Is the PMI a reliable indicator for nowcasting euro area real GDP?

European Central Bank. (2024). Is the PMI a reliable indicator for nowcasting euro area real GDP?. Economic Bulletin.

Type

Journal article

Intellectual base

Primary research

Year

2024

Link

https://www.ecb.europa.eu/pub/pdf/ecbu/eb202401.en.pdf

Cited by

1 citation across 1 artifact.

Domain-specific

• Purchasing Managers' Index
  • PMI components can be correlated with later official data and can improve nowcasts, but a relationship is empirical, time-varying, and series-specific.

Verification

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