A new economic indicator created by Assumption College economics professor Thomas White provides another tool for following the Worcester-area economy.
The economic indicator, shown to lead US business cycles by an average of eight months at cycle peaks, increased 0.1% over July on a three-month moving average (3MMA) basis, marking its fourth consecutive monthly gain.
Summary: Global demand, the most significant economic indicator, was the first casualty of the economic downturn that had spread out of the US to the world in September 2008.
The fact that Baby Boomers are now in their 40's to 60's in itself poses a strong economic indicator for future home sales will benefit from this increased demand.
NACM's Credit Manager's Index (CMI) is the only business economic indicator that tracks the rate of slowing payments by customers, and deductions; and is gaining national media attention!
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