Business Cycle Index
The BCI at 262.0 is above last week’s downward revised 261.6, and remains below the previous high for this business cycle indicated by the BCIp of 98.5. However, the 6-month smoothed annualized growth BCIg at 11.4 is below last week’s 11.7.
Both BCIp and BCIg are not signaling a recession.
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