Economic Indicators on forex
We
have created a comprehensive glossary of economic indicators from the relevant
markets. While these indicators are generally applicable economic terms, some
of them are specific for the country of their release.
To
see a definition of a term, click the box below or definition, and the
definition will appear underneath.
The
number of cars sold during a particular ten-day period. The timeliness of this
indicator (released three days after the 10-day period) makes this the most
current piece of US economic data. The size of the item in question and the
timeliness of the release allow auto sales to be a useful leading indicator of
retail sales and personal consumption expenditures data.
Complete
summary of a nation's economic transactions and the rest of the world including
merchandise, services, financial assets and tourism. The balance of payments is
separated into two main accounts: the current account and the capital account.
·
Balance
of Trade (Merchandise Trade Balance)
The
difference between a nation's exports and imports of merchandise. A positive
balance of trade, or a surplus, occurs when a county's exports exceed its
imports. A negative balance of trade, or a deficit, occurs when imports surpass
exports. Rising exports add to GDP while falling imports are subtracted from
it. The US merchandise trade balance has been in a deficit since the mid-1970s.
Rising deficits can be reflective of increased consumption, which can be a sign
of a strengthening economy.
·
Beige
Book Fed Survey
Officially
known as the Survey on Current Economic Conditions, the Beige Book, is
published eight times per year by a Federal Reserve Bank, containing anecdotal
information on current economic and business conditions in its District through
reports from Bank and Branch directors, and interviews with key business
contacts, economists, market experts, and other sources. The Beige Book
highlights the activity information by District and sector. The survey normally
covers a period of about 4-weeks in duration, and is released two weeks prior
to each FOMC meeting, which is also held eight times per year. While being
deemed by some as a lagging report, the Beige Book has usually served as a
helpful indicator to FOMC policy decisions on monetary policy.