Conference Board Leading Economic Index

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Definition of 'Conference Board Leading Economic Index'

During the third week of each month The Conference Board publishes a composite index of the following ten economic leading indicators.

Average weekly hours, manufacturing
Average weekly initial claims for unemployment insurance
Manufacturers' new orders, consumer goods and materials
Index of supplier deliveries – vendor performance
Manufacturers' new orders, nondefense capital goods
Building permits, new private housing units
Stock prices, 500 common stocks
Money supply, M2
Interest rate spread, 10-year Treasury bonds less federal funds
Index of consumer expectations

This composite indicator was created in an attempt forecast future economic activity. The components of this index have historically turned down before recessions and up before an expansion.

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