Economic Indicators importance ranking

Trading Discussion News and Economy
1

Hello everyone,

I’ve been researching the web for important economic indicators and this is the list that I came up with:

Chicago PMI
Construction Spending
Consumer Confidence
Consumer Credit
Core CPI
Core PPI
CPI
Current Account
Durable Orders
GDP-Final
Industrial Production
Initial Claims
Interest Rates
ISM Index
ISM Services
Leading Indicators
Mich Sentiment-Prel.
Mich Sentiment-Rev.
Nonfarm Payrolls
NY Empire State Index
Philadelphia Fed
PPI
Retail Sales
Trade Balance
Treasury Budget
Unemployment Rate

Now out of these indicators, which ones are more important?

2

I think the top of that list would be(in order of importance)

  1. Unemployment
  2. Interest rates(FOMC rate decisions)
  3. TIC data
  4. Trade Balance
  5. Current account
  6. GDP
  7. Current Account
  8. Inflation (CPI)
  9. Gross Domestic Product
3

There are the top factors that have a major market impact on a regular basis:

US employment data
FOMC meetings
US Federal Reserve Chairman’s testimoy
US trade balance
US GDP
ECB rate decisions
US Consumer Price Index
US retail sales
Japan Tankan Index

4

In our country, only the unemployment rate applies. It is enlightening to know that the problem of unemployment is not only prevalent in our country but also in the US as well. We really think of the US as a place for a better future because there are many job opportunities compared to our place but this report is a discovery for me.

5

great top :wink: