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Economic Indicators

Economic Indicators - Stacey Springer ECO550 Managerial...

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Stacey Springer ECO550 Managerial Economics & Globalization June 02, 2011
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Economic indicators are defined as the key statistics that indicate the direction of an economy. There are three main types of economic indicators: Leading Indicators: Such as new orders for consumer durables, net business formation and share prices, that attempt to predict the economy’s direction. Coincident Indicators: such as gross domestic product (GDP), employment levels, retail sales that show up together with the occurrence of associated economic activity. Lagging Indicators: Such as gross national product, consumer price index, interest rates that become apparently only after the occurrence of associated economic activity. Retail Sales are the official measure of broad consumer spending habits based on products that are durable, and lasting more than three years and non-durables that last less than three years. Purchasing goods and services is something the all adults in the United States do usually on a daily basis. For this reason, retail sales are an
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