Report by Britain's central bank reveals that it has found a correlation between Google searches and changes in house prices.

This article titled “Bank of England turns to Google to shed light on economic trends” was written by Graeme Wearden, for guardian.co.uk on Monday 13th June 2011 12.09 UTC

They may not know it, but web users who type “unemployment”, “estate agents” or “VAT” into Google are helping the Bank of England to gather information on the state of the British economy.

The central bank is turning to internet search data as it seeks to widen its understanding of unemployment, consumer spending and the housing market.

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