Forecast Terms

Some commonly used key terms.

10 yr Bond

The interest rate return on a 10 year government bond.

Consumer Confidence

A measure of the optimism that consumers feel about the current state of the economy as well as their own personal finances.

Consumer Credit

A measure that attempts to capture the total amount of credit available to consumers in a country.

Consumer Price Index

A measure of the average price of a set basket of goods within a country that moves over time.

Current Account

A measure that consists of the balance of trade, net primary income and net transfers, that have taken place over a given period of time.

Food Price Inflation

A measure of the extent to which the prices of food within a country have increased or decreased over time.

Forecast Confidence

Forecast Confidence captures the extent to which our forecast explains the in-sample variance of our historical data. It gives us a gauge on how reliable we expect our numbers to be as we make predictions.

Gross Domestic Product (GDP)

A measure that captures the level of output of an economy.

GDP Growth Rate

A measure of the growth rate of GDP over time.

GDP Index

An index variable that considers several variables related to GDP and creates a composite score that measures how they move over time.

Money Supply

A measure of the total amount of currency available within an economy at a given time.

For more information about the underlying processes that drive our forecasts, please see this report.

Pipeline Report