The three types of indicators classified by the Department of Commerce are

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The Department of Commerce classifies indicators into three types: leading indicators, coincident indicators, and lagging indicators. These three types of indicators are based on their timing in relation to the business cycle. Leading indicators are those that tend to change before the economy as a whole changes. Coincident indicators are those that tend to move in line with the overall economy. Lagging indicators are those that tend to change after the economy as a whole changes.

The Three Types of Indicators Classified by the Department of Commerce