Coincident index, monthly GDP and GDP+

Divergence between efficiency recorded primarily by labor market indicators (in February’s coincident index launched right this moment) and output-based indicators persists.

Determine 1: GDP+ (blue bars), month-to-month GDP (pink line) and coincident index (blue), all in logs 2021M11=0. GDP+ stage calculated by iterating progress charges over This autumn 2019 actual GDP. Purple dotted line in the course of the expanded Russian invasion of Ukraine. Supply: Philadelphia FedPhiladelphia Fed by way of FRED, S&P Market Intelligence and creator’s calculations.

This entry was posted on by Menzie Chinn.

#Coincident #index #month-to-month #GDP #GDP

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