economic indicator

economic indicator. A statistical measure (such as housing starts) used to describe the state of the economy or to predict its direction. See INDICATOR.

lagging economic indicator. An economic indicator (such as new-home sales) that tends to respond to the direction of the economy. — Often shortened to lagging indicator.

leading economic indicator. An economic indicator (such as interest rates) that tends to predict the future direction of the economy. — Often shortened to leading indicator.

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