How can economic indicators help businesses?

[Good-Person]

Economic indicators refer to many different aspects related to economy. This also includes indicators that may help understand the economical condition of a country at higher levels. This can also help many different kinds of businesses, including small businesses. So, how can they help in the exact manner?

 

[Frank]

As a business owner, there are a lot of economic indicators that I follow up closely most of the times. For example, I am always observant of what the inflation rate and exchange rates are simply because we are living in an import dependent economy. I want to plan my business checking out most of these indicators too.