Business Cycle Index
![BCI-1-23-2020](https://imarketsignals.com/wp-content/uploads/2020/01/BCI-1-23-2020-100x100.png)
The BCI at 262.1 is up from last week’s 261.1, and is near the previous high for this business cycle indicated by the BCIp of 99.4. However, the 6-month smoothed annualized growth BCIg at 10.2 is below last week’s 10.4.
Both BCIp and BCIg are not signaling a recession.
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