[Answer] What is the main reason that investment banks create estimates of economic indicators?

Answer: They do not consistently presage turning points.

Most relevant text from all around the web:

What is the main reason that investment banks create estimates of economic indicators? Consider the formula GDP=C+I+G+ (X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year the dollar growth in imports is greater than the dollar growth in domestic consumption. Here is the most important economic data for Australia and Sweden. GDP statistics are typically released by the government a month or more after the period in question by which point dozens of other indicators have been released. Because GDP statistics are released well after other economic indicators. Nonfarm payrolls CPI and PMI are published monthly. Consider the formula GDP = C+I+G+ (X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year the dollar growth in imports is greater than the dollar growth in domestic consumption. The banking sector is a hinge for nearly all economic activity. For that reason there's hardly an economic indicator that doesn't relate to the banking industry . The most important indicators include interest rates inflation housing sales and overall economic productivity and growth. Consumer spending accounts for two-thirds of the U .S. economy when the number of unemployed consumers rises ther...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment