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The Economic Index Leading the Conference Council is a leading indicator of the American economy intended to forecast future economic activity. This is calculated by The Conference Board, a non-governmental organization, which determines the index value of the values ââof ten key variables. These variables have historically reversed before the recession and rose before the expansion. A single index value composed of these ten variables generally proves able to predict a recession over the last 50 years, but in many cases it has been known to foresee a recession that does not occur.
- The US Department of Labor's monthly report on unemployment rates, average hourly earnings and average working hours per week from Work Situation report
- The US Department of Labor's weekly report on the first claim for state unemployment insurance
- The US Census Bureau's monthly goods and materials consumption report reports from Initial Shipping, Manufactures and Manufacturers Order Report,
- US Census's monthly non-defense capital asset report from the Introduction to Shipping, Supply and Order Manufacturers
- The US Census Bureau's monthly report on building permissions from the Housing and Building Permit report
- The (spread) difference between the 10-year Treasury note and the federal funds rate
- Inflation adjusted size of M2 money supply
- The Institute for Supply Management The monthly ISM index Manufacturing includes: supplier shipments, imports, production, inventory, new orders, new export orders, backlog orders, prices and jobs.
- S & amp; P 500
- Consumer expectation The University of Michigan Consumer Index
Video Conference Board Leading Economic Index
See also
- Economic indicators
Maps Conference Board Leading Economic Index
References
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External links
- Global Conference Board Business Cycle Indicators
- Main OECD indicator statistics
- Floyd Norris - The New York Times Piece
Source of the article : Wikipedia