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BUL - Monthly Business Cycle Indicators: The Rebound Continues
Pacer US Cash Cows Growth
With the earlier rebound in industrial production, slightly accelerated growth in consumption, key indicators followed by the NBER BCDC look a little better than even a week ago.
Consumption has not grown this fast (0.7%) since March 2021, when m/m growth was 4.5% (not annualized, in log terms).
IHS Markit notes that consumption (along with trade and inventories data) together pushed the tracking estimate for Q4 from 4.9% to 6.8% (with other data pushing the tracking estimate to 7.4%).