Measuring economic activity with high-frequency data
Julia Asri Meigh, Head of ESG and Macro Research (New York)
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In an uncertain economic environment, monthly and quarterly statistics may not accurately capture rapidly changing macro conditions. In this literature review, we summarise a study that uses high-frequency data to construct an index that more accurately reflects economic activity in an uncertain climate. Empirical evidence suggests the index has value for forecasting US GDP and industrial production.