iM-Business Cycle Index
The Department of Labor changed their calculation method for the seasonally adjusted data (explained here) which manifests itself in a downward revision in the BCI. Both the BCIg and BCIw are signalling a recession.
The Department of Labor changed their calculation method for the seasonally adjusted data (explained here) which manifests itself in a downward revision in the BCI. Both the BCIg and BCIw are signalling a recession.