Economic Insights – August 2018

The first estimate of second quarter 2018 GDP growth came in at 4.1 percent! That’s the best quarterly reading since 2014. And, based on recent experience, we expect that number to be revised up, perhaps to over 5 percent.

The Leading-Coincident Indicator ratio is still rising. As a chert in the printable issue of Business Briefings shows, that’s a very strong indicator that we are nowhere near entering a recession.

The Markit Flash Composite Output Index was at 55.9 in July. As Chris Williamson, Chief Business Economist at IHS .....