— Economic Data —
The Basics of Econ Data.
Economic data measures the financial health of a country, region, or individual market. Such data is typically presented as a time series for easy comparison with the past. It is used for economic analysis and to enhance other data sets.
Government agencies and intergovernmental organizations are the sources of the most popular economic data. More industry- or market-specific data come from independent market research and their published reports.
This data is used by government agencies, non-governmental organizations, and economists to discover problems in the economy and help define economic policy. Companies also use such data in their research for forecasting and strategies.
How Our Clients Use Our Data.
Government agencies utilize our data to develop economic policies and calendars. Economic forecasting also helps governments assess financial risks and develop mechanisms for mitigation.
Our corporate clients report using our data primarily to fuel their economic analysis and forecasting. They use our data to assess the current economic climate, identify its strengths and weaknesses, and uncover opportunities. For example, such data can help them gain insights into the commodities and stock markets.
Corporate clients also use our data to better understand the economic health of different regions as they look to expand across the globe for customers and suppliers. When planning their expansion strategy, companies take into account the data of the countries and regions. Visibility into risks and opportunities can help them plan business inventories and distribute their sources efficiently.