Real-time probability forecasts on 4 key EU Macroeconomic variables. (3 minutes)
Here is an update on 4 EU macro variables tracked as real-time probability forecasts [“RPFs”] on Almanis:
EU Real GDP
EU Retail Trade
EU Inflation
EU Unemployment
EU Real GDP
EU Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced within the Euro area (EA19) over a specified time period. Changes in GDP are frequently used to indicate a nation's economic growth (or shrinkage).
Real GDP adjusts GDP for inflation and is, therefore, a measure of an economy's "true" growth since it controls changes in the ambient price level of goods and services.
Almanis provides forecasts on future quarterly and annual real GDP reports.
EU Retail Trade
Total Retail Trade measures the value of monthly sales by kind of business for retail and food service firms located in the Euro Area.
Almanis provides forecasts on future monthly and annual retail trade values, released monthly.
EU Inflation
The Harmonized Index of Consumer Prices: All Items for EA19 is a consumer price index (CPI) for the Euro area and, as such, is a measure of inflation.
Almanis provides forecasts for future EA19 CPI reports.
EU Unemployment
Harmonized Unemployment Rate: Total: All Persons for EA19 is a measure of unemployment in the Euro Area. The unemployment rate represents the number of unemployed as a percentage of the labour force. Unemployment is defined as adults not employed or self-employed that are currently looking for work.
Almanis provides forecasts for future reports of EA19 unemployment, which are released monthly.
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