Business Cycle Index
![BCI-7-25-2019](https://imarketsignals.com/wp-content/uploads/2019/07/BCI-7-25-2019-100x100.png)
The BCI at 254.1 is up from last week’s downward revised 253.9, and remains below the previous high of this business cycle indicated by the BCIp of 73.5. However, the 6-month smoothed annualized growth BCIg at 8.7 is below last week’s 9.0.
Both BCIp and BCIg are not signaling a recession.
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