Bericht
Introducing the ECB indicator on euro area industrial new orders
Following the discontinuation of the official statistics on industrial new orders by Eurostat in mid-2012, this paper introduces the ECB indicator on euro area industrial new orders, which aims to fill the new statistical gaps for euro area total new orders as well as for various breakdowns. Despite the discontinuation of the data collection at European level, a large number of euro area countries are expected to continue with the data collection nationally. For those countries which have discontinued the collection of national data, model-estimates are used in calculating the ECB indicator on euro area industrial new orders. New orders are modelled across EU countries using “soft” data (business opinion surveys) as well as “hard” data (industrial turnover) and applying a common modelling framework. The model determinants significantly explain the monthly growth rates in new orders across approximately 200 estimated equations. Various tests show that the estimates are robust. This paper demonstrates that, besides the leading information content of industrial new orders for euro area industrial production, the monitoring of the ECB indicator on new orders is useful for cross-checking developments in industrial production in real time.
- ISBN
-
978-92-899-1017-0
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Occasional Paper ; No. 149
- Klassifikation
-
Wirtschaft
General Aggregative Models: General
General Aggregative Models: Neoclassical
General Aggregative Models: Forecasting and Simulation: Models and Applications
- Thema
-
ECB indicator
euro area
Industrial new orders
leading indicators
real-time analysis
Wirtschaftsindikator
Auftragseingang
Industrieproduktion
Eurozone
- Ereignis
-
Geistige Schöpfung
- (wer)
-
de Bondt, Gabe
Dieden, Heinz Christian
Muzikarova, Sona
Vincze, Istvan
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2013
- DOI
-
doi:10.2866/40865
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- de Bondt, Gabe
- Dieden, Heinz Christian
- Muzikarova, Sona
- Vincze, Istvan
- European Central Bank (ECB)
Entstanden
- 2013
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