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Skills & competences

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K - knowledge
L - language skills and knowledge
S - skills
S1 - communication, collaboration and creativity
S2 - information skills
S2.0 - information skills
S2.1 - conducting studies, investigations and examinations
S2.2 - documenting and recording information
S2.3 - managing information
S2.4 - processing information
S2.5 - measuring physical properties
S2.6 - calculating and estimating
S2.7 - analysing and evaluating information and data
S2.7.0 - analysing and evaluating information and data
S2.7.1 - assessing land or real estate
S2.7.2 - analysing scientific and medical data
S2.7.3 - analysing financial and economic data
- analyse consumer buying trends
- analyse data for policy decisions in trade
- analyse economic trends
- analyse energy market trends
- analyse external factors of companies
- analyse financial performance of a company
- analyse loans
- analyse logistic changes
- analyse shipping rates
- analyse the credit history of potential customers
- analyse the training market
- analyse transportation costs
- analyse unemployment rates
- apply credit stress testing methodologies
- assess debtor's financial situation
- assess financial viability
- audit contractors
- compare insurance products
- comprehend financial business terminology
- consult credit score
- describe the financial situation of a region
- develop predictive models
- ensure compliance with disclosure criteria of accounting information
- evaluate benefit plans
- forecast account metrics
- forecast energy prices
- identify accounting errors
- identify if a company is a going concern
- interpret financial statements
- perform contract compliance audits
- perform financial analysis on price strategies
- prepare financial projections
- reduce business mobility costs
- synthesise financial information
- track price trends
S2.7.4 - analysing business operations
S2.7.5 - performing risk analysis and management
S2.7.6 - evaluating systems, programmes, equipment and products
S2.8 - monitoring, inspecting and testing
S2.9 - monitoring developments in area of expertise
S3 - assisting and caring
S4 - management skills
S5 - working with computers
S6 - handling and moving
S7 - constructing
S8 - working with machinery and specialised equipment
T - transversal skills and competences

forecast economic trends

skills

information skills

analysing and evaluating information and data

analysing financial and economic data

forecast economic trends

Description

Description

Gather and analyse economic data in order to predict economic trends and events.

Alternative Labels

analyse economic trends

economic trend forecasting

economic trend forecasts

forecasting of economic trends

predict economic trends

project economic trends

Skill type

skill

Skill reusability level

cross-sector skills and competences

Relationships

Broader concepts

Narrower skills

Essential for

Optional for

Optional Knowledge

Concept URI

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DG Employment, Social Affairs and Inclusion of the European Commission developed ESCO in collaboration with stakeholders and with the European Centre for the Development of Vocational Training (Cedefop).

CONTACT ESCO
Current version: ESCO v1.2 (Last update 15/05/2024)