Composite Index Of Leading Indicators Definition

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Definition Of Composite Index Of Leading Indicators:

An index published monthly by the Conference Boardused to predict the direction of the economy's movements in the months to come.
The index is made up of10economic components, whose changes tend to precede changes in the overall economy.These 10 components include:1. the average weekly hours workedby manufacturing workers2. the average number of initial applications for unemployment insurance3. the amount of manufacturers' new ordersfor consumer goods and materials4.the speed of delivery of new merchandise to vendors from suppliers5. the amount of new orders for capital goods unrelated to defense6. the amount of newbuilding permits for residential buildings7. the S&P 500 stock index8. the inflation-adjusted monetary supply (M2)9.the spread between long and short interest rates10.consumer sentimentThe Composite Index of Leading Indicators is a number that is used by many economic participants to judge what is going to happen in the near future. By looking at the Composite Index of Leading Indicators in the light of business cycles and general economic conditions, investors and businessescan form expectations about what's ahead, and make better-informeddecisions.

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