Business Cycle Index:
The iM Business Cycle Indicator (BCI) is at 161.9 marginally up from last weeks revised 161.8.
BCIg fell to 11.7 from last week’s 12.8.
The derived off peak indicator BCIp at 50.3, which translated to the BCIw as an equivalent 27 weeks possible lead to a recession with a remote probability of a recession occurring. The BCIw is a weeks to recession indicator read more
The indicators show that is too early to make a recession call.