Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for NAFTA
NAFTALORSGPORGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.95
Year-over-Year Change
76.18%
Date Range
3/1/1948 - 1/1/2024
Summary
The Composite Leading Indicators: Reference Series (GDP) measures a set of economic indicators that predict future changes in the overall economy. It is a key metric used by economists and policymakers to assess the direction and momentum of the U.S. business cycle.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This leading indicator series is designed to provide early signals of turning points in the business cycle, which helps inform economic and policy decisions. The index includes components such as manufacturing, stock prices, interest rates, and consumer expectations.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
The composite leading indicator is used by government agencies, financial institutions, and economic analysts to anticipate economic conditions and inform policy.
Key Facts
- The index includes 10 component indicators.
- It signals turning points in the business cycle up to 12 months in advance.
- The index has been published monthly since 1960.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) measures a set of economic indicators that predict future changes in the overall economy, providing an early signal of turning points in the business cycle.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is a valuable tool for economists, policymakers, and financial analysts to anticipate economic conditions and inform their decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: The composite leading indicator is used by government agencies, financial institutions, and economic analysts to assess the direction and momentum of the U.S. business cycle and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a short delay to allow for data collection and compilation.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for NAFTA (NAFTALORSGPORGYSAM), retrieved from FRED.