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Wednesday, April 14, 2004 12:10:50 PM
Chart of the Day
Today's chart, presents the ECRI leading index. The index is a composite of seven indicators chosen for their ability to signal both the beginning and the end of economic recessions. Over the past five decades, a downturn in the index of leading economic indicators has preceded the beginning of a recession by about 10 months; an upturn in the index has preceded the end of a recession by an average of 2 months. Where do we stand now? The index continues to move up strongly which suggests that the economy should continue to improve. Stay tuned...
Today's chart, presents the ECRI leading index. The index is a composite of seven indicators chosen for their ability to signal both the beginning and the end of economic recessions. Over the past five decades, a downturn in the index of leading economic indicators has preceded the beginning of a recession by about 10 months; an upturn in the index has preceded the end of a recession by an average of 2 months. Where do we stand now? The index continues to move up strongly which suggests that the economy should continue to improve. Stay tuned...
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