What is a coincident indicator?
A coincident indicator is a statistical economic indicator that moves in lockstep with the state of the economy as a whole. As a result, it reflects the current economic situation. However, coincident indicators do not always reflect current realities due to collection and reporting lags. Concurrent indicators include growth in factory output, manufacturing, and trade sales, as well as income.
Coincident indicators are frequently used in conjunction with leading and trailing indicators to provide a complete picture of where the economy is and where it is likely to go in the future.
Coincident indicators are frequently used in conjunction with leading and trailing indicators to provide a complete picture of where the economy is and where it is likely to go in the future.
Sep 09, 2022 03:41