This website uses cookies to ensure you have the best experience. Learn more

Recent Trends In Economic Variables Essay

868 words - 4 pages

In order to assess the current state of the economy, the examination of important economic indicators or variables has always played a vital role in the understanding of the complex economic systems we live in. The analysis of these economic variables studied by many, not only has served as a tool to evaluate the current economic performance of a country, but also has allowed experts to envisage and continue the pavement of an economy's road. Currently, some economic variables have had favorable improvements indicating a general good outlook for the economy for the following months, requiring a further individual analysis and comparisons in order to foresee crisis or successes.

One of the important economic variables being tracked is the consumer price index released by the Conference Board every month. Lately, people have claimed the economy seems to have a fair projection for consumer spending to some extent based on a 3.2 index increase in the last report. More specifically, thanks to the recent spending of the top 15% households comprised by higher income families, according to the report made by Kathleen Madigan of the Wall Street Journal in the article "Vital Signs: The 15%ers Are Feeling Better — and That’s Good for Economy’. However, the article and the chart posted note an important observation regarding the study of this trend. In 2012, the Commerce Department data implied the economy would suffer as high-income consumers felt nervous about the state of the economy generating a cutback in spending. Nevertheless, the trends seems to be different nowadays given that the economy is reacting to a new financial atmosphere in a new season. The data presented by Commerce notes wealthier families have decreased their spending in rent and tobacco products in the previous month without hurting the economy as it occurred two years ago, though they are still spending money on luxury products. In conclusion, the current outcomes for this economic variable are indicating good signs regarding future consumer spending, and an overall fair improvement for the economy in this aspect.

Month PMI® Month PMI®
Jan-14 51.3 Jul-13 54.9
Dec-13 56.5 Jun-13 52.5
Nov-13 57 May-13 50
Oct-13 56.6 Apr-13 50
Sep-13 56 Mar-13 51.5
Aug-13 56.3 Feb-13 53.1
Another important economic variable used to predict the behavior of gross domestic product (GDP), and obviously vital to analyze an economic environment, is the Purchasing Managers Index (PMI). Based on the latest report by the Institute...

Find Another Essay On Recent Trends in Economic Variables

Hospital Trends in The Current Economic Environment

974 words - 4 pages Hospital Trends 1. How is the current economic environment affecting hospitals? According to the article, “The Economic Downturn and Its Impact on Hospitals”, the current economic environment is affecting hospitals and other heath care facilities in a number of ways. The most common issue relates to inability of the hospitals to obtain and secure relevant financing that enables health institutions to meet their daily obligations. Since most

Is the institution of marriage in decline? Should nations be taking actions to influence any recent trends ?

1106 words - 4 pages and 31.3 for men compared to 29.7 and 29.3 respectively a decade earlier. Despite the drop in the overall number of marriage during this period, various trends appear depending on the age group, less single men aged between 20 and 29 got married while more of them aged between 35 and 44 did so. There were also discrepancies in the data for women. The amount of weddings grew for women aged between 30 and 44 when the age group 20-24 fell. In my

China set to cool off its Growth. An essay about the recent high levels of economic growth in china. Economics

638 words - 3 pages China set to cool off its Growth.China is experiencing large economic growth to the point where it may not be sustainable without equally large inflation. But any reduction in rate of Chinese economy's growth will have little effects on neighboring Asian economies due in part to the current and anticipated growth of both U.S. and Japanese economies anticipated. It appears that the Chinese government is trying to take preemptive, measures

Discuss the ethical, political and practice implications on accountability in nursing as a result of the current economic climate and recent cuts in health care spending

3588 words - 14 pages role of health care assistants originated during the Crimean War, and was valued by Florence Nightingale who considered them as nurses' assistants. The skill mix dilution expanded since then, mostly during times of staff shortages, removal of student nurses from the workforce in 1980s and because of the need for cost-effective labour (Stokes & Warden, 2004). Due to recent economic climate, further reorganisation and dilution of skill mix

You are a researcher working on data from the EPICA ice core as described in epica.csv. You are required to write a short report that presents an analysis of the temporal trends, statistical...

