Brussels, 11 October 2012 - SWIFT, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, has announced the launch of the SWIFT Index UK, Germany, US and EU27. These four additional indices reinforce SWIFT's Business Intelligence portfolio, and will act as leading indicators of national and regional Gross Domestic Product (GDP) growth.
Following the same methodology used for the Global and OECD series of the SWIFT Index, the new indices help forecast GDP growth in the UK, Germany, US and the EU27. Andre Boico, Marketing Director at SWIFT, said: "We are delighted to extend the family of SWIFT indices to cover four major economies. Using the same methodology, in each case we have succeeded in producing forecasts that correlate closely with actual GDP growth. The proven reliability of our forecasts, which are based on actual payments message traffic, confirms that these new indexes will support business decision-making and make a unique contribution to economic modelling."
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
For more information, please refer to our website http://www.swift.com/swiftindex or contact:
Tel: +32 2 655 3377