Economic indicators of Pakistan
Economic indicators can be classified into three categories according to their usual timing inrelation to the business cycle: leading indicators, lagging indicators, and coincident indicators
An economic indicator that changes before the economy has changed. Examples of leadingindicators include production workweek, building permits, unemployment insurance claims,money supply, inventory changes, and stock market return. Leading indicators foreshadow actualresults long before they show up in conventional business statistics.
Coincident indicators, change about the same time as the overall economy. An economicindicator which varies directly with and at the same time as, the related economic trend, thereby providing information about the current state of the economy. E.g. Number of employees onnon-agricultural payrolls, Personal income less transfer payments, Industrial production,manufacturing and trade sale, Average hours worked in manufacturing, Unemployment rate andGDP Growth rate.
Lagging indicators change after the overall economy, but these are of minimal use as predictivetools. An economic indicator that changes after the overall economy has changed; examplesinclude labor costs, business spending, the unemployment rate, the prime rate, outstanding bank loans, inventory book value and CPI (Consumer Price Index).