economic indicator

USAGE SUMMARY

'economic indicator' is correct and usable in written English.
It generally refers to any statistic or measure that is used to analyze the performance and health of a country's economy. For example, the stock market can be an important economic indicator, as an increase in stock prices can be a sign of economic growth.

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

54 human-written examples

No economic indicator is the holy grail.

The New York Times

Facebook billionaires are apparently a leading economic indicator this year.

The Guardian - Money

The key economic indicator at the moment is consumer confidence.

The New York Times

Insolvencies, like unemployment, are a lagging economic indicator.

The Economist

"That is the one economic indicator that all consumers understand".

The New York Times

No economic indicator is a political holy grail.

The New York Times

"If our business is any sort of economic indicator, things are going well".

The New York Times - Food

Almost every social and economic indicator is moving in the right direction.

The New Yorker

Re "Latest Economic Indicator: A Depression Doll Is Hot" (Jan . 7.

The New York Times - Style

Good news, no? Business returning to a dormant location seems like a positive economic indicator.

The New York Times

This summer, the former sanctuary known as the yard has become an economic indicator.

The New York Times - Travel

Expert writing Tips

Best practice

When discussing "economic indicators", specify the time frame and geographical region to provide context. For example, "Q2 2024 GDP growth in the Eurozone is a key economic indicator."

Common error

Avoid making broad economic generalizations based on a single "economic indicator". Always consider a range of indicators to get a comprehensive view of the economy.

Linguistic Context

The phrase "economic indicator" functions as a noun phrase that identifies a specific statistic or measure used to assess the state of an economy. As Ludwig AI states, it refers to any statistic or measure that is used to analyze the performance and health of a country's economy. Examples from Ludwig show its use in discussing various aspects of economic performance, such as consumer confidence, unemployment, and stock market trends.

Expression frequency: Very common

Frequent in

News & Media

81%

Science

10%

Formal & Business

9%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "economic indicator" is a common and grammatically correct term used to describe a statistic or measure that reflects the health of an economy. Ludwig AI confirms its validity and widespread usage. Predominantly found in news and media, with significant presence in scientific and business contexts, the phrase serves to inform and analyze economic conditions. Related phrases include "economic gauge" and "financial metric", offering alternative ways to describe economic measures. When using "economic indicator", it's best practice to specify the timeframe and region, while avoiding over-reliance on a single indicator for making economic generalizations. Its frequent usage across authoritative sources such as The New York Times and The Economist underscores its importance in economic discourse.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic gauge

Replaces 'indicator' with 'gauge', implying a tool for measuring economic conditions.

financial metric

Focuses on the financial aspect of the indicator, emphasizing quantifiable measures.

leading indicator

Specifies that the indicator is predictive of future economic activity.

macroeconomic variable

Highlights the indicator's role as a variable in the broader macroeconomic context.

key economic statistic

Emphasizes the statistical nature and importance of the indicator.

economic benchmark

Suggests the indicator serves as a standard for comparison.

economic measure

A broader term that encompasses any method of quantifying economic phenomena.

barometer of the economy

Uses a metaphorical term to indicate the indicator's role in assessing economic health.

sign of economic health

Focuses on the indicator's ability to reflect the overall well-being of the economy.

economic trend indicator

Highlights the indicator's usefulness in identifying and tracking economic trends.

FAQs

How is an "economic indicator" used in a sentence?

An "economic indicator" is used to provide information about the state of the economy. For example: "The unemployment rate is a crucial "economic indicator" for assessing the labor market."

What are some alternatives to saying "economic indicator"?

Alternatives include "economic gauge", "financial metric", or "macroeconomic variable", depending on the specific context.

What makes an "economic indicator" reliable?

A reliable "economic indicator" is consistently accurate, timely, and representative of the overall economic conditions. It should also be based on sound methodology and verifiable data.

What's the difference between a leading and a lagging "economic indicator"?

A leading "economic indicator", such as the stock market, predicts future economic activity, while a lagging "economic indicator", such as unemployment rates, reflects past economic performance.