Answer:
An economic indicator is a piece of economic evidence, often on a macroeconomic scale, that analysts use to analyze current and potential investment opportunities. These metrics may also be used to assess an economy's overall performance.
Economic metrics may be what an investor wants, but specific data released by the government and non-profit organisations has become common. Any examples of such metrics include, but are not limited to:
The Consumer Price Index is a measure of how much anything costs (CPI)
GDP (gross domestic product) is a measure of (GDP)
Figures on unemployment
Crude oil prices
Economic metrics are classified into classes or divisions. Most of these economic metrics have a set release schedule, enabling investors to anticipate and intend for those data at predictable times of the month and year.
Leading measures are used to forecast an economy's future trends, such as the yield curve, consumer durables, net market formations, and stock values. These financial guideposts' figures or data can travel or shift before the market, thus their group name. The evidence provided by these metrics should be treated with a grain of salt since it is possible that it is inaccurate.
