Key economic indicators
The important global indicators that were released last week include:
- US crude oil inventories
- US weekly jobless claims
- US retail sales
- China’s industrial production
Economic indicators are important for investors, as they shed light on the economic health of a country. They also help investors to identify short-term trends in the economy. Investors who invest overseas should monitor these indicators to better understand the condition of the global economy (ACWI) (VTI) (VEU).
In this series, we’ll discuss the fall in US crude oil (USO) (UWTI) stockpiles for the week ended May 6 and the increase in US (SPY) (SPXL) weekly jobless claims. We’ll also look at US retail sales for April and analyze why China’s industrial production slowed down during the month. In the next part of the series, we’ll analyze the change in weekly US crude oil inventories.