Leading indicators index (LEI)
monthly average index the following leading indicators:
production
orders;
applications for unemployment benefits;
indicators of money supply M;
the average working week;
a building permit;
the prices of the main stocks;
orders for durable goods;
the consumer confidence index.
The index of leading indicators characterizes the development of the economy in the next six months. As a rule, the output values of the index in the negative area for three consecutive months is an indicator of a slowing economy of the country.
Compound indexes:
Are the weighted average of several individual anticipatory indicators