Global | High Frequency data at BBVA Research

Summary

Presentation released by BBVA Research at the workshop del Banco Central Europeo "Tracking the Economy with high-frequency data". We presented our work on consumption and investment to monitor the economy in real time and high definition.

Key points

• Key points:
• Big Data information improves the nowcasting performance and provides an important “time advantage” to analysts and policy makers. It is not just the “high frequency” but the“High Definition” component too, which leads Big Data to have “High Potential”.
• Bank transaction data requires efforts to make Big Data indicators robust and stable.
• We focus on“National Accounts”, we monitor consumption and investment with our Big Data indices in real time.
• The time advantage on the developed indicators evolution can be important, especially in emerging countries.
• Our Big Data investment indicators have “High Definition” too. This could be key to track investment by economic sectors and regions.

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