Economic indicators give one pretty crucial insight into how the economy is performing or perhaps what lies in its future. No one indicator paints the full picture, but all taken together, it should make quite a bit of sense. You might be an investor or businessman or just the guy that catches interest in this kind-of type-but understanding these key economic indicators will get you better in their way and make more intelligent financial decisions.
This is through my perception: tracking real GDP, unemployment rates, inflation, interest rates, and consumer confidence really goes a long way in ensuring that one has a better view of the economic landscape, thereby preparing oneself better for what the future may hold.