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It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. GDP, this report is a key indicator for predicting future economic activity. A healthy report can potentially extinguish concerns of reduced consuming spending vis-a-vis higher anticipated import costs. Download episodes directly from podcast hosts for the most secure and reliable experience. What better way than a pop quiz to see how much of the nitty gritty she really knows.

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Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Consumer Confidence measures the level of consumer confidence in economic activity.

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