What is the leading Economic index?

The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months.

What does the Conference Board do?

The Conference Board (CB) is a not-for-profit research organization that distributes vital economic information to its peer-to-peer business members. Founded in 1916, this member-driven economic think tank is a widely quoted private source of business intelligence.

Which indices are combined to get CCI?

The consumer confidence index (CCI), is an average of the current economic condition index (CECI) and consumer expectation index (CEI).

What is an example of a leading indicator?

The index of consumer confidence, purchasing managers’ index, initial jobless claims, and average hours worked are examples of leading indicators.

What is the composite leading index?

The composite leading indicator (CLI) is designed to provide early signals of turning points in business cycles showing fluctuation of the economic activity around its long term potential level. CLIs show short-term economic movements in qualitative rather than quantitative terms.

Is the Conference Board legitimate?

The organization is now considered an unbiased “trusted source for statistics and trends, second only to perhaps the U.S. Bureau of Labor Statistics”. After World War II, The Conference Board—the shortened name adopted in 1970—expanded to non-U.S. members for the first time.

What are the leading indicators of the business cycle?

Leading indicators consist of measures of economic activity in which shifts may predict the onset of a business cycle. Examples of leading indicators include average weekly work hours in manufacturing, factory orders for goods, housing permits and stock prices.