Meaning of “index of coincident indicators” in the English Dictionary

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"index of coincident indicators" in Business English

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index of coincident indicatorsnoun [ C ]

uk us also composite index of coincident indicators

ECONOMICS in the US, a combined set of measurements that are used to judge the present state of the economy. Data from four different areas of the economy are examined: paid employment, personal income, industrial production, and sales:

The Conference Board's Index of Coincident Indicators fell 0.4% in February.

(Definition of “index of coincident indicators” from the Cambridge Business English Dictionary © Cambridge University Press)