U.S. Heavy Truck Sales and Recessions U.S. heavy truck sales fell in August to 501K (annualized). Before recessions, heavy trucks sales tend to peak and then decline, providing insights into the overall health of the U.S. economy as a leading economic indicator. Click the Image to Enlarge
U.S. New Heavy Truck Sales Lead U.S. Unemployment Rate Chart suggesting that U.S. new heavy truck sales lead the U.S. unemployment rate by 7 months. Image: Pictet Wealth Management
Heavy Truck Sales as Recession Indicator Historically, before recessions, heavy truck sales tend to peak (red arrow) and then decline (black arrow). Currently, heavy truck sales have a nice upward slope and show no sign of peaking. So, it suggests that there is no imminent recession on the horizon. You may also like “U.S. Heavy…