Leading Indicators: anticipate the direction in which the economy is headed.
1. Stock prices
2. Housing permits
3. Inventory rations
Coincident Indicators: change as the economy moves from one phase of the business's cycle to another and tell economists that an upturn or a downturn in the economy has arrived.
1. Nonagricultural employment
2. Industrial production
3. Personal income
Lagging Indicators: change months after an upturn or a downturn in the economy has begun and help economists predict the duration of economic upturns or downturns.
1. Unemployment rate
2. Corporate profits
3. Labor cost per unit of output