The current unprecedented global situation has created an increasing need for high frequency data that can point towards likely consequences for different segments of the economy.
Our coverage of high frequency data is continuously increasing, and one daily series we’ve recently added is the German truck toll mileage index. The use of proxies can have an important role in approximating other observable or unobservable variables, and the relationship between truck toll mileage and industrial production has been pointed out in various publications, including the German Federal statistical office.
In the chart below, we applied a year over year percentage change and a one month moving average on the truck toll mileage index and industrial production in order to visually compare the movement of the two series. We’ve also calculated the correlation coefficient resulting in a value of 0.874. The drop in truck toll mileage in recent weeks may be a good indicator of what we can expect from the next industrial production release.
Macrobond Moment: With our platform, you can quickly test correlations between different variables and other statistical measures which then can be used in producing advanced econometric models. If you don’t already have it, you’re welcome to try it for free.
Additionally, we plotted the truck toll mileage index with various types of produced goods on several scatter charts. We added a line of best fit, using Macrobond’s built-in regression analysis, as well as the R2 value and the linear regression equation for each chart.
Below you’ll find a list of all the data that we’ve added to the Macrobond database in the past few weeks.
Data Additions by Country / Region
- Australia
Roy Morgan Federal Poll - Bangladesh
Development Expenditures
Increased coverage of Tax Revenues - Belgium
Novel Coronavirus (COVID-19) - Brazil
Foreign Trade Export, Agriculture
Foreign Trade Export, Extractive Industries
Foreign Trade Export, Manufacturing Industries
Foreign Trade Export, Other
Foreign Trade Import, Agriculture
Foreign Trade Import, Extractive Industries
Foreign Trade Import, Manufacturing Industries
Foreign Trade Import, Other
Novel Coronavirus (COVID-19) - Cambodia
Government Finance Statistics - China
Daily Real Estate Transactions by City & Size, All Types of Buildings
Daily Real Estate Transactions by City & Size, Residential Buildings
Industrial Production, Animal Husbandry & Fishery
Industrial Production, Food, Beverages & Tobacco
USD Interbank Rates - Czech Republic
All Students, Higher Education
Foreign Students, Higher Education
- Finland
Increased coverage of Consumer Survey
Increased coverage of Employment - France
Foreign Students with International Mobility in Higher Education
Partial Activity Requests
School & Higher Education Population - Germany
Truck Toll Mileage Index - Hong Kong
Daily Statistics on Passenger Traffic, Arrivals
Daily Statistics on Passenger Traffic, Departures - India
All Scheduled Commercial Bank – Assets (Annual Data)
De-Trended Manufacturing IIP
Revenue Freight - Indonesia
COVID-19 Situation By Region - Ireland
Live Register, By Activation Programme
Live Register, By Nationality
Live Register, By Province
Live Register, By Region
Live Register, By Social Welfare Office
Live Register, By Social Welfare Scheme
Live Register, Casual & Part-Time Workers
Live Register, Pandemic Unemployment Payment - Israel
Increased coverage of Balance of Payments
Increased coverage of Export/ Import Prices, Price Indices - Mexico
Novel Coronavirus (COVID-19) - Pakistan
Mining & Quarrying by Region - Romania
Central Credit Register
Payment Incidents Register
Payment Statistics - South Korea
Income & Expenditure of 2 or More Person Households - Sweden
Increased coverage of PPI & Import/Export Prices - Thailand
Increased coverage of Bank of Thailand Leading Indicators - Tunisia
undefined - Turkey
Number of Enterprises - United Arab Emirates
Labor & Establishments - United Kingdom
Cancelled Elective Operations
Criminality
Delayed Transfers of Care
Diagnostic Waiting Times & Activity
Gilt Purchase Operations
The Oxford COVID-19 Government Response Tracker