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Composite Index of Lagging Indicators |
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Composite Index of Lagging Indicators An index published monthly by the Conference Board that is used to confirm the direction of the economy's movements in past months. The index is made up of the following seven economic components, whose changes tend to come after changes in the overall economy: 1. the value of outstanding commercial and industrial loans 2. the change in the consumer price index for services from the previous month 3. the change in labor cost per unit of labor output 4. the ratio of manufacturing and trade inventories to sales made 5. the ratio of consumer credit outstanding to personal income 6. the average prime rate charged by banks 7. the inverted average length of employment Notes: As it measures the economic activities of previous months, the Composite Index of Lagging Indicators is used as an after-the-fact way to help confirm economists' assessment of current economic conditions. For this purpose the Composite Index of Lagging Indicators is best used together with the Composite Index of Coincident Indicators and Composite Index of Leading Indicators. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The composite index of lagging indicators was not computed for December because three components were missing (ratio of manufacturing and trade inventories to sales, change in unit labor costs, and ratio of consumer installment credit to income) The index decreased 0. For similar reasons, the composite index of lagging indicators was not computed for November. The composite index of lagging indicators increased 0. |
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