California State Leading Economic Indicators by e-forecasting.com
California Leading Economic Indicators by e-forecasting.com
The Golden State’s Early Bird of Business
Launched by e-forecasting in 2005, the California Leading Economic Indicator (LEI) is a composite index
made from a basket of selected statistics that historically are closely related to future economic conditions in the state of California. Like the national index, the California Leading Economic
Indicator is designed to foreshadow state key numbers of
economic activity such as sales, jobs and production six to nine
months ahead of their availability.
The California Leading
Economic Indicator offers the analysts of the state economy a
historically proven forward-looking tool to forecast the state’s
near-term economic and business conditions. The California early
warning composite indicator captures activities from several
markets that tend to change direction before the state economy
does:
Construction industry
Labor market
Consumers expectations
Technology advancements
Financial markets, short-term and long-term cost of
financing