Weekly activity index for the German economy
The weekly activity index (WAI) is an index designed to measure real economic activity in Germany in a timely manner. The index is based on daily, weekly, monthly and quarterly indicators for the German economy.
Update as of 25 January 2021
- For the week of 18 – 24 January (week 3) the WAI stands at -0.5. The drop was thus stronger than that in the preceding week (previously -0.1).
- The index value indicates that trend-adjusted economic activity (measured by the WAI) in the 13 weeks up to 24 January was 0.5 % below activity in the preceding 13 weeks.
- The WAI-implied GDP growth rate for the last 13 weeks up to 24 January compared with the preceding 13 weeks is -0.6 %.
The next update is scheduled for 1 February 2021.
The WAI is still a work in progress; it is constantly undergoing revision and, when necessary, adjusted (see Methodology). The WAI is not an official forecast of the Deutsche Bundesbank or the Eurosystem.
Please cite this report as follows:
Eraslan, S. and T. Götz (2020), An unconventional weekly economic activity index for Germany, Deutsche Bundesbank Technical Paper, 02/2020. Data retrieved from www.bundesbank.de/wai.