Return ifo climate data

Usage

ifo_climate(type = c("import", "export", "world", "euro"))

Source

https://www.ifo.de/en/ifo-time-series

Arguments

type

(character(1))
Defaults to "import". One of:

"import": returns the ifo import climate.
"export": returns the ifo export climate.
"world": returns the ifo world economic climate.
"euro": returns the ifo world economic climate for the euro zone.

Value

A data.frame() containing the ifo climate time series. Monthly for "import" and "export", quarterly for "world" and "euro".

Details

type = "import" and type = "export" return seasonally adjusted indices. In the export data, special_trade instead gives the annual percentage change in special-trade exports. type = "world" and type = "euro" return balances. The source provides these two series only through the fourth quarter of 2019.

References

Grimme C, Lehmann R, Nöller M (2018). “Das ifo Importklima – ein erster Frühindikator für die Prognose der deutschen Importe.” ifo Schnelldienst, 71(12), 27–32.

Grimme, Christian, Lehmann, Robert, Nöller, Marvin (2021). “Forecasting imports with information from abroad.” Economic Modelling, 98, 109–117.

Examples

# \donttest{
climate <- ifo_climate("import")
head(climate)
#>    yearmonth     climate
#> 1 1995-01-01  0.35603601
#> 2 1995-02-01  0.54317807
#> 3 1995-03-01  0.15852869
#> 4 1995-04-01  0.30643586
#> 5 1995-05-01  0.39497586
#> 6 1995-06-01 -0.01505054
# }