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November 2020 Coincident Indices Generally Show Slowing Economic Conditions
The year-over-year
rate of growth of the majority of coincident indices improved relative to last month - but mostly remain in contraction. It should be obvious the economy entered a recession in March 2020 but likely exited in May or June. A recession ends when the economy starts improving.
Analyst Opinion of the Current Status of the Coincident Indicators
The reality is that most of the economic indicators have moderate to significant backward revision - and this month they are generally showing improved growth. Out of this group of coincident indicators discussed in this post, only ECRI, The New York Fed s Weekly Economic Indicator, and the Aruoba-Diebold-Scotti business conditions index have no backward revision - and are designed to track the economy in real-time.
9 & 10 News
Associated Press Michigan Daybook for Saturday, Dec. 19.
The daybook is for planning purposes only and is not intended for publication or broadcast. You should verify any event you plan to cover.
Please keep the AP in mind when news develops. The Detroit bureau is reachable at 313-259-0650. Send daybook items to michigan@applanner.com.
To see your Daybooks and events for Michigan and other States up to 12 months ahead, speak to your bureau or sales rep about access to AP Planner, or visit http://applanner.com. –
Weblinks: http://www.chicagofed.org, https://twitter.com/ChicagoFed
Contacts: Scott Brave, FRB Chicago, sbrave@frbchi.org, 1 312 322 5784