Weekly economic activity: Measurement and informational content

نویسندگان

چکیده

We construct a composite index to measure the real activity of Swiss economy on weekly frequency. The is based novel high-frequency data set capturing economic across distinct dimensions over long time horizon. propose six-step procedure for extracting precise business cycle signals from raw data. By means real-time evaluation, we highlight importance our proposed adjustment procedure: (i) significantly outperforms comparable without adjusted input variables; and (ii) established monthly indicators in nowcasting GDP growth. These insights should help improve other recently developed indicators.

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ژورنال

عنوان ژورنال: International Journal of Forecasting

سال: 2023

ISSN: ['1872-8200', '0169-2070']

DOI: https://doi.org/10.1016/j.ijforecast.2021.10.010