Economic Leading Analytic Rose in March

Economic Leading Analytic Rose in March



America’s economic Leading Analytic, eLA™, “rose 1.3 percent in March, an eleventh monthly increase in a row for what’s next in the economy,” said Professor Evangelos Otto Simos, editor-in-chief, in comments made in the latest issue of the United States Leading Indicators Digest™.

America’s economic Leading Analytic, eLA™, “rose 1.3 percent in March, an eleventh monthly increase in a row for what’s next in the economy,” said Professor Evangelos Otto Simos, editor-in-chief, in comments made in the latest issue of the United States Leading Indicators Digest™.

Five of the seven components – individually modeled – had a positive contribution to the aggregate U.S. leading barometer, led by solid gains in consumer confidence and a jump in orders for manufactured goods.

Combined with current economic conditions, measured by U.S. monthly-GDP™, the economic Leading Analytic, eLA™, provides monthly predictions of the risk for future recessions. Visualization of this month’s findings from the econometric model display “the probability for an upcoming recession in the next six to nine months to stand at zero percent in March…”, Simos added.

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