Composite Index of Lagging Indicators

An index tracking a number of economic indicators considered to be lagging. A lagging indicator is one that occurs after an economy has started moving in a particular direction. For example, a drop in the unemployment rate is considered a lagging indicator of recovery following a recession. Among the indicators used by the Composite Index of Lagging Indicators are the change in the inflation rate and the average length of time each person has held his/her current job. It is used to confirm whether a particular economic movement is sustainable.

Mentioned in

Sine Wave

References in periodicals archive

Since then, estimates of the ratio of total manufacturing and trade inventories to sales in constant (1982) dollars, which is a component of the composite index of lagging indicators, have been included monthly in the "Business Cycle Indicators" section of the Survey; these estimates were prepared by extrapolating the data from the September 1991 Survey by a preliminary 1987-dollar series.

Revised constant-dollar inventories, sales, and inventory-sales ratios for manufacturing and trade

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.