Mapping the pros: composite economic indicators – june 2017

In today’s post I’ll update the composite indicator heat map for June. See this post for an introduction to the composite indicators and the heat map. I’ll also introduce a new composite indicator based on the COMP system I introduced here.

Below is the composite indicator heat map as of Wednesday, May 31, 2017.

The composite indicator heat map is all green for this month. No imminent recession is signaled. This confirms what the more timely individual indicators and the COMP indicator are telling us. When the composite score exceeds 62 the scoreboard will flash yellow and when it exceeds 106 it will go red. The composite score hasn’t exceeded 40 since the beginning of 2016.

That’s it for this month. At the end of this week we get the first of the 6 individual indicators for next month. The employment report will be released on Friday, June 2, 2017.