Economic Indicator
A statistic that shows how an economy is doing, such as GDP, unemployment or inflation.
In plain English
A statistic that shows how an economy is doing, such as GDP, unemployment or inflation.
An economic indicator is a vital sign for an economy. Some lead (they change before the economy does, like building permits), some coincide (like industrial production) and some lag (like unemployment).
Markets react most when a release surprises the forecast, because that changes expectations for interest rates.
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