659 words - 3 pages (ppb) from 50022 years before 1950 to 129 years before 1950. Data is collected from EPICA Dome C Ice Core, Antarctica.In figure 3, the time series starts off sturdily and begins to rise from 50022B.P. until reaching the peak at 700(ppb) in 25123B.P., then it shows a sharp drop in the trend until showing a long tail from 15070 B.P. / n7187/full/nature06763

Dallas's Ban on Smoking: brief discussion about the recent ban on smoking in Dallas area restaurants and businesses in early 2003. Discussion of health and economic effects

726 words - 3 pages the authority to regulate smoking in area restaurants and businesses at anytime to promote public health, regardless of the economic effects.The theory that smoking is hazardous to one's health has been researched for decades. Scientists have concluded that smoking is harmful to a smoker and the innocent bystander. Tobacco and its smoke can trigger cancer, asthma, and allergies. This research has led many people to stay away from tobacco and its

Identifying Long Term Trends

1262 words - 6 pages more trendy and expensive products. Other things to consider would be the inflation and exchange rates depending on the market. Hedging against various currencies would be a great idea in combination with insurance policies to protect Nike from losses in foreign markets. Overall it is imperative to study as many economic variables as possible when working in any market. Until you understand the economy and the financial trends of a region you will

The Impact of Fiscal Deficit on Economic Growth

1377 words - 6 pages Fiscal Deficit 5.6 5.302683 0.216449 1.92085 Based on the Descriptive analysis, the Indian economy has achieved the 6 percentage growth level approximately for recent four decades. Due to that, we should have responsibility to believe whether these achievements are in the effective or not. When we answer this type question in the economical perspective, we should focus on the other macro economic variables as money supply, unemployment rate

the essay is an economics paper abt the relation between S&P500 and NASDAQ, using regression and other statistical tools

2419 words - 10 pages , seasonally adjusted.The two indexes selected for this paper are highly correlated. Due to their high correlation, the economic indicators listed above were placed in a spreadsheet and ran through various tests as well as a regression analysis. The S & P 500 is a list of the top 500 companies in the stock market and the NASDAQ is an index consisting mainly of technology firms. We have found that due to the recent demand for technology, the

Brazil's Tax Burden Gives Negative Effect

1197 words - 5 pages in the time series plot below, most variables do not show severe exponential trends, and fluctuate normally around a particular mean value. However, this does not mean that the variables depict a scaled non-exponential trend, this study will use econometric tools to neutralise the non-exponential trends that still exists within the variables. Correlation Matrix Before engaging into building the regression model, it is vital to verify whether

Kraft FG

760 words - 4 pages / Euromonitor GMID provides information in the following areas economic and demographic statistics, on industries, countries, and consumers. URL: Technical Forrester Research provides market research reports focusing on emerging technologies and industry technology trends. URL: Plunkett Research Online provides information on analysis, research, statistics, trade associations, and

Similar Essays

Recent Economic Trends In The Russian Economy

1987 words - 8 pages observed a steady improvement in its economy after its dismal performance in the year 1998 thus bringing in a sense of stability and building investor confidence.The Russian stock market in 2001 did exceedingly well and achieved a growth rate only second highest to Argentina in the world. Besides the stock market, there were other economic indicators that showed positive trends in the year 2002. There was a 17.4% increase in real wages; inflation for

How Recent Economic Trends Influence Business

1494 words - 6 pages How recent economic trends are influencing the business A firm and its management are affected by many factors present in its environment and this because a business can not operate in vacuum. The factors existing in a business’ environment are beyond control by a firm and the factors affects how a business operates and performs in the market (Li, 2008). Other macro environmental factors besides economic that affect business performance include

Economic Trends In Consumption Patterns Essay

1787 words - 7 pages Today, the world of business is predisposed to the delicacy of the consumer impulse. A business, which craves the position as a top runner or key dynamic in its trade, must be able to foresee the trends in consumer consumption patterns. Many companies spend several million dollars every year in studies and research to generate or verify trends among present consumers of the company. The research and studies also aid in anticipating future

Recent Trends In Document Clustering With Evolutionary Based Algorithms

2695 words - 11 pages applications2011, World Scientific and Engineering Academy and Society (WSEAS): Puerto Morelos, Mexico. p. 158-163. 47. Willett, P., Recent trends in hierarchic document clustering: A critical review. Information Processing & Management, 1988. 24(5): p. 577-597. 48. Steinbach, M., G. Karypis, and V. Kumar, A Comparison of Document Clustering Techniques. University of Minnesota,Technical Report #00-034, 2000(X). 49. V., M.A.B. and M. D. An analysis of document