Economic indicators provide a snapshot of the economy's health. An economist might check the vital signs of the economy by looking at gross domestic product (GDP), consumer price index (CPI) or the unemployment rate The economic indicators help them see where the economy is in terms of the business cycle, which shows the rising and falling of economic conditions over time.
Economists categorize some economic indicators as Leading indicators anticipate the direction in which the economy is headed.
Coincident indicators provide information about the current status of the economy.
Lagging indicators change months after a downturn or upturn in the economy has begun and help economists predict the duration of economic downturns or upturns.
Some of the economic indicators are as follows
Average Weekly Hours of Manufacturing Production Workers
This indicator shows the average number of hours worked weekly by employees in the manufacturing isector. The figures are not seasonally adjusted, and are therefore subject to seasonal variations. Figures from January 2001 to the present are base
An excess of goverment spending over government receipts
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