The price movements in a financial market depend heavily on the economic indicators of a country. Being the largest global economy, US economic indicators data like CPI, inflation rate, mortgage rates, and many more can help ones analyze the current global economic scenario. This can help one make data-driven financial decisions.
In this article, we will learn how to import US economic indicators data to Google Sheets using Amigo Data Add-on. You will be able to import various kinds of US economic indicators data like inflation rate, mortgage rate, CPI, and many more. Amigo Data gives you the flexibility to update your data automatically, just set it up once and let Amigo Data do the job for you.
The snippet below shows the 10-year monthly US government bond yield.
To import US economic indicators data to Google Sheets, we will follow the steps below:
- Install the Amigo Data add-on
- Generate API key
- Get the data endpoint
- Import the data to Google Sheets
Import US economic indicators data to Google Sheets
Here’s the step-by-step guide to US economic indicators data to Google Sheets.
Install the Amigo Data add-on
Install the Amigo Data Google Sheets add-on from the Google Workspace Marketplace.
Generate the API key
Sign up to RapidAPI.
Once you’re logged in, go to the U.S. Economic Indicators API in RapidAPI.
Choose a subscription plan from the Pricing menu and subscribed to the API.
Click Endpoints to go back to the US Economic Indicators API and scroll down a bit. You will find your API key under the Header Parameters.
Choose an endpoint
The types of data that we can retrieve using the API are listed on the left side of the documentation. For this tutorial, we will import from the Consumer Price Index endpoint. This endpoint provides us with 10+ years of consumer price index data.
Click the Test Endpoint option to run the query.
The success message indicates that the endpoints are functioning correctly.
The API endpoint URL and headers can be found under Code Snippets.
Change (Node.js) Axios to Shell-> cURL from the dropdown menu.
Copy the URL excluding the apostrophes and also note the headers. These will be used to pull the US economic indicators data to Google Sheets.
Import the data to Google Sheets
Go back to Google Sheets and launch the Amigo Data extension to import the economic indicators data to Google Sheets.
Select Custom API from the list of sources.
Paste the endpoint in the API URL field.
Then expand the Details tab and enter the following as headers:
Header 1 Name: X-RapidAPI-Host Value: u-s-economic-indicators.p.rapidapi.com Header 2 Name: X-RapidAPI-Key Value: your_key
Replace your_key with your RapidAPI key.
Then click the PREVIEW button to retrieve and preview the economic indicators data to import to Google Sheets.
Flatten the data points and then click IMPORT.
In the snippet below, we have the consumer price index imported into Google Sheets.
You can likewise import other types of data. Following are some other examples.
Mortgage rate data
Using a Mortgage rate 30-year fixed endpoint, you can import
30-Year fixed mortgage rates data on the monthly basis.
Bond Yield data
Using a 10-year Bond Yield endpoint, you can import 10-Year government bond yield data on the monthly basis.
Similarly, you can also explore other endpoints. To explore more endpoints go through the documentation.
After importing the data, you can also set a refresh schedule so that the data are updated automatically at regular intervals. By this, you can automate importing financial market data to Google Sheets. To learn how to set a refresh schedule, follow this link.
There are several other types of data that you can import into Google Sheets using Amigo Data such as CNBC data, Trading View data, Coinranking data, and many more. Visit our blog to find out the kinds of data you can import to Google Sheets.
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