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 Commentary
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 Links
A Guide To Conference Board Indicators
Economic Indicators to Know
See also: Business Cycle, Business Cycle Indicators, Composite Index of Lagging Economic Indicators, Composite Index of Leading Indicators, Lagging Indicator, Leading Indicator, The Conference Board