Understanding the Economic Calendar
In order to understand more the Economic Calendar, here are the different terms that are used in order to predict the changes in the economy:
1. Consumer Price Index (CPI). This is the average of prices of consumer goods and services (e.g. food, transportation). It is used in assessing the cost of living.
2. Gross Domestic Product (GDP). It is the annual basis on the monetary value of all the finished goods and services within the border of the country in a given time period. GDP usually indicates the current health status and productivity of the country.
3. Purchasing Managers’ Index (PMI). This is the indicator of the manufacturing sector’s productivity or economic health.
4. Treasury International Capital (TCI). The indicator of treasury and security flow of the different bonds and equities that goes in and out of the country.
5. Motor Vehicle Sales. Quantity of the produced transportation vehicles that are sold. This is an indicator of the reported sales of manufacturers for every month.
The terms mentioned above are just a few of the different economic indicators used in the economic calendar. These indicators will be very much useful if they are predicted and used properly. Moreover, these are all about the economic calendar and the different terms used within it.
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