coincident indicator

noun

1. an economic indicator, as gross national product, that typically fluctuates in correlation with the total economy.

Example Sentences

Tim Quinlan, a senior economist at Wells Fargo Securities in Charlotte, North Carolina, said it was counterintuitive for manufacturers to step up production while cutting payrolls and running down inventories, given that production is a coincident indicator for the economy.

From Reuters

Absent extenuating circumstances, any sharp and continuous movement in a coincident indicator will more than likely foreshadow a significant change, even if its implications aren’t immediately obvious.

From The New Yorker

To them, the Baltic Dry Index was a rare gem: a coincident indicator.

From The New Yorker

By contrast, a coincident indicator, like non-farm payroll and industrial production, is an immediate and frequent snapshot of some aspect of the economy.

From The New Yorker

But arguably no government statistic holds a candle to the Institute for Supply Management’s monthly survey of purchasing managers as a reliable coincident indicator of economic weakness.

From Wall Street Journal