{"id":253208,"date":"2024-08-10T19:27:49","date_gmt":"2024-08-10T19:27:49","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/10\/high-frequency-recession-indicators-econbrowser\/"},"modified":"2025-06-25T17:12:35","modified_gmt":"2025-06-25T17:12:35","slug":"high-frequency-recession-indicators-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/10\/high-frequency-recession-indicators-econbrowser\/","title":{"rendered":"High Frequency Recession Indicators | Econbrowser"},"content":{"rendered":"

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Lewis\/Mertens\/Stock and Baumeister\/Leiva-Leon\/Sims weekly indicators, and Torsten Slok\u2019s rundown.<\/p>\n

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Figure 1:<\/strong> Lewis\/Mertens\/Stock Weekly Economic Index (blue), and Baumeister\/Leiva-Leon\/Sims Weekly Economic Conditions Index for US plus 2% trend (tan), all y\/y growth rate in %. Source: NY Fed via FRED<\/a>,\u00a0WECI<\/a>, accessed 8\/10\/2024, and author\u2019s calculations.<\/em><\/p>\n

Growth by both indicators is around trend.<\/p>\n

What did these series look like for the period surrounding the 2008 recession (keeping in mind these are the current vintages, not the real time versions):<\/p>\n

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Figure 2:<\/strong> Lewis\/Mertens\/Stock Weekly Economic Index (blue), and Baumeister\/Leiva-Leon\/Sims Weekly Economic Conditions Index for US plus 2% trend (tan), all y\/y growth rate in %. Source: NY Fed via FRED<\/a>,\u00a0WECI<\/a>, accessed 8\/10\/2024, and author\u2019s calculations.<\/em><\/p>\n

So, comparing, it doesn\u2019t look very recessionary for data available as of 8\/3.<\/p>\n

As promised, here\u2019s Torsten\u2019s summary of his Daily and Weekly Indicators for the US Economy chartbook (released today):<\/p>\n

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