Definition: Personal income points to the change in the dollar value of the income collected from all sources by consumers and serves to measure future consumer demand. The largest component of personal income is wages and salaries. Other categories include rental income, government subsidy payments, interest income and dividend income. A component of this figure, comprised of durable goods, non-durable goods and services, covers personal consumption expendit…
Definition: Retail Sales belongs to the industry and sector-based statistics. This type of indicator is collected by both government agencies and private sector groups. The activity they track is more limited, and can have a close correlation to the broader indexes, generating considerable trading interest. This indicator measures the total sales of goods by all retail establishments in the US, exclu…
Definition: In the US, the Federal Reserve's primary goal is to keep a sustained growth of the economy with full employment and stable prices. The information provided by the GDP index is a gross measure of the big economical picture. Representing the monetary value of all the goods and to signal services produced by an economy over a specified period, the real GDP is the most comprehensive measure of the country's production and it is indicative o…
[/i] Definition: The PPI is not as widely used as the CPI, but it is still considered to be a good indicator of inflation. Generally, the PPI is also collected by governments and it's considered to be among the most authoritative statistics.
This indicator measures and reflects the change of manufacturers’ cost of raw materials and semi-finished goods retrieving data from production and manufacturing firms across several sectors (manufacturing, agricultur…
Economic indicators are important to Forex traders, because they represent vital data to understand the macro picture of a currency’s economy. They also help to anticipate future market activity and to determine whether a particular currency is over- or under valued. Macroeconomic indicators include figures such as growth rates, interest rates, inflation, employment, money supply and productivity. There are many more indicators for the US economy than the…
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