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Economic Data Guides

Evergreen guides for major economic indicators. Explains what each series measures, how it fits into the macro picture, and what surprises usually mean for FX, rates, equities, and commodities.

US CB Leading Index — Indicator 1.51

The Conference Board (CB) Leading Economic Index for the United States is a composite gauge designed to capture forward-looking signals about the business cycle. It aggregates several underlying time series—typically things like new orders, building permits, jobless claims, credit conditions, equity prices and consumer expectations—into one headline “leading index” that aims to signal turning points […]

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US Business Inventories m/m — Indicator 1.52

US Business Inventories m/m (1.52) tracks the monthly percentage change in the dollar value of inventories held by manufacturers, wholesalers, and retailers. It sits in the “real economy / activity” block of the calendar: not about prices or jobs, but about how much unsold stock is sitting in the pipeline between producers and final demand. […]

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US Wholesale Inventories m/m — Indicator 1.53

US Wholesale Inventories m/m tracks the month-over-month percentage change in the value of inventories held by US wholesalers—firms that sit between manufacturers and retailers in the supply chain. It is a price-adjusted, volume-style gauge of how much stock is sitting in warehouses at the wholesale level. The data are released monthly and are relatively lagging […]

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US Crude Oil Inventories — Indicator 1.54

US Crude Oil Inventories track the weekly change in commercial crude oil stockpiles held by US firms (excluding the Strategic Petroleum Reserve in the headline figure). The data are published by the EIA and usually expressed in millions of barrels, e.g. an example print might be -4.0M barrels vs a consensus of -2.0M, after a […]

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US Natural Gas Storage — Indicator 1.55

US Natural Gas Storage (1.55) tracks weekly changes in the amount of natural gas held in underground storage facilities across the United States, as reported by the EIA. It’s measured in billions of cubic feet (bcf) and shows whether stocks increased (“build”) or decreased (“draw”) relative to the prior week. This sits in the real-economy/commodity […]

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US API Weekly Statistical Bulletin — Indicator 1.56

In the DominionFX taxonomy this is Indicator 1.56 within the US block of energy-related releases. The API Weekly Statistical Bulletin is a private, weekly snapshot of US petroleum market conditions compiled by the American Petroleum Institute. It typically reports changes in crude oil inventories (total and at key hubs like Cushing), gasoline and distillate stocks, […]

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US Initial Jobless Claims (weekly) — Indicator 1.57

Initial Jobless Claims track how many people file for unemployment insurance for the first time in a given week. It’s a high-frequency, flow-type measure of layoffs in the US economy. That puts it squarely in the labour-market block of the macro puzzle, sitting between firms (who fire people) and households (income shock/risk sentiment) and feeding […]

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US Continuing Jobless Claims (weekly) — Indicator 1.58

Continuing jobless claims track how many people are still receiving unemployment insurance benefits after their initial claim, usually from the second week onward. In other words, initial jobless claims (1.57) tell you how many workers just lost their jobs that week, while continuing claims (1.58) tell you how many are still out of work and […]

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US Nonfarm Productivity q/q — Indicator 1.59

Nonfarm Productivity (q/q) measures how much output US businesses in the nonfarm sector produce per hour worked over a quarter. It sits right at the junction between growth and inflation: the more output you squeeze out of each hour of labor, the more the economy can grow without generating wage-driven inflation. It’s published quarterly and […]

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US Unit Labor Costs q/q — Indicator 1.60

Unit Labor Costs (ULC) measure how much businesses pay in labor compensation for each unit of real output they produce. Technically it’s compensation per hour divided by productivity per hour, so it lives right at the intersection of wages and productivity. It’s reported quarterly for the US nonfarm business sector and comes out alongside Nonfarm […]

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