London, 18 February 2025

CEIC is pleased to announce the launch of its Point-in-Time (PiT) data offering, delivering over 10 years of meticulously maintained revised historical data—the longest revision history available in the market for the data sets carried by CEIC.

This cutting-edge solution has been designed specifically for quantitative analysis, addressing key challenges in backtesting and model validation. This launch follows CEIC’s recent recognition as the recipient of Waters Technology’s Best Alternative Data to the Buyside Award, cementing its position as a leader in reliable and innovative data solutions for quantitatively focused investment professionals and financial institutions.

PiT data captures real-world conditions as they were at the time, ensuring accuracy in backtesting and model validation. By eliminating hindsight bias from improperly timestamped revisions, it enhances the reliability of quantitative models. CEIC’s PiT data provides access to over 25,000 key economic indicators from G20 and ASEAN nations, sourced from more than 450 primary sources, (with 80% from difficult to source data).

Key Features of CEIC’s PiT Data:

• Unmatched Revision History: Over 10 years of tracked revisions including thousands of local and difficult-to-source economic data series, enables robust model building.
• No Look-Ahead Bias: Ensure your models and backtests only consider data that was available at the time eliminating biases inherent in utilizing revised data.
• Seamless Integration: Supports rapid integration through comprehensive Rest API, R, and Python interfaces. 

Steve Pulley, CEO of ISI Markets (parent company of CEIC) commented: “CEIC’s Point-in-Time data sets a new benchmark in macroeconomic data reliability and accessibility. With over a decade of curated revision histories and broad coverage across a unique plethora of developed and emerging markets sources, this offering empowers investment professionals to build more robust and resilient strategies. Our rigorous curation process, extended historical series, and seamless integration options ensure our data outperforms, delivering the confidence needed for accurate model outcomes and powerful decision making.”

Investment professionals who have tested CEIC’s PiT data recognize it as an invaluable resource for quantitative analysis, highlighting its comprehensive documentation, seamless API and Python integration, and superior data quality. These endorsements underscore CEIC’s commitment to providing reliable, backtest-ready economic data for robust model validation and informed decision-making.

Proven Results: Enhancing Backtesting Accuracy

 A CEIC study demonstrated the value of Point-in-Time (PiT) data by forecasting the US unemployment rate using non-farm payroll (NFP) data. Significant discrepancies emerged between forecasts made with properly timestamped PiT data versus using only the final revised data, highlighting the hindsight bias introduced. By leveraging CEIC PiT data, these biases were eliminated, resulting in more reliable and accurate models that replicate real-world decision-making, underscoring the critical role of PiT data in backtesting and model creation.

Request a CEIC Point-in-Time demo

Download the CEIC Point in-Time factsheet

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About CEIC

Founded in 1992, CEIC curates the highest quality and most timely economic data from traditional and high frequency alternative sources, enabling economists and investment professionals to understand the development and near-real time performance of the markets they cover. Data is available for over 200 countries and territories, with a specific focus on emerging markets through deep, country-specific databases. Visit www.ceicdata.com.

About ISI

ISI Markets incorporates CEIC, EPFR, EMIS and REDD - four product lines renowned globally as leading providers of data and insights across global markets, including the most granular and actionable information on the world's fastest growing and largest economies. Visit: www.isimarkets.com.

For press enquiries, please contact:

Gina White, Chief Marketing Officer

ISI Markets Company
BlueFin Building Level 1, 110 Southwark Street, London SE1 0SU, United Kingdom