Nowcasting economic activity with mobility data

Kohei Matsumura, Yusuke Oh, Tomohiro Sugo and Koji Takahashi

Journal of the Japanese and International Economies, 2024, vol. 73, issue C

Abstract: We develop high-frequency indices to measure sales in service industries and production in the manufacturing sector using GPS mobility data from mobile applications. First, by utilizing the point of interest data, we develop indicators to capture sales in amusement parks, shopping centers, and food services. Second, we construct indicators for nowcasting production based on the foot traffic in factory areas that are identified by using the Economic Census and mobility patterns. We find that the mobility data allow us to nowcast sales in the service sectors and have the potential to be used to nowcast the production in labor-intensive industries.

Keywords: Mobility data; Nowcasting; Clustering (search for similar items in EconPapers)
JEL-codes: C49 E23 E27 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:73:y:2024:i:c:s0889158324000236

DOI: 10.1016/j.jjie.2024.101327

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