Euro area ‘nowcast’ model points to rebound in GDP growth

Fathom Consulting // Insights // Euro area ‘nowcast’ model points to rebound in GDP growth

The concept of ‘nowcasting’ refers to the practice of producing real-time estimates of variables, like GDP, that are typically published with a lag. We have created our own ‘nowcast’ of euro area economic growth, which employs various measures of economic activity. This approach exploits timely data that are available during the current quarter which enables the construction of an early and accurate GDP estimate. Our ‘nowcast’ estimate is available well in advance of the official GDP release, and it points...

Euro area ‘nowcast’ model points to rebound in GDP growth