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PHLX Housing Index QUOTES & COMPANIES HGX VIEW ALL COMPANIES 5:16 PM EDT 07/30/20 1D 5D 1M 3M YTD 1Y 3 Y 1 Day Range 357.41-3How can I interpret the change in the value of the economic indicator? Why the economic indicators are important?

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This economic indicator is housing index which will be representing the value of the housing prices and demand and supply in United States economy and it will be representative of the real estate sector and it would be taken into consideration for deciding upon how the real estate economy in United States is operating.

one can interpret the change in the value of economic indicator by comparing the economic indicators past performances and they can also look for comparing the performance of the indicator with the previous day performance and one can look for changes in the prices of the index which will be giving a reflection about demand and supply and other important factors of the index.

Economic indicators are important because economic indicators are mostly macro indicators and they are not company specific indicators and they will be providing signal related to the functioning of the economy and they will be providing a signal of various trajectories of the economy and they will be helping in order to find out which way the economy is moving into and one can proactively estimate those changes into the economy and one can decide the positioning of the portfolio accordingly so these economic indicators are very important in order to decide upon investment decision.

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