Economic Indicator Law and Legal Definition

Economic indicator is a statistical measure used to depict the state of the economy or to anticipate its discretion. Economic indicators analyses economic performance, predicts future performance, and studies business cycles. Some of the examples of economic indicator are unemployment rate, quits rate, housing starts, consumer price index, consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadband internet penetration, retail sales, stock market prices, and money supply changes. It is also called as business indicator.