The term "new economic data" refers to recently collected and analyzed information about a country's or region's economy. This can include statistics on various aspects such as GDP growth, inflation rates, employment levels, consumer spending, business investments, trade balances, and other indicators that help gauge the overall health of an economy. New economic data is important because it provides a current snapshot of how well or poorly an economy is performing, which can be used by policymakers, economists, and investors to make informed decisions about future actions.