{"id":56111,"date":"2023-12-01T18:55:12","date_gmt":"2023-12-01T17:55:12","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/weekly-economic-activity-measurement-and-informational-content-2\/"},"modified":"2024-11-07T06:28:57","modified_gmt":"2024-11-07T05:28:57","slug":"weekly-economic-activity-measurement-and-informational-content-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/56111\/","title":{"rendered":"Weekly Economic Activity: Measurement and Informational Content"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-56111","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We construct a composite index to measure 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. An adequate adjustment of raw data prior to deriving the latent factor is crucial for obtaining precise business cycle signals. By means of a real-time evaluation, we highlight the importance of our proposed adjustment procedure: first, our weekly index significantly outperforms a comparable index without adjusted input variables; secondly, the weekly index outperforms established monthly indicators in nowcasting GDP growth. These insights should help improve recently developed high-frequency indicators.","onlinedate":"2021-04-14 12:00:00","lang":"English","publication_series":"","publication_date":"20210401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"33","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":388101,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"627","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2021-04-14 12:00:00","types":[44410],"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 v26.5 (Yoast SEO v26.5) - 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