Weekly Indicators Of GDP Growth
Image Source: Pexels
The Lewis-Mertens-Stock/NY Fed measure for data through 5/24 is down to 1.88%, down from 2.79% on the week of Trump’s inauguration, down from peak of 3.07%, recording data before “Liberation Day”.
(Click on image to enlarge)
Figure 1: Weekly Economic Index (blue), and Baumeister, Leiva-Leon, Sims Weekly Economic Conditions Index plus 2% (tan), both annualized %. Source: NY Fed via FRED, Baumeister et al.
Hence, there’s been a noticeable deceleration in growth as measured by the WEI, not so much the Baumeister et al. index.
More By This Author:
Furniture Prices Up, Up And Away In AprilSome Stabilization In Economic Confidence
Imports From China, Foretold
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
