Just the facts...
| Baseline and Rate of Change (BaR) Analysis Grid© |
| The BaR Analysis Grid© clarifies current economic conditions and signals how near the economy is to a recession. The mean of coordinates (MoC) indicates the overall health of the economy. Leading indicators (LD) are a subset of indicators that provide insight into emerging trends. Click here to learn how to read the BaR grid. The BaR is updated on Thursday or Friday, depending on data release dates. |
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| Click on arrows to see how the current business cycle has progressed since 2019. |
| 2/26 Update: All four updated indicators had positive rates of change, resulting in small improvements in the MoC and leading indicators (LD). |
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| Data Updates: 2/22 to 2/26: CNFAI, weekly unemployment claims, STLFSI, and University of Michigan consumer sentiment (month end); 2/15 to 2/19: Private building permits, retail sales, industrial production, capacity utilization, weekly unemployment claims, STLFSI, and existing home sales; 2/8 to 2/12: NFIB small business optimism, nonfarm job openings, nonfarm hires, STLFSI, weekly unemployment claims, total vehicle sales, and University of Michigan consumer sentiment. 2/1 to 2/5: NACM credit managers' index, ISM manufacturing, ISM services, STLFSI, weekly unemployment claims, temporary employment, and yield curve. |
| Percent from Baseline: 3-Month and 1-Year Trends |
| Updated 2/28. To see previous tables go here. Next update 3/16. |
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| Current Business Cycle Rolling 3-Month Average through January 2021; Updated 2/28/21 (See other business cycles) |
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| The problem with putting two and two together is that sometimes you get four, and sometimes you get twenty-two.” ― Nick Charles, The Thin Man |
