- 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.
- Although there were several changes this week, all time frames remain positive.
- Additionally, with regard to oil, other commodities, and shipping bottlenecks, this series did exactly what it was designed to do: i.e., give nearly real time notice of a change in trend weeks before major financial publications noticed it.
For further details see:
Weekly Indicators: Commodities And Shipping Backlog Edition