Also due to the bad forecast companies that are growing are not hiring back the employees they let go.
I work in the meat packing industry. Two indicators that would be useful for the company to follow are the average income of the population and the unemployment rate of the population. Both indicators are in terms of regional metrics, not national. If the income of the population grows so does the capacity of the customer to consume more meat. When the population is employed they spend more money on groceries which includes meats.
Three indictors that I would recommend to any company operating in the United States are population growth, income per capita, and inflation. Population growth is an important metric because the production of companies depends on the amount of customer available in the marketplace. Higher population growth projections imply that companies have to adjust their production accordingly. Income per capita is a valuable metric due to the fact that income and consumption are correlated. People spend more when they have higher income. Inflation is an important metric to consider because inflates affects the purchasing power of an enterprise. High inflation leads to lower purchasing power.
The use of external information available in websites dedicated to providing economic information to its users can be very useful for companies in order to improve the efficiency of the enterprise. The website DismalScientist provides excellent information that can help managers make better decisions. There is chart in the website showing the distribution of federal aid money across the 50 states. States with higher distribution are places marketers should target. The website also had up to date information concerning economic indexes such as GDP, industrial producer prices, and monetary policy. The economic indexes are available for different countries