CEIC adds e-commerce data provider Grips Intelligence to its economic data platform
CEIC today announced that it was adding e-commerce data at country and product level from Grips Intelligence. This is the latest in a series of content additions to the CEIC platform focused on offering clients more immediate insight on economic developments through alternative datasets. Grips Intelligence’s global dataset is designed to offer timely and precise insights into global consumption trends, further empowering economists and investment professionals to understand retail trends by market and category.
The application of this dataset is expected to be significant across a diverse range of professionals and industries, including economists, data quants, asset managers, and hedge funds.
• Economists and Quants will find Grips to be an invaluable tool for nowcasting economic growth and identifying shifts in consumption trends on a global scale. This near-time dataset offers a more comprehensive and up-to-date perspective on consumer spend and its potential economic ramifications.
• For alternative and sentiment-focused asset managers, Grips enables them to incorporate this robust dataset into their Retail Sector analysis, ultimately enhancing their investment strategies and optimizing portfolio allocation. E-commerce data, as provided by Grips, serves as a reliable proxy for Retail Sector performance, offering insights into retail sales that can drive informed investment decisions.
• Hedge funds, which rely on up-to-date retail and consumer variables for their asset allocation strategy, will benefit significantly from Grips. This dataset offers a wealth of timely data essential for successful asset allocation and performance analysis.
With Grips, CEIC helps professionals make better data-driven decisions and react quicker to changing market conditions, setting a fresh standard for understanding and forecasting global consumption trends.
About Grips
What sets Grips apart is its daily update frequency, granting users an early indicator of retail sales trends, well in advance of official statistics. Covering 60,000 merchants, including Amazon and eBay, across 116 countries, it delivers comparable statistics, heralding a transformative shift in how users analyse and forecast GDP and consumer spending. Additionally, Grips facilitates granular sector-level analysis, allowing users to delve into the consumption trends of specific categories. The data are organised according to the Google taxonomy, spanning Computer Electronics to Health Products. CEIC's incorporation of Grips offers a more accurate and timely dimension to enhance economic analysis.
About CEIC
In an era of rapid economic change, geopolitical developments and supply chain evolution, nobody is better placed than CEIC to support investment and business decisions. As well as traditional economic data, CEIC incorporates alternative and high frequency data sets that offer fresh and immediate perspective on markets. For over 30 years, CEIC has curated the highest quality data for our clients, helping them to generate insight into current trends and future developments. Economists, investment professionals and data scientists all over the world have come to rely on CEIC’s expertise in delivering reliable global and emerging market macroeconomic data.