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What Does Composite Index of Coincident Indicators Mean?

April 26, 2017coincident Composite index indicators mean

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What Does Composite Index of Coincident Indicators Mean?

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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.