The economy is a complex and ever-changing entity. It can be difficult to keep track of all the different indicators that measure our economic health. One way to evaluate the economic conditions in your area is to look at four high frequency indicators: airlines, movie tickets, hotel occupancy, and gasoline supplied. Let’s take a closer look at these indicators.
Airlines: The Transportation Security Administration (TSA) measures the number of passengers going through security checkpoints in airports across the United States. This provides a good indication of how many people are traveling by air, which can tell us a lot about the economy in any given area.
Box Office: Mojo tracks ticket sales for movies in theaters across the country. By looking at this data, we can get an idea of how much money people are spending on entertainment—and if they’re spending enough to suggest that they have extra disposable income available.
STR is a company that specializes in tracking hotel occupancy levels throughout major cities around the world. By monitoring this data, we can get an idea of how many people are traveling for business or pleasure—and whether or not those numbers are increasing or decreasing over time.
Energy Information Administration (EIA) tracks gasoline supplied by major oil companies throughout America each month. This data gives us insight into how much fuel is being consumed by consumers and businesses alike over time—which can be used to gauge overall activity levels within any given area. If fuel usage is up, it suggests that people are driving more and spending more money on gas—which would suggest increased economic activity within that region.
Tracking these four high frequency indicators can give you insight into how the economy is performing compared to other areas around you, allowing you to make better decisions about where you should buy property or invest your money for long-term growth potentials down the road! While there are many other factors involved when evaluating any given economy, these four indicators can provide valuable clues as to what’s happening within your local market right now!
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