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NY Fed Weekly Economic Index (WEI)

US
The NY Fed has released their Weekly Economic Index: ten daily and weekly indicators of real economic activity, scaled to align with the four-quarter GDP growth rate.
  • The rise in the WEI for the week of August 28 (relative to the second revision for the week of August 21) is due to increases in consumer confidence, retail sales, and steel production (relative to the same time last year).
  • Because the WEI measures changes over a 52-week period, the large positive reading also reflects the sharp deterioration in economic conditions during the same time last year.

NY Federal Reserve

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