Within our previous analysis in the economy and the particular aggregate equity market for north america or any some other country, we contended that it must be necessary to industry analysis the macro economy for two main related reasons. First although the particular security markets have a tendency to move in front of the aggregate economy, it is recognized which the markets are driven by what happens throughout the economy that is, security markets echo the strength or weakness in the economy. Second, almost all of the variables that push the valuations models for the security markets tend to be macro variables like interest rates, GDP, and corporate revenue. The point is, the industry examination process is similar it contains first a microanalysis in the industry so that you can derive very clear idea of how this industry analysis to the business period and what economic variables “drive” this industry analysis with regards to success or inability.