Measuring Retail Trade using Card Transactional Data
Published on Wednesday, May 9, 2018 | Updated on Wednesday, May 9, 2018
Measuring Retail Trade using Card Transactional Data
Summary
We construct a high-dimensionality Retail Trade Index (RTI) constructed to nowcast the retail trade sector economic performance in Spain using data from BBVA clientS from their credit or debit card transactions at Spanish point of sale terminals. Results indexes are robust when compared with the Spanish RTI, regional RTI, and RTI published by the INE.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
Authors
Diego Bodas
Juan de Dios Romero
Juan Murillo
Matías Pacce
Juan Ramón García
BBVA Research - Principal Economist
Tomasa Rodrigo
BBVA Research - Lead Economist
Pep Ruiz
BBVA Research - Principal Economist
Camilo Ulloa
BBVA Research - Principal Economist
Heribert Valero