ARKK - Business Conditions Monthly February 2024

2024-04-20 03:00:00 ET

Summary

• The Leading Indicator, at 75, suggests a sustained level of moderate growth, maintaining a consistent trend within the range of above-neutral performance observed over the past year.
• The Lagging Indicator suggests moderate contraction, continuing a pattern of sizable fluctuations from month to month.
• The March industrial production report presented an upside surprise, exceeding initial expectations.

By Peter C. Earle

In February 2023, the AIER Business Conditions Monthly demonstrated divergent signals yet again. The Leading Indicator rose from 67 to 75 with the Roughly Coincident Indicator spending a fourth month at the 75 level. The Lagging Indicator, which dropped to 0 in December 2023 before rebounding to 50 in January, fell back again to 33....

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