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Economic backdrop

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Jobs Health

When people can find work, households usually have income to spend. If unemployment and claims rise, Jobs Health weakens and consumer demand may soften.

Price Stability

Inflation is the rise in everyday prices. If it stays high, Price Stability weakens and interest rates may remain high, pressuring mortgages, businesses and stock valuations.

Consumer Health

Consumers drive a large part of the economy. If people are spending and feeling confident, growth has support; if both weaken, companies may find it harder to grow sales.

Growth Health

This checks whether business activity is expanding or slowing. Readings below normal levels weaken Growth Health and can mean companies are becoming more cautious.

Policy Support

Interest rates affect loans, mortgages and company financing. Tight policy reduces Policy Support; cooling inflation can give central banks more room to ease pressure.