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 6 July 2020
- For the week of 29 June - 5 July (week 27) the WAI stands at -3.8. The decline was thus lower than it was for week 26 (previously -4.9).
- The index value indicates that trend-adjusted economic activity (measured by the WAI) in the 13 weeks up to 5 July was 3.8 % below activity in the preceding 13 weeks.
- The WAI-implied GDP growth rate for the last 13 weeks up to 5 July compared with the preceding 13 weeks was -4.0 %.
The next update is scheduled for 13 July 2020.
The WAI is still a work in progress; it is constantly undergoing revision and, when necessary, adjusted. For more information on a first version of the WAI, see Deutsche Bundesbank (2020), Monthly Report, May 2020 (at the moment only available in German).
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, Weekly activity index for the German economy, Deutsche Bundesbank, available for download at https://www.bundesbank.de/wai