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Applied Economics Letters

A monthly consumption indicator for Germany based on Internet search query data

This study introduces a monthly coincident indicator for consumption in Germany based on Google Trends data on web search activity. In real-time nowcasting experiments the indicator outperforms common survey-based indicators in predicting consumption. Unlike those indicators, it provides predictive information beyond that already captured in other macroeconomic variables.

Vosen, S. und T. Schmidt (2012), A monthly consumption indicator for Germany based on Internet search query data. Applied Economics Letters , 19, 7, 683-687

DOI: 10.1080/13504851.2011.595673