Question

Here is economic calendar for the United Kingdom for August 2013, Examine indicators like PMI (Market UK PMI Manufacturing), employment (Jobless Claims Change), and GDP (GDP YoY). Most investors prefer to examine year-over-year (YoY) data versus month-over-month (MoM) because YoY is subject to less volatility and therefore representative of longer trends in the economy. Based on the majors indicators, how did the U.K economy perform overall?

Answer 1

Based on the majors indicators, the U.K economy perform above expectations as the UK surprised the world in the second half to 2013 with the robustness of its economy.

What are the three major indicators of the economy?

Economic indicators cover measurements of stability and macroeconomic performance, such as gross domestic product (GDP), consumption, investment, and international commerce (central government budgets, prices, the money supply, and the balance of payments).

The GDP, unemployment rate, and inflation are the main three indicators that economists look at to determine how the economy is performing overall. The primary gauge of macroeconomic performance is generally acknowledged to be the Gross Domestic Product (GDP). An economy's overall size can be determined by looking at its GDP in absolute terms, whereas its overall health can be determined by observing fluctuations in GDP, which are frequently quantified as real GDP growth.

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