Guidelines on Producing Leading, Composite and Sentiment Indicators

image of Guidelines on Producing Leading, Composite and Sentiment Indicators

Leading, composite and sentiment indicators offer a powerful way of communication of statistical information and reaching out to users of statistics. The indicators can provide relevant and timely information on aspects of the economy and the social society that are not covered by other statistics. They can also provide information on complex phenomena in simple and condensed form, for instance on the current or expected economic development or on the well-being or sense of happiness of the citizens. These Guidelines provide guidance to statistical offices on their possible roles in developing and producing leading, composite and sentiment indicators and give practical and operational guidance to statistical offices that produce or consider producing these indicators. Existing examples of good practice are also referenced.



Tendency surveys in Mexico

Economic tendency surveys have been part of the work programme of the National Institute of Statistics and Geography (INEGI) since 2003. The indicators produced based on the surveys provides timely and reliable information to users which support the analysis of the economic development. The indicators provide early signals about the economic development which can be used by decision makers. Particularly, the indicators have proved to be useful as tools to monitor trends and impacts for business cycle analysis. The Indicators are used by different groups of users: businesses, analysts, commercial banks, professional associations, policy makers and the media.


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