Weekly activity index of the German economy 2021-2023

The weekly activity index (WAI) of the German economy fluctuated significantly between January 2021 and July 2023. It was the lowest at minus 0.81 percent in the 10th week of 2021 and went through a sharp increase in the following weeks, until it reached its peak at 1.33 percent in the 24th week of 2021. It decreased sharply during the second half of 2021 but rose to 0.36 percent by the end of the year. 2022 started with another significant drop, and the WAI remained negative until the 21st week of 2023. From that point on, WAI increased sharply.

What is the weekly activity index?
The weekly activity index (WAI) is a weekly index designed to measure real economic activity in Germany. It is calculated as a common component from various indicators, such as industrial output, GDP, electricity consumption, credit card payments, and other high-frequency indicators. Positive values in the index indicates above average growth in real economic activity, while negative values signal a decline in economic output.