Leading indicators identified with Indicio
Forecasted variable: Chlorine production in tonnes
| Indicator | Relevance |
|---|---|
| EU, Harmonised Index of Consumer Prices - Monthly Data (Index), CP055, Tools and Equipment For House and Garden | ★★★ |
| Trend: Chlorine production in tonnes | ★★★ |
| Brent spot price Europe | ★★ |
| Eurostat, EU, Unemployed, Rate, Total (EU27 ex GB), SA | ★★ |
| Industrial Production: Manufacturing: Non-Durable Goods: Chemical (NAICS = 325), SA | ★ |
| PPI: ALKALIES and CHLORINE, US | ★ |
| Producer Price Index, United States, Chlorine, US | ★ |
| MSCI All Country World Index Semiconductors and Semiconductor Equipment United States Dollar | ★ |
| Google trends: US - Volvo Construction Equipment | ★ |
| United States - Manufacturing PMI | ★★ |
Indicio captures the group effect of the leading indicators; the relevance ranking of each indicator changes over time.
Indicio captures the group effect of the leading indicators. The relevance ranking of each indicator changes over time.
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EU, Harmonised Index of Consumer Prices - Monthly Data (Index), CP055, Tools and Equipment For House and Garden
The indicator may not seem directly related to chlorine production at first, but its broader context and indirect links may show why it matters.
Trend: Chlorine production in tonnes
This variable directly measures how much chlorine is produced over a given period. It is one of the most straightforward and critical indicators for forecasting production, since it tends to reflect demand for chlorine and its derivatives.
Brent spot price Europe
This variable is the spot-market price of Brent crude oil, usually quoted per barrel. Brent is a major classification of sweet light crude oil and a benchmark for worldwide oil purchases.
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The manufacturer struggled to allocate resources efficiently because market shifts were unclear. With Indicio, it identified the key leading drivers of its chemical production and improved forecast accuracy.