Nowcasting euro area economic activity in real time: The role of confidence indicator

Giannone, D, Reichlin, L and Simonelli, S (2009) Nowcasting euro area economic activity in real time: The role of confidence indicator. National Institute Economic Review, 210 (1). pp. 90-97. ISSN 0027-9501

Abstract

This paper assesses the role of qualitative surveys for the early estimation of GDP in the Euro Area in a model-based automated procedure which exploits the timeliness of their release. The analysis is conducted using both an historical evaluation and a real-time case study on the current conjuncture.