Business Index (Noun)
Meaning
A statistical compilation that provides a context for economic or financial conditions; "this business index is computed relative to the base year of 2005".
Classification
Nouns denoting communicative processes and contents.
Examples
- The business index for this quarter shows a slight increase in economic activity compared to the same period last year.
- This business index is computed relative to the base year of 2010 to accurately reflect current market trends.
- Economists closely monitor the business index to anticipate fluctuations in market demand and supply.
- Using the business index, researchers were able to establish a correlation between GDP and employment rates.
- The government agency releases the business index on a monthly basis to provide valuable insights into the country's financial health.