Composite Index of Coincident Indicators
An index published by the Conference Board that is a broad-based measurement of current economic conditions, helping economists and investors to determine which phase of the business cycle the economy is currently experiencing.. The Composite Index of Coincident Indicators comprises four cyclical economic data sets:
1. the number of employees on non-agricultural payrolls (released by the Bureau of Labor Statistics)
2. the Index of Industrial Production
3. the level of manufacturing and trade sales
4. the aggregate amount of personal income excluding transfer payments Investopedia Says:
The Composite Index of Coincident Indicators is widely used by all kinds of investors to judge the economy's current position in the business cycle. The index is often used also as a confirmation tool in conjunction with the Composite Index of Leading Indicators. Related Terms:
Business Cycle
Business Cycle Indicators
Composite Index of Lagging Economic Indicators
Composite Index of Leading Indicators
Lagging Indicator
Leading Indicator
The Conference Board |