IHS Economic High Frequency Monitor
Description
The timely availability of indicators to assess the current economic situation is essential for a forward-looking, rapid and appropriate economic policy response. Especially when the situation is changing as fast and as fundamentally as it was at the time of the COVID-19 shutdown, mid-March 2020. While financial market indicators priced in developments in a timely manner, it took until the economic slump was also reflected in the real economic data and leading economic indicators and thus the severity of the economic crisis could be guessed.
The aim of the Monitor is therefore to create an extremely timely and meaningful information base that enables a rapid assessment of the current economic situation:
1. Timely, since always Tuesdays (or Wednesdays) the time series are supplemented by the values of the previous week and 2. Meaningful because the time series are adjusted for possible disruptive factors such as seasonal influences, mobile holidays (Easter), temperature fluctuations or other special effects in order to sharpen the relevant economic signal.
Resources
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https://www.data.gv.at/wp-content/uploads/2020/11/ihs-monitor.png |