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Yesterday โ€” 30 June 2024World News

What can lipstick and underwear sales tell us about the economy?

30 June 2024 at 07:00

Some look beyond typical metrics like GDP and job data, but these alternatives shouldnโ€™t be taken seriously

Is the country heading towards a recession? Ask 10 economists and youโ€™ll likely get 10 different answers. Which is why some people have given up on the traditional data โ€“ GDP, jobs, etc โ€“ and have instead recently been tinkering with more unusual economic indicators to help them guide their companies. Here are a few that Iโ€™ve seen.

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ยฉ Photograph: Jonathan Knowles/Getty Images

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ยฉ Photograph: Jonathan Knowles/Getty Images

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