Economic Indicator

Definition

Economic Indicator. A statistical measure of economic activity that is regular and comparable in the context of a statistical area (region), used for analysis of economic performance and predictions of future performance

The two main features of any indicator are the regularity with which they are measured and published, and the fact that they are comparable from one release to the next.

Example

Example indicators include the average work week, weekly claims for unemployment insurance, new orders, vendor performance, stock prices, and changes in the money supply.

See Also

• Barron's Dictionary of Business and Economic Terms, Fifth Edition, 2012

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.