Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283322 
Year of Publication: 
2020
Series/Report no.: 
Technical Paper No. 02/2020
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
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.
Subjects: 
business cycle
economic indicator
factor analysis
Document Type: 
Working Paper

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