{"id":49127,"date":"2023-11-20T15:46:01","date_gmt":"2023-11-20T14:46:01","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/weekly-economic-activity-measurement-and-informational-content\/"},"modified":"2025-10-22T22:27:57","modified_gmt":"2025-10-22T20:27:57","slug":"weekly-economic-activity-measurement-and-informational-content","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/49127\/","title":{"rendered":"Weekly Economic Activity: Measurement and Informational Content"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-49127","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We construct a composite index to measure the real activity of the Swiss economy on a weekly frequency. The index is based on a novel high-frequency data set capturing economic activity across distinct dimensions over a long-time horizon. We propose a six-step procedure for extracting precise business cycle signals from the raw data. By means of a real-time evaluation, we highlight the importance of our proposed adjustment procedure: (i) our weekly index significantly outperforms a comparable index without adjusted input variables; and (ii) the weekly index outperforms established monthly indicators in nowcasting GDP growth. These insights should help improve other recently developed high-frequency indicators.","onlinedate":"2023-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"20230101","publication_date_year":"2023","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/doi.org\/10.1016\/j.ijforecast.2021.10.010","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"39","monthly_report_pages":"228-243","monthly_report_pages_sort":"228","issue":"1","journal":"International Journal of Forecasting","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[11925,3543,16347],"persons_data":"[{\"personId\":11925,\"personName\":\"Philipp Wegm\u00fcller\",\"organisationNames\":[]},{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]},{\"personId\":16347,\"personName\":\"Valentino Guggia\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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