- High frequency indicators can give us a nearly up-to-the-moment view of the economy.
- The metrics are divided into long leading, short leading, and coincident indicators.
- The short leading indicators continue to show changing conditions, as temporary staffing has turned positive for the first time since last March.
- Additionally, all types of commodities, including but not limited to oil and industrial commodities, are now strongly higher YoY.
- The production side of the economy remains very solid despite the effects on some sectors of consumer behavior due to layoffs.
For further details see:
Weekly High Frequency Indicators: Commodities Soar, Temporary Staffing Turns Positive For The First Time Since The Pandemic Hit