How can we define economic indicator?
An economic indicator is a model of statistics which highlights the overall economic growth of a country or a region. Economic indicators give the idea of current and futuristic predictions of the economic activity.
What really an economic indicator shows?
An economic indicator exposes certain facts and figures before the public such as unemployment, poverty, gross domestic product, consumer price index, industrial production, bankruptcies, variations of money supply and prices of stock market etc.
Economic indicators as business cycle
Economic indicators are mostly calculated in a branch of macroeconomics called “business cycles”. The most important business cycle rendezvous agency in the United States is the National Bureau of Economic Research (NBER).
Latest news
News published on Monday that economic indicators predicted to slight increase of economy during the month of April, 2008. Top index of the U.S economic indicators has been launched by the NBER. Here, it is mentioned that economic activity rose up to 0.1% last month.
