Leading economic indicators

Also found in: Acronyms.

Leading economic indicators

Economic series that tend to rise or fall in advance of the rest of the economy.

Leading Economic Indicator

An indicator that occurs before an economy has started moving in a particular direction and is therefore used to predict the economy's movement. For example, a reduction in the average number of hours worked by manufacturing employees is considered a leading indicator because it usually precedes an economic slowdown or a recession. Among the indicators used by the Composite Index of Leading Indicators are the change in the money supply and the number of new building permits issued for residences. Leading economic indicators are used to help predict the direction of the economy; investors and businesses can use them to make their decisions accordingly.
References in periodicals archive ?
This work has resulted in the development of three experimental indexes: an index of coincident economic indicators (CEI), an index of leading economic indicators (LEI), and a new series that we call a "recession index" (RI).
Says Ken Goldstein, Labor Economist at The Conference Board: "The Leading Economic Indicators have been anything but consistent -- flat to declining from July through September, and recovering in October and November.
In addition, it contains leading economic indicators, such as inflation and interest rates.
Says Conference Board Economist Ken Goldstein: "After five straight declines, the Leading Economic Indicators turned around in November.
In fact, most leading economic indicators were up over the last two months.
Finally, the Conference Board reported that slow economic growth is likely to continue in the near term, as it reported that the index of leading economic indicators rose 0.
New York, Sha'ban 11, 1434, Jun 20, 2013, SPA -- An index of leading economic indicators in the United States edged up in May for the second straight month, dpa cited a business think tank report on Thursday.
Houses are sitting on the market longer, and the Index of Leading Economic Indicators, that old harbinger of economic doom and gloom, is behaving ominously.
The Conference Board produces the Leading Economic Indicators for the United States, the United Kingdom, France, Germany, Spain, Australia, Mexico, Japan and Korea.
Earlier this month t was reported that the index of leading economic indicators soared 1.
The lone economic report of the session featured the Conference Board announcing that its index of leading economic indicators edged 0.
Three consecutive increases in the Leading Economic Indicators suggests that the economy might turn in a better performance in the first quarter of 2003 than it did in the second half of last year," says Conference Board Economist Ken Goldstein.

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