page_title: Economic indicator
section_title: Classification by timing
hierarchical_section_title: Economic indicator / Classification by timing
caption_attribution_description: English: US. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/GDP/, July 22, 2015. Board of Governors of the Federal Reserve System (US), Nonfinancial Corporate Business; Credit Market Instruments; Liability, Level [TCMILBSNNCB], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/TCMILBSNNCB/, July 22, 2015. Board of Governors of the Federal Reserve System (US), Nonfinancial Corporate Business; Corporate Equities; Liability, Level [MVEONWMVBSNNCB], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/MVEONWMVBSNNCB/, July 22, 2015.
context_page_description: An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate, housing starts, consumer price index, consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadband internet penetration, retail sales, stock market prices, and money supply changes.
  The leading business cycle dating committee in the United States of America is the private National Bureau of Economic Research. The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics. Other producers of economic indicators includes the United States Census Bureau and United States Bureau of Economic Analysis.
context_section_description: Economic indicators can be classified into three categories according to their usual timing in relation to the business cycle: leading indicators, lagging indicators, and coincident indicators.
caption: Equities as leading, GDP as coincident, and business credit as lagging indicator.
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