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The IZA / Fable Swipe Consumption Index

Author

Listed:
  • Nikos Askitas
  • Anoop Bindra Martinez
  • Fabio Saia Cereda
  • Nikolaos Askitas

Abstract

This paper introduces a novel monthly consumption indicator: the IZA / Fable Data consumption indicator for Germany. It is based on credit card transactions data collected and anonymised by Fable Data from 2017 onwards. We study some of the properties of the data and use a so-called ”one year look back rolling panel” method to construct a monthly consumption indicator which expresses the year on year change. The data provisioning is fast and data is updated daily so that our indicator is stable with a 3 day lag. Moreover preliminary results for a month can be delivered as early as the middle of the month by comparing months partially. Our indicator is a new experimental early indicator ideal for nowcasting purposes and forecasting of breaking trends in consumer behaviour.

Suggested Citation

  • Nikos Askitas & Anoop Bindra Martinez & Fabio Saia Cereda & Nikolaos Askitas, 2024. "The IZA / Fable Swipe Consumption Index," CESifo Working Paper Series 11389, CESifo.
    • Handle: RePEc:ces:ceswps:_11389
    as

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    References listed on IDEAS

    as
    1. Nikolaos Askitas & Klaus F. Zimmermann, 2015. "The internet as a data source for advancement in social sciences," International Journal of Manpower, Emerald Group Publishing Limited, vol. 36(1), pages 2-12, April.
    2. Nikolaos Askitas, 2016. "Predicting Road Conditions with Internet Search," PLOS ONE, Public Library of Science, vol. 11(8), pages 1-12, August.
    3. Nikolaos Askitas & Klaus F. Zimmermann, 2015. "The internet as a data source for advancement in social sciences," International Journal of Manpower, Emerald Group Publishing Limited, vol. 36(1), pages 2-12, April.
    4. Nikolaos Askitas & Klaus F. Zimmermann, 2015. "Health and well-being in the great recession," International Journal of Manpower, Emerald Group Publishing Limited, vol. 36(1), pages 26-47, April.
    5. Nikolaos Askitas & Klaus F. Zimmermann, 2015. "Health and well-being in the great recession," International Journal of Manpower, Emerald Group Publishing Limited, vol. 36(1), pages 26-47, April.
    6. Askitas, Nikos, 2015. "Calling the Greek Referendum on the Nose with Google Trends," IZA Discussion Papers 9569, Institute of Labor Economics (IZA).
    7. Nikolaos Askitas & Klaus F. Zimmermann, 2013. "Nowcasting Business Cycles Using Toll Data," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 32(4), pages 299-306, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    credit card transaction; consumption expenditures; nowcasting;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General

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