Index of Lagging Indicators
Index of Lagging Indicators is one of Economic Indicators. It consists of seven different components.
An economic indicator is a statistical indicator by which the economic performance of present and predictions of the future performance can be analyzed. It is also used in the study of business cycles. So economic indicators are also referred as business indicator.
These indicators are produced in United States of America by The National Bureau of Economic Research (private), The Bureau of Labor Statistics, The United States Census Bureau and United States Bureau of Economic Analysis.
These business indicators can be classified into three groups according to their timing in relation to the business cycle.
Index of Lagging Economic Indicators
These indicators usually change after the economy as a whole changes. The lag is typically a few quarters of a year.
The unemployment rate is a lagging indicator. The unemployment rate tends to decrease two or three quarters after an upturn in the general economy.
In stock market the lagging indicators are ADX Indicator, Bollinger Bands, MACD Indicator, Moving Averages, Parabolic Sar, etc;
The Index of Lagging Indicators is published monthly by The Conference Board, a non-governmental organization, which determines the value of the index from seven economic variables. These components tend to follow changes in the overall economy.
The Conference Board (founded in 1916 as a non-profit, non-partisan business membership and research group), publishes the Index of Lagging Economic Indicators.
The components of Index of Lagging Economic Indicators are:
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