Economic Growth indicators
Understanding economic growth can tell you if an economy is growing steadily or on the verge of a recession. We’ll explain how to understand announcements related to economic growth and what they can mean for your trading strategy.
In any given calendar month, there will be several releases of economic data that indicate how an economy is performing. The most widely watched indicator is Gross Domestic Product (GDP). Traders will also look to other indicators that can provide a lead on economic growth – Purchasing Managers Index data in particular.