SquareMacro tracks the economy in real-time

by integrating thousands of traditional and alternative economic data

into single high-frequency indicators

Traditional Indicators

Traditional economic indicators can be inadequate owing to issues of timeliness, granularity, difficulty in collection, and lack of reliability due to their “rear-view mirror” biases. A real-time measurement of economic conditions is unavailable within a traditional framework.

Traditional indicators like GDP are not frequently updated given the complexity in compiling them. Relying on this data involves waiting for several months, as quarterly data on these indicators are released several weeks after the end of the reference quarter. While these data are considered to provide a fair picture of the state of the economy in the near past, they do not help gauge the impact of exogenous shock or swift changes in the business cycle in real-time.

SquareMacro Indicators

are focused on the systematic integration of alternative and traditional data. They are designed specifically to track economic conditions in real-time and at higher frequency than traditional measurements.

SquareMacro economic indicators are powered by a proprietary machine learning methodology which efficiently handles large numbers of alternative and traditional data set relevant to track the evolution of economic conditions in real-time. Our approach is robust across any geographical dimension and degree of granularity, including multi-country, country, regional and local level.

We identify and screen thousands of economic data sources

SquareMacro identifies and screens thousands of economic data sources, focusing on the systematic integration of alternative and traditional data.

SquareMacro provides economic indicators for 42 countries, including major metropolitan areas, processing millions of economic data. Our inputs are based on official sources and third-party data providers; all the information we process is regularly checked for inconsistencies.

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Real-Time Economic Intelligence

Tracking the economy

in real-time

SquareMacro combines thousands of traditional and alternative economic data into high-frequency indicators tracking the evolution of economic conditions in real-time.

Our analytics aim to provide faster, more accurate and unique economic insights for decision makers, researchers, investors and non-investor, including corporations and government agencies at any levels. Our products are focused on the systematic integration of alternative and traditional data to deliver economic indicators able to track economic conditions in real-time and at higher frequency than conventional measurements. We apply proprietary econometrics and machine-learning techniques to our uniquely combined data. We deliver geographic and thematic economic indicators by data feeds, data download, and customizable reports.

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  Offering

REAL-TIME MACRO FACTORS

  • Core-RTMF
  • Enhanced-RTMF
  • Localised-RTMF
  Real-Time Indicators

MACRO INDICATORS

  • Real-Time Growth Factor
    • RT Economic Activity Factor
      • RT Output Factor
      • RT Employment Factor
    • RT Sentiment Factor

OTHER INDICATORS

  • Real-Time Inflation Factor
  • Real-Time Housing Factor
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  Global Coverage

AFRICA AND MIDDLE-EAST

  • Turkey
  • Saudi Arabia
  • South Africa

AMERICA

  • Canada
  • Brazil
  • Mexico
  • United States


ASIA-PACIFIC

  • Australia
  • China
    • Hong Kong
  • India
  • Indonesia
  • Japan
  • Malaysia
  • New Zealand
  • Singapore
  • South Korea
  • Taiwan


EUROPE ex-EZ

  • Denmark
  • Norway
  • Poland
  • Russia
  • Sweden
  • Switzerland
  • United Kingdom


EUROZONE

  • Austria
  • Belgium
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Netherlands
  • Portugal
  • Slovakia
  • Slovenia
  • Spain
  Localized Coverage

UNITED KINGDOM

  • Greater London (England)

UNITED STATES

  • New York City (NYC)
  • City of Chicago (Illinois)
  • Los Angeles (California)
Letting the Data Speak for Themselves 

Our approach

let the data speak for itself

  approach is motivated by the limitations of traditional economic indicators.

The importance of data in decision-making cannot be overemphasised, especially in times where there is massive uncertainty. A globalized and interconnected economy is posing unique challenges to decision makers across the globe. When confronting new trends or facing an economic shock, having the right data at the right time is crucial to make informed decisions. A similar real-time understanding of economic outcomes is unavailable due to lack of data within a traditional analytical framework. Economists and decision-makers are forced to rely on “traditional” indicators alone, which are plagued with issues of timeliness, granularity, difficulty in collection, lack of reliability. There is a need therefore for higher-frequency and more granular data to track economic activities. SquareMacro indicators and analytics provide unique insights to track the economy in real time.

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Unique Features of   Methodology
Our straightforward and data-driven method delivers a real-time, high-frequency, unbiased and objective reading of the state of the economy.

Our methodology has several differentiating features relative to existing approaches:

I. LETTING THE DATA SPEAK FOR THEMSELVES

  • We do not aim to estimate a real-time series of GDP, for example, but we rather leave the macroeconomic factor(s) truly latent and unspecified. In this sense, we do not impose any structure on the estimation and thus do not take a stand on what is the appropriate metric of the state of the economy. We simply let the data speak for itself.

II. SYSTEMATIC INTEGRATION OF ALTERNATIVE AND TRADITIONAL DATA

  • Our focus on a large cross-section of economic releases allows us to process information across thousands of data points, identifying and combining the best of traditional and alternative data.


III. OUR DATA ARE TRULY CAPTURED AND PROCESSED IN REAL-TIME

  • We utilize news flow data that are truly real-time and unrestated, as opposed to approximately dated historical data that are often restated.


IV. WE ONLY PROCESS OBJECTIVE MEASUREMENTS OF THE ECONOMY

  • We refrain from using any financial market-based data, as our aim is to objectively measure the macroeconomic news flow absent any of the market’s interpretation of the same.

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Unique insights to track the economy in real time

SquareMacro’s proprietary methodology enables to manage and process highly dimensional and heterogenous data by adjusting for noise, asynchronicity, mixed frequencies, and varying data histories.
Robust
Approach

SquareMacro methodology is model and view agnostic, deploying unsupervised learning algorithms extracts real-time economic insights without imposing subjective or arbitrary views.

Systematic
Data Integration

SquareMacro identifies and screens thousands of economic data sources, focusing on the systematic integration of alternative and traditional data.

Timely
and Frequent

SquareMacro delivers indicators able to track economic conditions in real-time and at higher frequency than traditional measures.

Insightful
and Actionable

SquareMacro indicators identifies key economic drivers in a actionable and standardised format across countries, customizable regional or thematic aggregations.