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U.S. Coincident Index Growth Rate Ticks Down

The U.S. Coincident Index (USCI) slipped to 170.5 in February. Year-over-year (yoy) growth in ECRI’s USCI, a broad measure of economic activity that includes GDP, employment, income and sales, has ticked down to 2.3% from 2.4%.

Over a year ago (US Essentials, January 2015) – contrary to the consensus that expected economic growth to improve even further as the year progressed – ECRI’s leading indexes foresaw a slowdown.

To put the state of the economy in perspective click here to watch Lakshman Achuthan in a recent interview with Reuters on the Fed and the business cycle.

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