economic indicator

Definition

Statistical data showing general trends in the economy. Those with predictive value are leading indicators; those occurring at the same time as the related economic activity are coincident indicators; and those that only become apparent after the activity are lagging indicators. Examples are unemployment, housing starts, Consumer Price Index, industrial production, bankruptcies, GDP, stock market prices, money supply changes, and housing starts. also called business indicators.

Use economic indicator in a sentence

It was an economic indicator and it showed that there was something going on that we needed to take note of.

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Every Thursday the Department of Labor releases weekly jobless claims which is considered a leading economic indicator as to the state of the economy.

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Most families moving to a new city will benefit from an economic indicator that would show them what their earning potential, public education and life style would look like.

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index of industrial production chain deflator