Leading indicators identified with Indicio
Forecasted variable: Manufacturers' New Orders: construction machinery; farm machinery & equipment, mining, oil, and gas
| Indicator | Relevance |
|---|---|
| Manufacturers' Total Inventories: Construction Materials and Supplies | ★★★★ |
| Retail Sales: Building Materials and Supplies Dealers | ★★★ |
| Google trends: Hitachi Construction Machinery | ★★ |
| New Privately-Owned Housing Units Started: Total Units | ★★ |
| US - Gross Domestic Product | ★★ |
| Google trends: John Deere | ★★ |
| Manufacturers' Value of Shipments: Construction Materials and Supplies | ★★ |
| Trend: Manufacturers' New Orders: construction machinery; farm machinery and equipment, mining, oil, and gas | ★★ |
| Google trends: US - Volvo Construction Equipment | ★★ |
| United States - Manufacturing PMI | ★★ |
| Industrial Production: Construction Supplies | ★★ |
| Google trends: US - Bobcat Company | ★★ |
| Google trends: US - Case Construction Equipment | ★★ |
| Google trends: US - Heavy equipment | ★★ |
| Manufacturers' Unfilled Orders: Construction Materials and Supplies | ★★ |
| Google trends: Caterpillar Inc | ★★ |
| New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units | ★★ |
| Producer Price Index by Industry: Construction Machinery Manufacturing | ★★ |
| Google trends: KOBELCO Construction Machinery Co.Ltd. | ★ |
| Manufacturers' New Orders: Construction Materials and Supplies | ★ |
Indicio captures the group effect of the leading indicators; the relevance ranking of each indicator changes over time.
Top indicators identified
Manufacturers' Total Inventories: Construction Materials and Supplies
Offers insight into the supply-demand balance, production activity, lead-lag effects, market sentiment and seasonality, and into the links between the construction materials and construction machinery sectors.
Retail Sales: Building Materials and Supplies Dealers
Gives insight into market dynamics, consumer confidence, spending trends and seasonal patterns that can affect manufacturers' new orders for construction machinery.
Google trends: Hitachi Construction Machinery
Hitachi Construction Machinery is a notable industry player; significant changes in its sales or orders can signal broader market conditions and affect demand for construction machinery.
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