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Guide to Economic Indicators: Making Sense of Economics - Sixth Edition

Bloomberg Press, 2007 - 244 pages

average customer review:based on 5 reviews
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   highly recommended  highly recommended





A good reference guide for understanding economic indicators

The book itself will be of great use for those analysts who evaluate country risk analysis. Economic indicators sometimes tend to be hard to understand, but this guide makes them easy to comprehend and relate to each other.


A reference guide

I expected a guide that would assist in determining where we were in the business cycle. This wasn't really it. The book is structured more like an encyclopedia - analyzing each indicator in detail and in isolation. A fine addition to anyone's economic reference books, but disappointed me by failing to treat the economy as an organic whole.


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A good purchase

As the title says, this book can help you make sense of economic indicators. The more you know, the easier it is for you to understand the economical aspects of society, and this seemed to add a lot more to my knowledge, and it clarified other thoughts.






Nice handy guide

I wish I would have had it during Macroeconomics class for a reference.


If only economics were that easy

True to the style of The Economist, this book makes everything seem easier than it really is. However, for people who spend too much time thinking about economic issues, this is actually rather refreshing, much like a cold beer after a long day's work.

Some examples: "In the long term, the growth in economic output depends on the number of people working and output per worker (productivity)" (Page 41); Or "In general, the more optimistic consumers are, the more likely they are to spend money. This boosts consumer spending and economic output" (Page 93)...

...One begins to yearn for the days where economics was more of an explanatory and less a mathematical science.

The guide is divided into a number of chapters discussing issues and examples related to
- How economic activity is calculated, and what the main indicators GDP/GNP/NNI capture and do not capture, as well as what changes in these indicators or their components mean.
- Employment indicators such as employment by sector or the unemployment rate
- Balance of payments and fiscal indicators, such as tax revenue or budget deficit
- Consumer indicators, such as disposable income or consumer confidence and their significance
- Investment and savings indicators, such as investment intentions or sales/inventory ratios
- Business indicators, including business conditions, auto sales, construction orders and other common stats
- Exchange rates and financial market indicators, such as interest rates and money supply.
- Prices and wages, like the effect of oil price changes, among others

Coverage of the most common and widely available indicators is fairly comprehensive. Given the simplicity of the book, it is better to have a certain level of economic knowledge and opinion to be able to put the content in context. Not much different to reading The Economist, really.


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It is essential to have a thorough understanding of economic information and to be able to grasp fully the real implications of the economic indicators referred to in business reports and by the media. This guide is, above all, a practical work that clearly explains the underlying economic realities of today's world. Fully updated and revised, this sixth edition is an invaluable reference for those in business, the financial markets, or government, and a necessary resource for students. Written for the nonspecialist, this accessible guide explains how to understand and interpret all that main economic indicators that relate to: GDP and GNI (GNP); Growth, trends and cycles; Population, employment, unemployment; Government; Investment and savings; Industry and commerce; Balance of payments; Exchange rates; and Money and financial markets.


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