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
March 6, 2014
Business Cycle Index:
With the S&P 500 rallying to new highs and the decrease in the Continued Claims (Insured Unemployment), as reported by the DOL today, result in the BCI rising to a new all-time high of 166.9 for this business cycle. BCIg at 15.2 is also up from last week’s upward revised 14.6. This week’s BCI is indicates a growing economy.
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)