Business Cycle Index:
The BCI gained on a strong market and continued improvements, i.e. reductions, in the continues unemployment claims. The BCI stands at 160.9 it is up 0.8 from last weeks revised 160.1
The BCIg, the 6-month smoothed annualized growth rate plus six, remained steady at 18.3
BCIg at a level of zero signals a recession, thus no recession is imminent.
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