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Economic indicators are key economic statistics that help in
making economic forecasts. Economic indicators show how the economy is growing
and indicate how it might fare in the future. In short, economic indicators are
‘economic statistics'that indicate the current level of economic growth and
also the stability of the economy. The three main features of economic
indicators are – how they related to the business cycle, the frequency of the
data, and their timing.
In relation to changes in business cycle, economic indicators can be
differentiated into procyclic indicators, countercyclic indicators and acyclic
indicators. The frequency with which the indicators are released is not same for
all. Economic indicators may be released weekly, quarterly, half-yearly, etc.
Depending upon timing, economic indicators can be classified into leading,
lagging and coincident indicators. |
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