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Finance Dictionary and Glossary of Investment Terms
Leading economic indicators
Definition 1.
Economic series that tend to rise or fall in advance of the rest of the economy.
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Definition 2.
A compendium of previously announced economic indicators: new orders, jobless claims, money supply, average workweek, building permits, and stock prices. Therefore, the report is extremely predictable and of very little interest to the market. Though this series does have some predictive qualities, it is a common criticism that it has predicted ""nine of the last six"" recessions.The Commerce Department recently privatized the leading indicator series. The collection and publishing of these data is now done by the non-profit Conference Board, which also produces the consumer confidence index.Importance (A-C): This release merits a D-. Source: The Conference Board. Release Time: 8:30 ET around the first few business days of the month for two months prior. Raw Data Available At: http://www.tcb-indicators.org/.
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