BCI Update 5-23-13

Business Cycle Index:

The BCI keeps on climbing, not only driven by the gains of the S&P 500; the continues unemployment dropped by a massive 112 thousand from last week’s upwards revised figure of 3.024 million to 2.912 million. A further positive economic trend is the quantity of new houses sold, 454 thousand estimated for April, which is up from the upward revised figure of 444, from 411 thousand of March.

These positive trends pushed the BCI to 155.0 and the BCIg to 20.3 (BCIg is the 6-month smoothed annualized growth of BCI and six added to it) For more information please visit the BCI page