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.
Volume (Year): 19 (2012)
Issue (Month): 7 (May)
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