Coincident Indicator

Coincident Indicator

An economic indicator that provides information on the current state of the economy. That is, a coincident indicator does not show which way the economy is heading, but where it is at present. For example, coincident indicators move up when GDP is growing and down when GDP is shrinking. A common example is personal income. It is also called a concurrent indicator. See also: Leading indicator, Lagging indicator.
References in periodicals archive ?
The WB-CI, or coincident indicator, is based on 13 variables including imports of goods without energy products, exports of goods, cement deliveries, VAT revenues, tourist arrivals, money supply, lending to the private sector, primary spending and private sector deposits.
Payroll employment is the only coincident indicator still contracting.
In this paper we briefly present our approach to constructing a coincident indicator of GDP.
Malaysia's Coincident Indicator (CI), which is more sensitive to developments impacting directly on the country's consumers, registered a gain of 0.
The graph above, which plots Lebanon's Coincident Indicator of economic activity, shows the economic impact of the Hezbollah war with Israel just a year ago during July 2006 and August 2006.
Summary: Cement deliveries, a coincident indicator of construction activity in the country, eased by 4.
6 of a percentage point; while the coincident indicator, assessing the economic climate in a given month, showed 0% growth, the lowest in one year.
Summary: The value of cleared checks in the banking system, a coincident indicator of overall consumption and investment patterns in the economy.
In the same month the coincident indicator, used to assess economic climate in a given month, showed the fourth consecutive rise to 2.
Business performance declined for seven of the eight components surveyed in the coincident indicator.
Summary: Figures released by the Central Bank of Lebanon show that the coincident indicator -- a composite monitor of economic activity developed.
Summary: The value of cleared checks in the banking system, a coincident indicator of overall spending patterns in the economy, pointed to a slight recovery in spending, albeit from a low base.