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Euro Area

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ENTSO-E power demand, Eurocontrol flight traffic, OECD weekly tracker

Euro Area Nowcast

updated 2026-10-15

Model estimates of not-yet-published official statistics, updated daily through each release cycle. Accuracy shown is each model’s own out-of-sample backtest.

GDP, quarterly nowcast for 2026Q3: +0.39% QoQ, 80% band -0.03 to +0.63. Backtest MAE 0.25% QoQ over 71 periods.

GDP, quarterly

2026Q3
+0.39% QoQ

80% band -0.03 … +0.63

quarter-end readrelease ~2026-10-30beats benchmark

Backtest: MAE 0.25 · 84% of AR error · direction 86% · n=71

Industrial production nowcast for 2026-09: +0.16% MoM, 80% band -1.22 to +1.37. Backtest MAE 0.767% MoM over 184 periods.

Industrial production

2026-09
+0.16% MoM

80% band -1.22 … +1.37

pre-release readrelease ~2026-11-13at benchmark — experimental

Backtest: MAE 0.767 · 101% of AR error · direction 59% · n=184

Retail sales nowcast for 2026-09: +0.19% MoM, 80% band -0.45 to +0.88. Backtest MAE 0.415% MoM over 184 periods.

Retail sales

2026-09
+0.19% MoM

80% band -0.45 … +0.88

pre-release readrelease ~2026-11-06beats benchmark

Backtest: MAE 0.415 · 94% of AR error · direction 64% · n=184

Unemployment rate nowcast for 2026-09: -0.01pp change, 80% band -0.10 to +0.06. Backtest MAE 0.053pp change over 184 periods.

Unemployment rate

2026-09
-0.01pp change→ 6.4% rate

80% band -0.10 … +0.06

pre-release readrelease ~2026-11-01beats benchmark

Backtest: MAE 0.053 · 88% of AR error · direction 43% · n=184

Staggered combination of an official-data block, a survey/indicator bridge and an autoregressive benchmark, re-weighted through the data release cycle. Backtests are walk-forward against the latest vintage; pandemic-window observations are excluded from estimation and shown separately. Sources: Eurostat, European Commission surveys, public high-frequency data.

High Speed vs Official Macro

High-speed series (gold, left axis) shown against the official statistics they lead (dark, right axis). Last 4 years.

Flight Activity vs GDP

Daily vs Quarterly

Job Postings vs Unemployment

Daily vs Monthly

All Euro Area High-Speed Indicators

Freshness F (25)

8 datasets tracked. 20 series with seasonal factors. Last 5 years shown.

View
Smoothing
Sector

Indeed Job Postings

Fresh · 2026-10-09Daily

Mean of DE, FR, IT, ES, NL postings indices, SA, Feb 2020 = 100 (Indeed Hiring Lab).

Daily Flights

Fresh · 2026-10-15Daily

Sum of flights across 19 euro-area states (Eurocontrol). Daily, back to 2022 — stitched from the Eurocontrol dashboard plus the airport-traffic census.

Port calls (all vessels)

Warning · 2026-10-09Daily

IMF PortWatch — daily, with 28-day average and YoY%. Euro Area.

Maritime imports (est. tons)

Warning · 2026-10-09Daily

IMF PortWatch — daily, with 28-day average and YoY%. Euro Area.

Maritime exports (est. tons)

Warning · 2026-10-09Daily

IMF PortWatch — daily, with 28-day average and YoY%. Euro Area.

Container ship calls

Warning · 2026-10-09Daily

IMF PortWatch — daily, with 28-day average and YoY%. Euro Area.

Tanker calls

Warning · 2026-10-09Daily

IMF PortWatch — daily, with 28-day average and YoY%. Euro Area.

Dry-bulk ship calls

Warning · 2026-10-09Daily

IMF PortWatch — daily, with 28-day average and YoY%. Euro Area.