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barometer for economic health

barometer for economic health

4.8
An indicator that shows how well a country's economy is doing
  • noun
  • /bəˈrɑːmɪtər fɔr ɪˈkɒnəmɪk hɛlθ/
translation icon : barómetro de la salud económica
  • The stock market is a barometer for economic health.

Examples

  • Unemployment rates are often used as a barometer for economic health.

  • Analysts view consumer spending as a key barometer for economic health in the country.

  • Housing starts can act as a barometer for economic health in the construction industry.

  • Many experts consider consumer spending a barometer for economic health.

  • Analysts view consumer spending as a key barometer for economic health in the country.

  • Unemployment rates are often used as a barometer for economic health.

  • Many experts consider consumer spending a barometer for economic health.

Synonyms

indicator
vsbarometer for economic health
  • Specialized
135 3.7

A number that shows how a situation changes over time

refers specifically to a nation's overall economic and financial condition
yardstick
vsbarometer for economic health
12 3.9

A way to judge how good or successful something is

is a specific measure of a country's economic and financial situation rather than a general standard
leading indicator
vsbarometer for economic health
  • Specialized
3 6.8

A number that changes before the whole economy does to show future trends

signals future national economic changes rather than current overall condition
vital sign
vsbarometer for economic health
1 3.6

A measure that shows how well a system or business is doing

applies to national economic condition rather than to systems in general
business index
vsbarometer for economic health
  • Specialized
3.5

A number showing how active businesses are in an economy over time

focuses on national economic wellbeing rather than only business activity

How Reliable

barometer for economic health
4.8
index
  • Specialized
298 4.4
indicator
  • Specialized
135 3.7
anecdote
102 4.1

Surface Forms

Morphology

barometer + for + economic + health

The sense 'an indicator or measure of economic conditions' follows directly from combining 'barometer' (a measuring instrument) with 'for economic health' — the phrase transparently maps onto 'a measure of the economy.' This instrumental-to-indicator metaphor and the collocation 'economic health' are common and predictable, so a B1 learner who knows the constituent words can readily infer the meaning.

Etymology

Barometer for economic health comes from a simple weather tool, the barometer, which measures air pressure and helps predict the weather. So calling something a barometer for economic health is a way of saying it 'shows' if the economy is getting 'better' or 'worse'.