Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305753 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17311
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This paper introduces a novel monthly consumption indicator: the IZA / Fable Data consumption indicator for Germany. It is based on credit card transactions data collected and anonymised by Fable Data from 2017 onwards. We study some of the properties of the data and use a so-called "one year look back rolling panel" method to construct a monthly consumption indicator which expresses the year on year change. The data provisioning is fast and data is updated daily so that our indicator is stable with a 3 day lag. Moreover preliminary results for a month can be delivered as early as the middle of the month by comparing months partially. Our indicator is a new experimental early indicator ideal for nowcasting purposes and forecasting of breaking trends in consumer behaviour.
Subjects: 
consumption expenditures
credit card transactions
nowcasting
JEL: 
D12
E2
C8
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.