BCI June 26, 2014

Business Cycle Index

BCI-6-26-14The BCI at 175.3 is up from last week’s downward revised 173.0. The BCIg, the smoothed annualized growth of BCI, at 18.2 is also up from last week’s downward revised 17.3.

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

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