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English definition of “index of leading economic indicators”

index of leading economic indicators

noun [C]     (also composite index of leading economic indicators)
ECONOMICS in the US, a combined set of measurements that are used to judge the probable future state of the economy. Data from ten different areas of the economy is examined: The Index of Leading Economic Indicators points to moderately improving economic conditions.
(Definition of index of leading economic indicators noun from the Cambridge Business English Dictionary © Cambridge University Press)
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