Economics, Econometrics and Finance
4 years ago

Belgian Industrial Confidence Indicator Predicts Euro Area Economic Activity Shifts!

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RePEc: Research Papers in Economics
The Belgian Industrial Confidence Indicator: Leading Indicator of Economic Activity in the Euro Area?
Jean-Jacque Vanhaelen, L. Dresse, J. Mulder

Paper Summary

The Belgian industrial confidence indicator can predict economic trends in the euro area. By analyzing data from 1993 onwards, researchers found that changes in Belgian industrial confidence precede changes in the euro area's business cycles. This suggests that the Belgian indicator can be a useful tool for forecasting economic activity in the broader euro area.

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