Low Consumer Confidence: Simply it means consumers spend lesser-a sign of the slowdown of the economy. Economic indicators tell a lot about how the health of an economy stands and what the economy is headed towards. This knowledge makes a lot of difference in choosing wisely to businessmen, investors, as well as individuals. Let's unravel some of the common economic indicators that are all in use, what they represent actually, and how to interpret them.
1. Gross Domestic Product (GDP)
Gross Domestic Product or GDP is the total value of goods and services produced within the boundaries of a particular country over some stipulated period of time. It's one of the measures with the highest frequency usage while speaking of economic health. Generally an increase in GDP often reflects an increase in the economy, whereas any kind of reduction in GDP represents contraction in the economy.