1591. Composite Indexes of Leading, Coincident, and Lagging Indicators: July 2000
- Publication Date:
- 07-2000
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index decreased by 0.1 percent, the coincident index held steady, and the lagging index decreased by 0.1 percent in July. Taken together, the three composite indexes and their components point to a slowing in the pace of economic activity for the second half of the year. The decline in the leading index over the past 6 months signifies a moderation in the momentum of the economy. After several months of strong gains, the unchanged level of the coincident index for the month of July is consistent with the deceleration in the performance of the leading index. No change in the coincident index, coupled with a decline in the lagging index, resulted in a rise in the coincident-to-lagging ratio. The decline in the leading index would be a stronger signal of an economic slowdown had it been matched by a decline in the ratio.
- Topic:
- Economics
- Political Geography:
- United States