{"id":277889,"date":"2025-06-05T19:47:08","date_gmt":"2025-06-05T19:47:08","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/06\/05\/weekly-indicators-using-data-releases-thru-5-31\/"},"modified":"2025-06-25T17:08:11","modified_gmt":"2025-06-25T17:08:11","slug":"weekly-indicators-using-data-releases-thru-5-31","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/06\/05\/weekly-indicators-using-data-releases-thru-5-31\/","title":{"rendered":"Weekly Indicators using Data Releases thru 5\/31"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-56878\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>WEI continues to decline.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-56879\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46.png\" alt=\"\" width=\"1036\" height=\"604\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46.png 1036w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46-300x175.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46-1024x597.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46-768x448.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/weeklymacro46-624x364.png 624w\" sizes=\"(max-width: 1036px) 100vw, 1036px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong>\u00a0Weekly Economic Index (blue), and Baumeister, Leiva-Leon, Sims Weekly Economic Conditions Index plus 2% (tan), both annualized %. Source: NY Fed via FRED,\u00a0<a href=\"https:\/\/sites.google.com\/view\/weeklystateindexes\/dashboard\">Baumeister et al.<\/a><\/em><\/p>\n<p>I think that the tumult due to the on-off-on again tariffs provides a cautionary note about using past correlations to infer current conditions. Note that the Weekly Economic Index (Lewis-Mertens-Stock) jumps around \u201cLiberation Day\u201d; did this represent actual higher production sales? I think partly no, insofar as the weight on railroad freight is 0.3, and so part of the movement in WEI is due to front-loading imports and associated transport to stockpiles.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/06\/weekly-indicators-using-data-releases-thru-5-31\" title=\"11:16 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-06-05T11:16:13-07:00\">June 5, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/06\/weekly-indicators-using-data-releases-thru-5-31\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] WEI continues to decline. Figure 1:\u00a0Weekly Economic Index (blue), and Baumeister, Leiva-Leon, Sims Weekly Economic Conditions Index plus 2% (tan), both annualized %. Source:<\/p>\n","protected":false},"author":1,"featured_media":277890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/277889"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=277889"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/277889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/277890"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=277889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=277889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=277889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}