Magazine article Information Today

EIU, EcoWin to Create New International Economic and Financial Database

Magazine article Information Today

EIU, EcoWin to Create New International Economic and Financial Database

Article excerpt

The Economist Intelligence Unit (EIU), a world leader in country analysis and macroeconomic forecasts, has teamed with EcoWin (http://www.ecowin.com), a Webbased provider of economic and financial time series, to develop a database of indicators and forecasts on major and emerging markets. Perhaps best known for its print products (e.g., Country Reports), EIU will integrate EIU DataServices (http:// www.eiu.com/data), its international economic and financial forecast and historical data, with EcoWin's flexible time-series data. The Windows-based platform will better serve the needs of busy networked executives by providing a single source for retrieving, charting, and analyzing the latest market data and forecasts.

Capitalizing on their strengths, both EIU and EcoWin, plus their subscribers, will benefit from this venture. The Economist Intelligence Unit's quality forecasts will be enhanced by access to current economic statistics from EcoWin, whose database is updated throughout the day as new data is released. While EIU is best known for its country economic forecasts, EcoWin offers a wide range of historical, international financial and economic data time series. The initial press release describes the service as breaking new ground, providing "consistent and well-laid-out forecasts and data in one place."

The Economist Intelligence Unit, part of The Economist Group (publisher of The Economist), operates a global network of analysts who continuously assess political, economic, and business conditions in 195 countries. ELU DataServices consists of the following three products:

* CityData--EIU's city-by-city guide to product prices and business costs in 123 cities around the world

* CountryData--An analytical database of worldwide economic indicators and forecasts that allows users to compare annual and quarterly data on 117 countries worldwide across 270 economic series, access data on 117 major economies (updated monthly), view text summaries of EIU's short-term political and economic forecasts on 181 countries, and see trend graphs (1980-2001)

* CountryIndicators--A guide to market size and growth potential for the world's 20 largest economies. Two hundred fifty data series provide a picture of country market size and growth potential for 60 major markets worldwide with 5-year forecasts, including data on industries, demographics, consumption, average wages, income levels, infrastructure, and local business environments.

According to Mike Chapman, EIU's executive producer, subscriptions will remain available for each product individually or for the package, at a discount, even after the new venture is launched.

In addition to accessing the Economist Intelligence Unit's forecasts directly from its online store (http://store.eiu.com), the DataServices portfolio is available in different formats through its partners-displayed in Excel spreadsheets with full analytics via Alacra, formerly known as Data Downlink (http://www.alacra.com), or from Bureau van Dijk (http://countrydata.bvdep.com). Now Eco Win will provide time-series analytics as well.

The EcoWin database offers 30 years of historical data online. Its extensive collection of macroeconomic and financial time-series data covers 86 countries as well as regional aggregates. Data is collected directly from over 200 international primary sources, such as national statistics offices, central banks, business survey organizations, and financial exchanges. …

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