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Chapter 5: Composite Economic Indicators - UNECE

1 Chapter 5: Composite Economic Indicators Contents Introduction .. 1 Arguments for and against Composite Economic Indicators .. 2 Composite Economic Indicators , some definitions .. 3 Cyclical Composite Economic Indicators .. 5 Non-Cyclical Indicators .. 8 Structural Indicators .. 9 Steps for construction of Composite Economic Indicators .. 10 Recommendations .. 18 References .. 19 Introduction Composite Economic Indicators (CEI) has been in use for many years. One of the first and most known Composite Indicators is the Conference Board Leading Indicators1.

Section 5.2 presents gives an overview of different definitions for Composite Economic indicators. Section 5.3 describes cyclical indicators with or without reference series. Chapter 5.4 discusses structural indicators and Chapter 5.5 gives an overview of the recommended model for …

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