Beginning this June, Google will add Core Web Vitals to its Page Experience ranking signal. Google announced last year that changes were coming to the way its algorithm ranks pages that went beyond how quickly pages were loaded, safe-browsing, HTTPS, and their mobile-friendliness.
Core Web Vitals evaluate speed, responsiveness, and visual stability of pages and prioritize the site in rankings based on the outcomes of these scores. This means your site performance has a direct impact on SEO and your business.