coincident indicator

American  

noun

1. an economic indicator, as gross national product, that typically fluctuates in correlation with the total economy.

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Example Sentences

None is consistently good as even a coincident indicator, much less a leading one.

From MarketWatch

Not surprisingly, given that none of these theories supports a solid coincident indicator for gold’s gyrations, they all fail as leading indicators as well.

From MarketWatch

Another way of putting this statistical result is that margin debt is an excellent coincident indicator of the stock market.

From MarketWatch

Tim Quinlan, a senior economist at Wells Fargo Securities in Charlotte, North Carolina, said it was counterintuitive for manufacturers to step up production while cutting payrolls and running down inventories, given that production is a coincident indicator for the economy.

From Reuters

Absent extenuating circumstances, any sharp and continuous movement in a coincident indicator will more than likely foreshadow a significant change, even if its implications aren’t immediately obvious.

From The New Yorker