Introducing the Euro-Sting: Short Term Indicator of Euro Area Growth
45 Pages Posted: 30 Apr 2008
Date Written: 04/30/2008
We propose a model to compute short-term forecasts of the Euro area GDP growth in real-time. To allow for forecast evaluation, we construct a real-time data set that changes for each vintage date and includes the exact information that was available at the time of each forecast. In this context, we provide examples that show how data revisions and data availability affect point forecasts and forecast uncertainty.
Keywords: business cycles, output growth, time series
JEL Classification: E32, C22, E27
Suggested Citation: Suggested Citation