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Coincident Indicators 
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)
      

The composite index of coincident indicators consists of four series that track employment, personal income, industrial production, and sales.  These series have historically reached peaks and troughs at roughly the same time as the economy.  The actual series used are:

1.  Employees on nonagricultural payrolls.

2.  Personal income minus transfers.

3.  Index of industrial production.

4.  ManufacEagle Tradersg trade sales.  The coincident indicators are clustered in three
     categories:  employment, production and income, and consumption.


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