What Is a Composite Leading Indicator?

The comprehensive leading indicator is an economic term and an indicator for predicting economic activity.

Comprehensive leading indicators

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The comprehensive leading indicator is an economic term and an indicator for predicting economic activity.

This is an indicator used to predict economic activity. Taking the United States as an example, the United States Department of Commerce is responsible for collecting data, including stock prices, new orders for consumer goods, average weekly unemployment benefits, construction, consumer expectations, and manufacturers' failure Changes in the order of goods, money supply, sales, production and sales of raw materials, plant equipment, and average working week and other indicators. Economists can use this series of indicators to determine the future economic direction of the country. If the leading indicator rises, it indicates that the country's economic growth is conducive to the country's currency appreciation. If this indicator declines, it indicates that the country's economy has signs of recession and is unfavorable to the country's currency exchange rate.