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An Economic Indicator is a statistic used to measure the performance of an economy. It is used to measure the current state of the economy, as well as to predict future economic trends. Economic indicators are used by governments, businesses, and investors to make decisions about economic policy, investments, and other economic activities. Examples of economic indicators include gross domestic product (GDP), unemployment rate, inflation rate, consumer price index (CPI), and balance of trade.
Economic indicators are released by government agencies, such as the Bureau of Labor Statistics, the U.S. Census Bureau, and the Federal Reserve. Private companies, such as Bloomberg, Standard & Poor's, and Moody's, also provide economic indicators. These companies provide data on a variety of economic indicators, including consumer spending, housing starts, and industrial production. Additionally, some companies provide economic forecasts and analysis of economic indicators. These companies include IHS Markit, Oxford Economics, and The Conference Board. Show Less Read more