The one constant throughout this turmoil has been the role of economic indicators. These metrics continue to serve as critical optics that tell us how the economy is performing and even where it is likely heading. But to keep those optics polished and precise demands constant fine-tuning too. Some of the metrics noted in earlier editions no longer exist. Others have undergone changes in methodology that should improve their predictive value. Finally, several promising new economic indicators have been introduced in this edition that I believe warrant the attention of readers. The criteria they all must meet is simple: Do these indicators help business managers, investors, and policymakers better understand the economic outlook?
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