In a note from early March, Goldman’s Jim O’Neill identified his favourite economic indicators around the world.
There are some indicators which are simply more powerful in their reliability than others, as well as having predictability in shores beyond their own. In my view, the Korean trade data, US job claims, the US ISM report and its new orders and inventory component, the Euro area business and consumer confidence surveys, especially the German IFO, are the key numbers I look for each month.
Anyway, he’s probably not going to like this.
From DJ FX Trader, a major miss on Korean exports.