Business Cycle Index
The BCI at 234.7 is down from last week’s 246.3, and is below the previous high for this business cycle indicated by the BCIp of -70.0, well below the trigger that signals a recession. Also, the 6-month smoothed annualized growth BCIg at -0.1, just below the trigger line and BCIg also signals the recession ( last week’s BCIg was 4.4)
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