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A supply-side GDP nowcasting model

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Fecha de publicación
9-mar-2023
Descripción física
11 p.
Resumen
Rationale The recent shocks to the Spanish economy, linked to both COVID-19 and rising energy prices, have had an uneven impact across sectors of activity, underscoring the importance of monitoring the supply side of economic activity. Takeaways •This article presents a model for forecasting quarterly GDP using a combination of monthly indicators to estimate the growth of gross value added for each sector of activity. •The results in terms of forecasting accuracy evidence the usefulness of a sectoral approach, as a complementary tool for monitoring economic activity in the short term.
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Economic Bulletin / Banco de España, 2023/Q1, 18
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