2 datasets found
  1. d

    COVID-19 and Recovery: Estimates From Payment Card Transactions

    • catalog.data.gov
    • data.amerigeoss.org
    Updated Jul 15, 2022
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    Bureau of Economic Analysis (2022). COVID-19 and Recovery: Estimates From Payment Card Transactions [Dataset]. https://catalog.data.gov/dataset/covid-19-and-recovery-estimates-from-payment-card-transactions
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    Dataset updated
    Jul 15, 2022
    Dataset provided by
    Bureau of Economic Analysis
    Description

    BEA has been researching the use of card transaction data as an early barometer of spending in the United States. Since the emergence of COVID-19, dramatic and fast-moving changes to the U.S. economy have increased the public and policymakers' need for more frequent and timely economic data. In response, BEA is presenting these estimates using daily payment card data to measure the effects of the pandemic on spending, updated approximately every two weeks. Note that these payment card transactions are not necessarily representative of total spending in an industry and the data have other limitations, described below. The estimates in these charts and tables are not a substitute for BEA's monthly and quarterly official data, which are grounded in well-tested and proven methodologies. An event study methodology is used to estimate the difference (in percentage points) in spending from the typical level (relative to the day of week, month, and annual trends) prior to the pandemic declared by the World Health Organization on March 11, 2020.

  2. g

    COVID-19 and Recovery: Estimates From Payment Card Transactions | gimi9.com

    • gimi9.com
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    COVID-19 and Recovery: Estimates From Payment Card Transactions | gimi9.com [Dataset]. https://gimi9.com/dataset/data-gov_covid-19-and-recovery-estimates-from-payment-card-transactions/
    Explore at:
    Description

    BEA has been researching the use of card transaction data as an early barometer of spending in the United States. Since the emergence of COVID-19, dramatic and fast-moving changes to the U.S. economy have increased the public and policymakers' need for more frequent and timely economic data. In response, BEA is presenting these estimates using daily payment card data to measure the effects of the pandemic on spending, updated approximately every two weeks. Note that these payment card transactions are not necessarily representative of total spending in an industry and the data have other limitations, described below. The estimates in these charts and tables are not a substitute for BEA's monthly and quarterly official data, which are grounded in well-tested and proven methodologies. An event study methodology is used to estimate the difference (in percentage points) in spending from the typical level (relative to the day of week, month, and annual trends) prior to the pandemic declared by the World Health Organization on March 11, 2020.

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Share
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TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Bureau of Economic Analysis (2022). COVID-19 and Recovery: Estimates From Payment Card Transactions [Dataset]. https://catalog.data.gov/dataset/covid-19-and-recovery-estimates-from-payment-card-transactions

COVID-19 and Recovery: Estimates From Payment Card Transactions

Explore at:
2 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jul 15, 2022
Dataset provided by
Bureau of Economic Analysis
Description

BEA has been researching the use of card transaction data as an early barometer of spending in the United States. Since the emergence of COVID-19, dramatic and fast-moving changes to the U.S. economy have increased the public and policymakers' need for more frequent and timely economic data. In response, BEA is presenting these estimates using daily payment card data to measure the effects of the pandemic on spending, updated approximately every two weeks. Note that these payment card transactions are not necessarily representative of total spending in an industry and the data have other limitations, described below. The estimates in these charts and tables are not a substitute for BEA's monthly and quarterly official data, which are grounded in well-tested and proven methodologies. An event study methodology is used to estimate the difference (in percentage points) in spending from the typical level (relative to the day of week, month, and annual trends) prior to the pandemic declared by the World Health Organization on March 11, 2020.

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