Composite Index of Coincident Indicators,
Definition of Composite Index of Coincident Indicators:
The Composite Index of Coincident Indicators comprises four cyclical economic data series. These reflect (respectively) the useful employment of labor, income received by households, the industrial activity, and revenues received by businesses: .
The Composite Index of Coincident Indicators is an index published by the Conference Board that provides a broad-based measurement of current economic conditions, helping economists, investors, and public policymakers to determine which phase of the business cycle the economy is currently experiencing.
A broad-based metric of overall economic conditions based upon four coincident (real-time) indicators: 1) Index of Industrial Production, 2) Manufacturing and Trade Sales, 3) Employee and Non-Agriculture Payrolls, and 4) Aggregate Personal Income (minus transfers).
How to use Composite Index of Coincident Indicators in a sentence?
- The Index is made up of components that reflect employment, household income, industrial output, and business revenue. .
- Investors, businesses, and policy makers watch the Index as a tool to gauge current economic conditions to inform business and investment decisions.
- The Composite Index of Coincident Indicators is a composite estimate of current economic performance in the U.S. published monthly by the Conference Board.
Meaning of Composite Index of Coincident Indicators & Composite Index of Coincident Indicators Definition