A monthly consumption indicator for Germany based on Internet search query data

Simeon Vosen and Torsten Schmidt

Applied Economics Letters, 2012, vol. 19, issue 7, 683-687

Abstract: 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.

Date: 2012
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Journal Article: A monthly consumption indicator for Germany based on Internet search query data (2012)
Working Paper: A monthly consumption indicator for Germany based on internet search query data (2010)
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DOI: 10.1080/13504851.2011.595673

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