|
We are proud to report News in Swedish and Polish are the latest additions to the Inflation and Wages NewsBots.
We have already included 850 unique news sources in Swedish and 1220 in Polish.
This brings to 9 the languages covered by the NewsBots (the other languages are: Chinese, English, French, German, Italian, Japanese and Spanish).
Inflation NewsBot: What For?
The NewsBot is a key resource for bottom-up / short-term inflation forecasting.
It identifies potentially relevant item-level news, from scanning a large volume of news websites ranging from generalist newspapers to specialised professional publications. One major challenge in inflation forecasting is to identify the idiosyncratic shocks which drive the near-term outlook (see also this).
News identified as relevant by our specially trained language models are then processed, to identify the country, sector and sign. The news are also summarised, translated and rated.
The NewsBots are delivered in several formats: email, JSON endpoints, website app and full-fledged text database - see further details here.
From Today's Inflation NewsBot
In order to illustrate the sources we query and the kind of news we are looking for, here are some Swedish and Polish news articles that were identified by the Inflation NewsBot in the last 24 hours:
Country: Sweden
Rating: ★★★★
Translated Title: Expect a significantly lower electricity bill for January
Source: Privata Affärer
Summary: The electricity price can be more than halved compared to December
Timestamp: 23 Jan 13:02
Sector: Energy
Sign: Negative
Link
Country: Poland
Rating: ★★
Translated Title: PKP and Polregio 2023 ticket prices. How much have train tickets become more expensive...
Source: Radio Eska
Timestamp: 23 Jan 12:28
Sector: Core
Sign: Positive
Link
Country: Poland
Rating: ★★
Translated Title: Increase in excise duty on alcohol in 2023. Prices of alcohol and cigarettes in 2023 will be higher. Beer, vodka and wine prices are increasing from January 23, 2023
Source: Dziennik Łódzki
Timestamp: 23 Jan 08:41
Sector: Core
Sign: Positive
Link
NIPI Databases
At this point, Sweden and Poland are not yet included in the NIPI databases, the quantified metrics derived from the NewsBot data. It will take a few months to compute historical data back to 1/1/2018, as we have done with other languages... stay tuned!
Learn more about the NIPI quantitative signals (diffusion indices and volume measures) here.
Last, do not hesitate to reach out, for suggestions, questions, trial requests...
|
