Conference Board Leading Economic Index: Difference between revisions

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'''The Conference Board Leading Economic Index''' is an [[United States|American]] economic [[leading indicator]] intended to forecast future economic activity. It is calculated by [[The Conference Board]], a [[non-governmental organization]], which determines the value of the index from the values of ten key [[Variable (mathematics)|variables]]. These variables have historically turned downward before a [[recession]] and upward before an [[expansion]]. The single index value composed from these ten variables has generally proved capable of predicting recessions over the past 50 years ''(Citation needed)''.

Recently other sources of leading indicators have been developed in attempts to provide even more timely data. One example which deals only with the consumer portion of the U. S. economy has been constructed by the [http://www.consumerindexes.com/index.html Consumer Metrics Institute] and includes daily indexes of consumer activities in several segments of that economy (see [[Consumer Leading Indicators]]).