Indicators {indicator, economy} {economic indicator}| can predict GNP and business cycles. Some indicators do not relate to business cycle: price index, imports, exports, payment balance, and government activities.
Indicators that accompany business cycles {coincident series} are job openings, employment, production, sales, income, investment backlog, wholesale-price index, bank reserves, and interest rates.
Indicators that lag business cycle {lagging series} are long-term unemployment, investments, inventories, labor costs, debt, and loan rates.
Indicators that predict GNP and business cycles {leading series} are average work week, overtime, new unemployment-benefit claims, new investment intentions, business creation, inventory investment, commodity prices, stock prices, profits, margins, cash flows, money flows, credit flows, delinquencies, business failures, hiring, and layoffs.
6-Economics-Macroeconomics-Measurement
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Date Modified: 2022.0225