Composite Index of Leading Indicators

A broad-based metric of overall economic conditions based upon 10 leading (forward looking) indicators: 1) Average Initial Unemployment Applications, 2) Manufacturers' New Orders for Consumer Goods, 3) Manufacturing Weekly Labor Hours, 4) New Orders for Capital Goods Excluding Defenses, 5) Merchandise Delivery Speed to Merchants, 6) S&P Index, 7) Inflation-Adjusted M2 (money supply), 8) New Residential Building Permits, 9) Long- and Short-Term Interest Spread, and 10) Consumer Sentiment Index.