Pioneering real-time economic intelligence
Now-Casting Economics Limited is a specialist macro-economic research and forecasting business, founded by leading academics who have been at the forefront in the development of 'nowcasting' models – econometric techniques designed to predict the current state of the economy.
What we do
Automated Platform
We develop advanced statistical models and run them on our proprietary platform. These models run continuously, so that whenever new input data is published, all output data is immediately recalculated and delivered automatically to our clients. We generate predictions for all key real and nominal economic variables – GDP, CPI, industrial production, retail sales, exports, imports, and more – as well as widely followed macroeconomic surveys such as PMIs.
Independent Research
Our team of research economists conducts independent research in model development, continually advancing the state of the art in nowcasting methodology. We publish our findings and contribute to the broader academic and practitioner community, ensuring our models remain at the cutting edge of econometric science.
Client Research Projects
We undertake bespoke research projects for both private and public sector clients. This includes building and running customised models tailored to specific requirements, adapting existing methodologies for different purposes, and applying our nowcasting expertise to new countries and economic variables.
Our coverage
At present Now-Casting has models for 34 of the world's largest economies, including both advanced and developing economies, amounting to more than 85% of the world by share of GDP. This geographic scope continues to increase as new countries are added to the service each year.
The series used as inputs are of multiple different frequencies – daily, weekly, monthly and quarterly – and are all publicly available macroeconomic series. In addition to forecasts of specific macroeconomic variables, we also publish economic activity and surprise indexes for each of the countries we cover.
Our founders
Now-Casting was founded by a group of academic economists who developed the nowcasting methodology that is now widely used by central banks and financial institutions worldwide.
Professor Lucrezia Reichlin
Lucrezia Reichlin is Professor of Economics at London Business School. She was Director General of Research at the European Central Bank from 2005 to 2008, and has acted as consultant to numerous central banks worldwide.
She is a leading expert in time series econometrics, monetary policy, and forecasting, and has published extensively on nowcasting methodology.
Professor Domenico Giannone
Domenico Giannone is Bloomberg Distinguished Professor of Economics and Statistics at Johns Hopkins University. His research focuses on forecasting, macroeconomics, and the development of large-scale statistical models. He has held positions at the Federal Reserve Bank of New York and the European Central Bank.
Together with Professor Reichlin, he developed the dynamic factor model approach to nowcasting that forms the foundation of Now-Casting's methodology.
Our clients
Our clients are primarily investment institutions – asset managers, hedge funds, and banks – who pay an annual subscription fee and receive our models' output data as a continuous feed. We also serve public sector clients, including central banks and government agencies, and undertake project work for organisations requiring customised economic intelligence solutions.
The company, which started trading in 2011, employs a dedicated team of research economists who maintain and develop our models, ensuring the highest standards of accuracy and reliability.