DEFINITION of 'Composite Index of Coincident Indicators'
An index published by the Conference Board that is a broad-based measurement of current economic conditions, helping economists and investors to determine which phase of the business cycle the economy is currently experiencing.. The Composite Index of Coincident Indicators comprises four cyclical economic data sets:
1. the number of employees on non-agricultural payrolls (released by the Bureau of Labor Statistics)
2. the Index of Industrial Production
3. the level of manufacturing and trade sales
4. the aggregate amount of personal income excluding transfer payments
INVESTOPEDIA EXPLAINS 'Composite Index of Coincident Indicators'
The Composite Index of Coincident Indicators is widely used by all kinds of investors to judge the economy's current position in the business cycle. The index is often used also as a confirmation tool in conjunction with the Composite Index of Leading Indicators.
The fluctuations in economic activity that an economy experiences ...
1. A measurable economic factor that changes after the economy ...
A measurable economic factor that changes before the economy ...
A not-for-profit research organization for businesses that distributes ...
Composite of leading, lagging and coincident indexes created ...
An index published monthly by the Conference Board used to predict ...