The Brave-Butters-Kelley (BBK) Coincident Index was –0.4 standard deviations from trend growth in September 2019, and the BBK Leading Index was 0.1 standard deviations from trend growth. In annualized real gross domestic product (GDP) units, BBK Monthly GDP Growth was 1.6% in September. The trend component contributed 2.4%, the cycle component contributed –0.9%, and the irregular component contributed 0.1%. The leading subcomponent contributed 0.0% and the lagging subcomponent contributed –0.9% to the cycle component of BBK Monthly GDP Growth.
Brave-Butters-Kelley Indexes,
September
2019
Indexes Point to Growth Moderately Below Trend in September