Leading indicators identified with Indicio
Forecasted variable: United States, HGL Consumption, Ethane / Ethylene
| Indicator | Relevance |
|---|---|
| EU, Manufacturers' New Orders: Motor Vehicles and Parts | ★★★★ |
| United States, Dow Jones, Averages, Industrial Index, Price Return, End of Period | ★★★ |
| Business leaders survey - Business Climate - USA | ★ |
| Personal Consumption Expenditures, SAAR | ★ |
| Gross Domestic Product USA | ★ |
| United States, Manufacturers Shipments, Nondurable, Paints, Coatings and Adhesives, Current Prices, SA, USD | ★ |
| Producer Price Index, United States, Chlorine, US | ★ |
| United States, E-Commerce, Current Prices, SA, USD | ★ |
| New car registrations USA | ★ |
| University of Michigan: Consumer Sentiment | ★ |
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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Manufacturers' New Orders: Motor Vehicles and Parts
Modern vehicles use large amounts of plastic, which lowers vehicle weight, improves fuel efficiency, and adds design flexibility. Ethylene is a main building block for these plastics, so a rise in motor vehicle orders may signal higher demand for ethane and ethylene.
United States, Dow Jones, Averages, Industrial Index, Price Return, End of Period
The DJIA is widely viewed as a gauge of the U.S. economy and industrial activity. A rising index suggests investor optimism and expected economic strength, which can boost manufacturing and, in turn, demand for petrochemicals like ethane and ethylene.
Business leaders survey - Business Climate - USA
This variable is the spot-market price of Brent crude oil. Brent is a major benchmark for worldwide oil purchases. [Source page text does not match this indicator's name.]
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