Lagging indicators


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Related to Lagging indicators: Leading Indicators, Coincident indicators

Lagging indicators

Economic indicators that follow rather than precede the country's overall pace of economic activity. See also: Leading indicators and coincident indicators.

Lagging Indicator

Statistics of economic performance that follow other indicators. Lagging indicators are used to confirm a previous economic trend. For example, an increase in job creation and a fall in the unemployment rate are considered lagging indicators of economic recovery. That is, they occur after other indicators of recovery, such as GDP growth. As such, job creation and lower unemployment show that the GDP growth has been, and will likely continue to be, sustained. See also: Leading indicator, Coincident indicator.
References in periodicals archive ?
In terms of the lagging indicators, Munn note that ANGE saw just seven accidents that qualified as LTIs in 2016, across 50 million manhours of operations.
Not surprisingly, many employers have implemented safety incentive programs that focus exclusively on lagging indicators because it is easier to identify them and administer those programs.
Among the nine component leading indicators, seven were in negative territory, while six of the seven component lagging indicators were negative, the Cabinet Office said.
5 percent in June and the lagging indicators index fell 0.
This study of cyclical indicators found: (1) the composite indexes contain more reliable turning point information than most of the individual indicators; (2) the Commerce Department's composite index would benefit by some component substitutions; (3) the ratio of the coincident to lagging indicators is more reliable in calling business cycle turning points than the composite of leading indicators, but that ratio has a poor track record in calling growth cycles; and (4) most of the individual components of the composite index of leading indicators signal growth cycle turning points better than business cycles turning points.
The diffusion indexes of leading, coincident, and lagging indicators are published in the Survey of Current Business.
Composite Indexes of Leading, Coincident, and Lagging Indicators
The safety standards would recommend methods to develop and use leading and lagging indicators for individual facilities as well as nationwide.
The index of lagging indicators, measuring economic performance in the recent past, decreased to 86.
The scorecard uses leading and lagging indicators as one overall enterprise blend.
Among the 11 component leading indicators, seven were in negative territory, while five of the eight component lagging indicators were negative, the Cabinet Office said.