Econintersect‘s December 2011 economic index shows the underlying economic fundamentals have begun to improve. The forecast remains for weak but slowly improving economic growth.. As of 30 November 2011, there are no major recessionary elements in any of the coincident data. Historically accurate recession markers of Industrial Production and Employment remain strong – and well …
Tag Archives: contraction
November 2011 Economic Forecast Continues to Show Weakening Growth
Economic weakness continues in Econintersect‘s November 2011 economic forecast but the underlying economic fundamentals remain more positive than negative. As of 31October2011, there are no major recessionary elements in any of the coincident data. As detailed in Searching For a Recession, historically accurate recession markers of Industrial Production and Employment remain strong – and well …
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ECRI Calls Recession A Certainty – Our October 2011 Forecast Not Yet Recessionary
Our Economic Forecast is near contraction – but the last 2 months has shown marginally improving data. But ECRI has called a recession.
September 2011 Economic Forecast Shows Contraction
Econintersect is forecasting a slight contraction of the Main Street economy in September 2011. While continuing to expand in some areas, the economy is contracting in other areas. Where contraction is occurring, it is not severe in any one of our pulse points. But on the other hand, in the last two months, the total index has dropped over 1 point. This is much steeper than any other decline since the tracking point beginning in January 2000.
CMI: Consumer Contraction Continues to Soften
The Consumer Metric Institute’s Daily Growth Index has now moved well off the historically low bottom that it reached roughly a month ago.