A comparison of consumer and retail trade conference indicators for predicting household expenditure in the UK

Robert Gausden; M. Hasan

A comparison of consumer and retail trade conference indicators for predicting household expenditure in the UK

Robert Gausden, M. Hasan

Research output: Contribution to journal › Article › peer-review

Abstract

The objective of this paper is to compare the usefulness of two confidence indicators for the purpose of predicting spending by households in the UK. Concern is with six different types of consumption expenditure. In contrast to earlier studies, conclusions are founded upon a post-sample, as well as a within-sample, analysis. The fundamental result which is obtained is that the GfK measure of consumer confidence generally outperforms the European Commission’s indicator of confidence within the retail sector.

Original language	English
Pages (from-to)	669-676
Number of pages	8
Journal	The Empirical Economics Letters
Volume	11
Issue number	7
Publication status	Published - Jul 2012

Cite this

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title = "A comparison of consumer and retail trade conference indicators for predicting household expenditure in the UK",

abstract = "The objective of this paper is to compare the usefulness of two confidence indicators for the purpose of predicting spending by households in the UK. Concern is with six different types of consumption expenditure. In contrast to earlier studies, conclusions are founded upon a post-sample, as well as a within-sample, analysis. The fundamental result which is obtained is that the GfK measure of consumer confidence generally outperforms the European Commission{\textquoteright}s indicator of confidence within the retail sector.",

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AB - The objective of this paper is to compare the usefulness of two confidence indicators for the purpose of predicting spending by households in the UK. Concern is with six different types of consumption expenditure. In contrast to earlier studies, conclusions are founded upon a post-sample, as well as a within-sample, analysis. The fundamental result which is obtained is that the GfK measure of consumer confidence generally outperforms the European Commission’s indicator of confidence within the retail sector.

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JO - The Empirical Economics Letters

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A comparison of consumer and retail trade conference indicators for predicting household expenditure in the UK

Abstract

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