Journal of Business Cycle Measurement and Analysis, Volume 3, No. 2, 2007

The Economic Sentiment Indicator: Leading Indicator - Properties in Old and New EU Member States

DOI:https://dx.doi.org/10.1787/jbcma-v2007-art11-en

This paper assesses the leading indicator properties of the Economic Sentiment Indicator (ESI) of the European Commission, as well as two of its subcomponents, for industrial production growth. For this purpose we perform correlation analysis ...



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