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

Simeon Vosen and Torsten Schmidt

EconStor Open Access Articles and Book Chapters, 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.

Keywords: Google Trends; consumption; forecasting; coincident indicator (search for similar items in EconPapers)
JEL-codes: C53 E21 E27 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (27)

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Related works:
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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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:141447

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