BCI July 3, 2014

Business Cycle Index

7-3-BCIThe BCI at 176.5 is up from last week’s 175.3. The BCIg, the smoothed annualized growth of BCI, at 19.2 is also up from last week’s 18.2.

The sharp increase of the BCI is mostly attributable to the sales of new single-family houses, which at a seasonally adjusted annual rate for May was 18.6% above the April rate, according to the US Census Bureau.

This week’s BCI does not signal a recession in the near future.

Posted in pmp BCI

Leave a Reply

With reference to Section 202(a)(11)(D) of the Investment Advisers Act: We are Engineers and not Investment Advisers, read more ...
By the mere act of reading this page and navigating this site you acknowledge, agree to, and abide by the Terms of Use / Disclaimer