economic indicator
criterion or measure of the state of the economy
Economic indicator
An economic indicator (or business indicator) is a
statistic about the
economy. Economic indicators allow analysis of economic performance and
predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries, such as
unemployment,
housing starts,
Consumer Price Index (a measure for
inflation),
industrial production,
bankruptcies,
Gross Domestic Product,
retail sales,
stock market prices, and
money supply changes. Economic indicators are primarily studied in a branch of
macroeconomics called "
business cycles". The leading business cycle dating committee in the
United States of America is the
National Bureau of Economic Research.
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Economic Indicator
statistical data showing general trends in the economy. Those with predictive value are leading indicators; those occurring at the same time as the related economic activity are coincident indicators; and those that only become apparent after the activity are lagging indicators. Examples are unemployment, housing starts, Consumer Price Index, industrial production, bankruptcies, GDP, stock market prices, money supply changes, and retail sales.