🌐 Global Economy 5d ago · Menzie Chinn

Business Cycle Indicators – Data before the War

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Business Cycle Indicators – Data before the War
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Monthly GDP, retail sales, ADP employment, freight services index…

NBER BCDC key measures:

Figure 1: Nonfarm payroll (NFP) employment preliminary benchmark revision (thin blue), NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in Ch.2017$ (black), and monthly GDP in Ch.2017$ (pink),GDP (blue bars),  all log

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