SWIFT has launched the SWIFT Index UK, Germany, US and EU27.
These four additional indices reinforce SWIFT’s Business Intelligence portfolio, and will act as indicators of national and regional gross domestic product (GDP) growth.
Following the same methodology used for the Global and OECD series of the SWIFT Index, the new indices help forecast GDP growth in the UK, Germany, US and the EU27.
Andre Boico, marketing director at SWIFT, says: "We are delighted to extend the family of SWIFT indices to cover four major economies. Using the same methodology, in each case we have succeeded in producing forecasts that correlate closely with actual GDP growth. The proven reliability of our forecasts, which are based on actual payments message traffic, confirms that these new indexes will support business decision-making and make a unique contribution to economic modelling."
SWIFT has developed a methodology for modelling and anticipating GDP growth at global, regional and in some cases national levels. This methodology has been validated by academic experts from the Center for Operations Research and Econometrics (CORE – Université Catholique de Louvain, Belgium).
The four new SWIFT indices will be available in Q1 2013.