– Indicators can also be categorized by directions. Pro-cyclical refers to movement in the same direction (e.g. GDP). Counter-cyclical movement is opposite the economy ( unemployment), while A-cyclical has little to no relationship with the business cycle i.e. they may rise or fall irrespective of the situation of the economy.
– Economists further combine indicators together to gauge their influence on each other.
– Image courtesy: thegazette.com