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 ?
Summary: Figures released by the Central Bank of Lebanon show that cement deliveries, a coincident indicator of construction activity, declined by a yearly 8.7% in 2018.
Indeed, we expect that the global composite PMI, which is a coincident indicator, will continue to slide and mean that the latest rebound in the oil price will look on shaky ground," reads the analysis.
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.
We compare the three estimates of the coincident indicator to the Eurostat flash estimate.
Malaysia's Coincident Indicator (CI), which is more sensitive to developments impacting directly on the country's consumers, registered a gain of 0.3 percent in September 2007, moving to 123.3 points in September 2007 from 122.9 points in August 2007.
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 4.55 percent month-on-month to 488,690 tons in July compared with 511,973 tons in June.
In the same month, the leading economic indicator, used to forecast the economic outlook for the next three months, edged up 0.6 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 coincident indicator of the Central Bank of Lebanon, a mirror image of real sector activity in the country, has reported a decline to 303.1 in the month of May, against 317.8 in December 2017.
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 2.8%, despite the percentage being minus 23.2% in January of the year.