For details on the BCI please refer to iM’s Business Cycle Index replaces ECRI’s WLI.
For description of the BCI in off-peak-mode (BCIp) Fig-2 please refer to BCIp (or BCI in Off-Peak-Mode): 20 Weeks lead to Recessions
For a description of BCIw please refer to iM’s BCIw: A Weeks to Recession Indicator
July 24, 2014
Business Cycle Index
The BCI at 179.2 is up from last week’s revised 178.5. The BCIg, the smoothed annualized growth of BCI, at 22.2 is also up from last week’s 21.6.
This week’s BCI does not signal a recession in the near future.
Below are the graphs for the period 1967 to 2013 (these are updated on a irregular basis. For the latest BCI, BCIg and BCIp please refer to above weekly update)