This week, Fable Data announces that the Bundesbank has included our real-time anonymised transaction data in their Weekly Activity Index. For more details about their Wöchentlicher Aktivitätsindex, click here.
Fable Data was the first to bring this powerful form of data to the European market, and is delighted to be able to support the work of the Bundesbank. Fable Data provides one of the earliest reads of the economy, for macro and granular use cases, utilising anonymised spend data from millions of consumers across Europe, sourced directly from banks and credit card issuers.
Fable Data is committed to improving the data available to government, public bodies and business, to inform better decision-making, generating broad economic and social benefits.
Suraj Gohil, Chief Strategy Officer and Co-Founder: "We are very proud of our transaction data, and the quality of insights we are able to provide on the German economy. We want to support businesses across Germany as we move through the COVID-19 crisis, with insights on the changing shape of consumer demand. Providing data into the Bundesbank’s WAI is a core part of our mission to deliver meaningful change in the approach to business and economic policy.”
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