Business Cycle Indicators


COMPOSITE INDEXES

THE LEADING INDEX

Composite index of leading indicators, 1987=100 (L,L,L) [TXT], [Economagic chart, Updated chart].
Percent change from previous month [TXT], [Economagic chart].
Percent change over 3-month span, AR [TXT], [Economagic chart].

Leading index component series:

Average weekly hours, mfg. [TXT], [Economagic chart, Updated chart,].
Average weekly initial claims for unemployment insurance (inverted) [TXT], [Economagic chart].
New orders in 1987$, consumer goods and materials [TXT], [Economagic chart].
Vendor performance, slower deliveries diffusion index [TXT], [Economagic chart].
Contracts and orders for plant and equipment in 1987$ [TXT], [Economagic chart].
Building permits, new private housing units [TXT], [Economagic chart].
Change in unfilled orders in 1987$, durable goods, smoothed [TXT], [Economagic chart].
Change in sensitive materials prices, smoothed (4) [TXT], [Economagic chart].
Stock prices, 500 common stocks, NSA (1) [TXT], [Economagic chart, Updated chart].
Money supply M2 in 1987$ [TXT], [Economagic chart, Updated chart].
Index of consumer expectations, NSA (2) [TXT], [Economagic chart].

Diffusion index of 11 leading indicator components:

Percent rising over 1-month span [TXT], [Economagic chart].
Percent rising over 6-month span [TXT], [Economagic chart].

THE COINCIDENT INDEX

Composite index of coincident indicators, 1987=100 (C,C,C) [TXT], [Economagic chart, Updated chart].
Percent change from previous month [TXT], [Economagic chart].
Percent change over 3-month span, AR [TXT], [Economagic chart].

Coincident index component series:

Employees on nonagricultural payrolls [TXT], [Economagic chart].
Personal income less transfer payments in 1987$ [TXT], [Economagic chart].
Industrial production [TXT], [Economagic chart].
Manufacturing and trade sales in 1987$ [TXT], [Economagic chart].

Diffusion index of 4 coincident indicator components:

Percent rising over 1-month span [TXT], [Economagic chart].
Percent rising over 6-month span [TXT], [Economagic chart].

THE LAGGING INDEX

Composite index of lagging indicators, 1987=100 (Lg,Lg,Lg) [TXT], [Economagic chart, Updated chart].
Percent change from previous month [TXT], [Economagic chart].
Percent change over 3-month span, AR [TXT], [Economagic chart].

Lagging index component series:

Average duration of unemployment (inverted) [TXT], [Economagic chart].
Ratio, mfg. and trade inventories to sales in 1987$ [TXT], [Economagic chart].
Change in labor cost per unit of output, mfg., smoothed [TXT], [Economagic chart].
Average prime rate, NSA [TXT], [Economagic chart, Updated chart].
Commercial and industrial loans in 1987$ [TXT], [Economagic chart].
Ratio, consumer installment credit to personal income [TXT], [Economagic chart].
Change in Consumer Price Index for services, smoothed [TXT], [Economagic chart].

Diffusion index of 7 lagging indicator components:

Percent rising over 1-month span [TXT], [Economagic chart].
Percent rising over 6-month span [TXT], [Economagic chart].

Ratio, coincident index to lagging index, 1987=100 (L,L,L) [TXT], [Economagic chart].

CONTRIBUTIONS OF COMPONENTS TO COMPOSITE INDEXES

Contributions of leading index components:

Average weekly hours, mfg. [TXT], [Economagic chart].
Average weekly initial claims for unemployment insurance (inverted) [TXT], [Economagic chart].
New orders in 1987$, consumer goods and materials [TXT], [Economagic chart].
Vendor performance, slower deliveries diffusion index [TXT], [Economagic chart].
Contracts and orders for plant and equipment in 1987$ [TXT], [Economagic chart].
Building permits, new private housing units [TXT], [Economagic chart].
Change in unfilled orders in 1987$, durable goods, smoothed [TXT], [Economagic chart].
Change in sensitive materials prices, smoothed (4) [TXT], [Economagic chart].
Stock prices, 500 common stocks, NSA (1) [TXT], [Economagic chart].
Money supply M2 in 1987$ [TXT], [Economagic chart].
Index of consumer expectations, NSA (2) [TXT], [Economagic chart].

Contributions of coincident index components:

Employees on nonagricultural payrolls [TXT], [Economagic chart].
Personal income less transfer payments in 1987$ [TXT], [Economagic chart].
Industrial production [TXT], [Economagic chart].
Manufacturing and trade sales in 1987$ [TXT], [Economagic chart].

Contributions of lagging index components:

Average duration of unemployment (inverted) [TXT], [Economagic chart].
Ratio, mfg. and trade inventories to sales in 1987$ [TXT], [Economagic chart].
Change in labor cost per unit of output, mfg., smoothed [TXT], [Economagic chart].
Average prime rate, NSA [TXT], [Economagic chart].
Commercial and industrial loans in 1987$ [TXT], [Economagic chart].
Ratio, consumer installment credit to personal income [TXT], [Economagic chart].
Change in Consumer Price Index for services, smoothed [TXT], [Economagic chart].

(1) Copyright Standard & Poor's Corporation
(2) Copyright Surve Research Center, University of Michigan
(3) Copyright McGraw-Hill, Inc.; F.W. Dodge Division, (609) 936-0527
(4) Copyright Commodity Research Bureau