Indiana Business Research Center

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BBKI indicates economic activity declines in January

The latest release of the Brave-Butters-Kelley Indexes (BBKI) has the coincident indicator at -0.7 for January, declining from our estimate for December of -0.3. This reading suggests the economy entered the first month of 2024 below trend, which our model estimates to be near 2.8%. This read in part reflects the modest decline in industrial production, a decline in housing starts, and a modest decrease in capacity utilization in January.    

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