SWIFT launches four additional indices to help forecast GDP growth (Press release, 11 October 2012)
The rapid pace of economic change along with the growing complexity of the interconnected global economy has created a challenging business environment.
"The SWIFT Index has been extended to cover four major economies. It meets a clear market need for accurate and timely Business Intelligence which will help deepen our relationship with existing customers while engaging more effectively with prospective ones.”
Andre Boico, Head of Pricing and Business Analysis at SWIFT
Effective strategic decision making is often dependent on accurately forecasting which regions and markets are growing and therefore represent a viable investment opportunity. Timely access to vital and reliable intelligence that can influence strategic planning is critical and fast becoming a pre-requisite for success. However, many current sources of information offer historical perspectives that are quickly dated or use less rigorous scientific analysis such as measures of sentiment.
Since March 2012, the SWIFT Index provides quantitative fact-based Business Intelligence that you can rely on. Using aggregated SWIFT data on payments traffic, the SWIFT Index can be used to derive an early forecast of GDP growth on a monthly basis. The OECD and Global SWIFT Indexes have proved to be highly accurate as a reliable indicator of GDP growth allowing users to respond to economic change in a timelier manner.
Customer feedback has clearly outlined the importance of the timeliness with which the SWIFT Index is released as well as demanded for this information to be as granular as possible.
Building on this success and responding to market demand for greater insight into GDP of major economies, SWIFT will launch in the first quarter of 2013, the SWIFT Index UK, Germany, US and EU27.
With these new indices, firms will have at their fingertips four additional instruments to help them in their business decisions; and all free of charge.
Want to know more about the SWIFT Index portfolio? Join us in Sibos Osaka. The SWIFT Index session will take place on Tuesday 30 October, 10:00 - 10:45; SWIFT Auditorium, INTEX Centre, Osaka, Japan.