Industry Intelligence updates its Economy Monitor to provide seamless view of national economic health on both macro and micro levels
September 22, 2010
– The recent announcement by the National Board for Economic Research that the Great Recession ended in June of 2009 might not mean that much to business leaders who continue to grapple with challenging economic conditions, but it does indicate that understanding the economy is more important than ever. For example, if we now enter another downturn, it won’t be the dreaded “double dip” — it will be a new recession.
You don’t have to be departing White House economic adviser Larry Summers to understand that the economy matters. In response to this need, Industry Intelligence today announced an update to its Economy Monitor. This is the first of four monitors Industry Intelligence will introduce or update this year to address the unique information requirements of the industries it serves.
The Economy Monitor integrates seamlessly with Industry Intelligence’s informPlatform business service. It’s not a standalone or separate function. When following daily real-time news, the Economy Monitor is always availble to drill deeper into vital data. The monitor puts the pulse of business and national economic health at your fingertips.
The Economy Monitor consists of numerous powerful and flexible features:
• It pulls together some 400-plus industry-related economic indices and data points, that connect facts, figures and opinion into a single view. At a glance, users can track the specific indicators that assess the overall health of the economy.
• The default view of the monitor opens with the Conference Board’s Leading Economic Index. Each of the 17 indicators that comprise the index is displayed. Data for all indicators include current and prior period value, percentage change from prior period and from prior year. Source information, including the base year of the index and date of update is always provided. In one glance, you get both macro- and micro-level details.
• Switching between business categories, such as construction, employment, energy, housing, retail, prices, is as simple as a single mouse click.
•The monitor automates data searching, removing the frustration of endlessly seeking the latest releases.
• An integrated graphing function allows graphing of economic data across and between the various categories to compare specific data to match business requirements. It can be exported to Excel, downloaded as a PDF or shared with colleagues.
The recession may be over, but the economy is more complex than ever. The Economy Monitor gives the user the opportunity to drill down and view data at a micro level. As an example, each of the 17 indices that make up the Leading Economic Index can be viewed individually. One can see which indices have recovered and which have not. The current data show that even though manufacturing of both durable and non durable goods is up around 15% from this time last year, consumer sentiment has declined by almost 10% over the same period. This in-depth view gives you a clearer perspective of this just-announced economic recovery.
The Economy Monitor is available for immediate use. For more information, please contact Industry Intelligence at email@example.com. Or call 310-553-0008.
About Industry Intelligence Inc.
Industry Intelligence Inc., along with its sister company Forestweb, specializes in providing market intelligence solutions that offer a comprehensive view of business and market-moving events, all within an intuitive, easy-to use platform that promotes collaboration and action. Together, both companies gather, filter, and connect the relevant market intelligence a company needs to drive its decisions and operations.
Founded in 1999, privately held, and headquartered in Los Angeles, Industry Intelligence Inc. and Forestweb Inc. have worked with more than 600 companies of all sizes and across such diverse market sectors as forest products, pulp and paper, wood products, lumber and panels, timberlands, paper and plastic packaging, builders and developers alternative energy.. For more information, visit http://www.industryintel.com.