delivered as early as the middle of the month by comparing months partially. Our indicator is a new experimental early indicator ideal for nowcasting purposes and forecasting of breaking trends in consumer behaviour.

Suggested Citation

  • Askitas Nikos & Martinez Anoop Bindra & Cereda Fabio Saia, 2025. "The IZA/Fable Swipe Consumption Index," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 245(4-5), pages 589-598.
    • Handle: RePEc:jns:jbstat:v:245:y:2025:i:4-5:p:589-598:n:1007
    DOI: 10.1515/jbnst-2024-0057
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    More about this item

    Keywords

    credit card transactions; consumption expenditures; nowcasting;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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