Business Cycle Index:
For the ninth consecutive week BCIg registers 100.0, meaning BCI was a new high in this business cycle for these weeks. Will this growth continue? BCIg seems to signal otherwise it is marginally down from last week indicating a peak may have formed. The increase in BCI is attributed to further consistant decreases in the continues unemployed insurance claims.
With BCI at 155.8 and BCIg at 20.9 no sign of a recessionary trend is indicated
Leave a Reply
You must be logged in to post a comment.