Consumer Metrics Institute Growth Index Update: Signaling Red Alert?
Doug Short submits: Note from dshort: The index data is now updated through August 18th. The Growth Index continues to fall, even though the highly volatile underlying Weekly Composite Index is up 3.2% from the interim low on August 1st. For the past several months, the Consumer Metrics Institute's Daily Growth Index has been one of the most interesting data series I follow, and I recommend bookmarking the Institute's website. Their page of frequently asked questions is an excellent introduction to the service. The charts below focus on the "Trailing Quarter" Growth Index, which is computed as a 91-day moving average for the year-over-year growth/contraction of the Weighted Composite Index, an index that tracks near real-time consumer behavior in a wide range of consumption categories. The Growth Index is a calculated metric that smooths the volatility and gives a better sense of expansions and contractions in consumption.Complete Story »