Monitoring sectoral financial flows: new calculation methodology
The updated methodology for calculating indexes used in the monitoring, to be applied starting from this release, is based on a comparison between the weekly measure of incoming flows and the average daily index for the previous calendar quarter. The measure has previously tracked a deviation of incoming payments from pre-coronavirus levels.
The index will become another instrument to make short-term estimates for GDP growth at a qualitative and — subsequently — quantitative level.
Economic activity in early 2021 was overall consistent with 2020 Q4 figures. Data in sectoral groups diverged: growth in consumption and exports was set off by lower flows in investment sectors. More details are given in the new issue of Monitoring of Sectoral Financial Flows.
