The Composite Index of Leading Economic Indicators: How to Make It More Timely. Robert H. McGuckin, Ataman Ozyildirim, Victor Zarnowitz. A major shortcoming of the U.S. leading index is that it does not use the most recent information for stock prices and yield spreads. The index methodology ignores these data in favor of a time-consistent set of components (i.e., all of the components must refer to the previous month).
Definition of transfigure. transfigured. ; transfiguring. transitive verb. : to give a new and typically exalted or spiritual appearance to : transform outwardly and usually for the better.
verb (used without object), transpired, transpiring. 1. to occur; happen; take place. 2. to emit or give off waste matter, watery vapor, etc., through the surface, as of the body or of leaves. 3. to escape, as moisture or odor, through or as if through pores.