Composite Index of Lagging Indicators

Popular Terms
A broad-based metric of overall economic conditions based upon seven lagging (backward looking) indicators: 1) Consumer Price Index service cost changes, 2) Change in Labor Cost per Output Unit, 3) Outstanding Commercial and Industrial Loans, 4) Average Prime Rate, 5) Manufacturing and Trade Inventory to Sales Ratio, 6) Outstanding Consumer Credit to Income Ratio, and 7) Inverted Average Length of Employment.

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