Web search data outperforms traditional indicators.

[Manks]

http://www.bbc.co.uk/news/business-13748599

The research in the Bank of England's latest quarterly bulletin concluded that the search data outperformed other traditional economic indicators.

Using Google's Insights for Search tool, researchers found that searches for "estate agents" tended to peak a month ahead of rises in house prices.

The Bank also said the data could help predict changes in unemployment.

Edited by Manks on Monday 13th June 15:47

[elster]

Every day I am surprised by how slow people pick up on these "modern indicators".

[jesta1865]

elster said:

Every day I am surprised by how slow people pick up on these "modern indicators".

they now intend to teach rocket science at primary schools. is it me or do lots of people get paid a lot more than me to state the bleeding obvious?