What Is the Trade Balance Index?
The Balance of Trade index is an economic index that shows the difference between the value of a country’s exports and imports over a specific period. For example, a positive trade balance occurs when the value of a country’s exports is greater than its imports. A negative trade balance occurs when the value of a…
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What Is the Crude Oil Inventories Index?
The Crude Oil Inventory is a weekly report released by the U.S. Energy Information Administration (EIA) that measures the number of barrels of crude oil held by American companies. This index is regularly published by governments, especially in major oil-producing and consuming countries such as the United States. The crude oil inventory index is highly…
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What Is the Consumer Price Index (CPI)?
What Is the Consumer Price Index (CPI)? The Consumer Price Index (CPI), is one of the most important economic indices that measures changes in the prices of consumer goods and services used by households. This index is published monthly and is used as a measure of inflation and consumer purchasing power. Importance of the CPI…
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What is the Purchasing Managers’ Index (PMI)?
The Purchasing Managers’ Index (PMI) is a leading economic index used to predict the state of expansion or contraction in the manufacturing sector of an economy. This index has diverse applications for investors and economists, as it provides deeper insights into future employment and inflation conditions. Therefore, understanding and accurately analyzing the PMI can significantly…
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Gross Domestic Product (GDP): The Heartbeat of a Country’s Economy
GDP, or Gross Domestic Product, refers to the monetary value of goods and services produced and provided within a country. This index is typically published quarterly and compared with the annual report of the previous period. The GDP index helps you predict and analyze the overall economic growth of a country. The Impact of GDP…
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The Concept of the Unemployment Claims Index
The Unemployment Claims Index is considered as an important economic index in the forex market. This report is released along with the unemployment rate and wage growth rate on the first Friday of each month. This index shows the number of individuals who have recently applied for unemployment benefits and is considered as an indicator…
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