Business Cycle Index:
Rev Aug 23: As today’s released New Residential Sales for July 2013 is 13.4% down from June, the largest reduction since the recovery of the 2008 recession, yesterdays BCI has been updated to take this downward turn into account
The BCI at 157.1 is down 1.3 from last weeks revised 158.4.
BCIg at 19.6 is down 0.4 from last revised weeks revised 20.0, BCIg peaked 11 weeks ago at 21.5
These movements are normal in the business cycle and no imminent recession is indicated.