What are economic indicators?

ASU economist explains how policymakers use statistics and economic indicators to forecast trends amid uncertainty.

In this story published March 11, 2025, on The Motley Fool:

Policymakers use various economic indicators to assess the likely direction of the economy. Since nothing is known with absolute certainty, any predictions carry a probabilistic component. Statistics and econometrics are powerful tools that are frequently employed for forecasting.

– Domenico Ferraro, associate professor of economics