BCI July 31, 2014

Business Cycle Index

The BCI at 175.7 is down from last week’s downward revised 176.1. The BCIg, the smoothed annualized growth of BCI, at 19.0 is unchanged from last week’s downward revised level. These downward revisions are attributed to the Census Board revised figures for ‘New One Family Houses Sold’, which is one of the input data series to BCI.

However, BCI does not indicate a possible recession in the near future.

 

Posted in pmp BCI

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