5 Economic Indicators To Understand

3. Consumer Spending.

Macroeconomic indicators are tough, but the most pertinent ones should revolve around consumer spending. Gallup produces monthly reports, as well as the Bureau of Labor Statistics, which publishes a monthly consumer price index that covers the average cost of goods such as food, housing and clothing. You can’t really tell how the economy is going with one report, but you can get a sense of the well-being of the economy by analyzing a variety of reports and comparing them to previous years.