Leading Indicators System (LIS)                                    

The LIS aims to provide on a regular basis short-term forecasts on the direction and level of economic activities through a set of macro- economic indicators which move up or down ahead of total economic activity.

There are thirteen (13) identified leading indicators of economic activities and these are:

• money supply
• imports of consumer goods
• imports of capital goods
• number of new business incorporations
• electric energy consumption
• composite stock price index
• raw materials inventory
• sales inventory ratio
• consumer price index
• wholesale price index
• tourist arrivals
• hotel occupancy rate
• terms of trade index

The LIS provides planners and policy makers with a set of relevant economic indicators that give advance warning or periodic forecasts of the overall movement of the economy.