An unconventional weekly economic activity index for Germany

Sercan Eraslan and Thomas Götz

No 02/2020, Technical Papers from Deutsche Bundesbank

Abstract: We develop an unconventional activity index for the German economy at weekly frequency in order to monitor economic developments at the current end in real time. The index contains nine high-frequency, rather unconventional weekly indicators. These are augmented by monthly industrial production and quarterly gross domestic product. The weekly activity index is then calculated as the common factor of the mixed-frequency dataset. It turns out that the index exhibits a high correlation with quarterly GDP growth and is thus able to serve as a reliable weekly coincident indicator for economic activity in Germany.

Keywords: business cycle; economic indicator; factor analysis (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bubtps:283322

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