Economic Indicators
Economic indicators are statistics that provide information about the current state of the economy. These indicators can be used to analyze trends, forecast future economic conditions, and make informed decisions about investments and business operations. Some common economic indicators include:
1. Gross Domestic Product (GDP): This is the total value of all goods and services produced within a country's borders in a given period of time. It is considered the most comprehensive measure of a country's economic performance.
2. Unemployment Rate: This is the percentage of the labor force that is unemployed but actively seeking employment.
3. Consumer Price Index (CPI): This measures the average change in prices of a basket of goods and services purchased by households.
4. Producer Price Index (PPI): This measures the average change in prices of goods and services sold by producers.
5. Retail Sales: This measures the total sales of goods and services by retailers.
6. Industrial Production: This measures the output of the manufacturing, mining, and utility sectors.
7. Housing Starts: This measures the number of new residential construction projects started in a given period of time.
8. Consumer Confidence Index: This measures consumers' attitudes and expectations about the economy and their own financial situation.
9. Business Confidence Index: This measures business leaders' attitudes and expectations about the economy and their own business prospects.
10. Balance of Trade: This measures the difference between a country's exports and imports of goods and services.
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