Most Important Variables When Forecasting Real GDP Search trends are very different between China (manufacturing industry) and the USA/Eurozone (consumer), when forecasting real GDP. Image: Arbor Research & Trading LLC
Cass Freight Shipments Index vs. U.S. GDP The Cass Freight Shipments Index is a relative good predictive indicator of the U.S. economy. It suggests a weakness in U.S. GDP in Q2 2019. The Cass Freight Index is a measure of monthly North American freight activity. You may also like “ISM Manufacturing Index vs. Cass Freight Index.”…
Which Country Has the Highest Density of Robot Workers? South Korea had 710 installed industrial robots per 10,000 employees in the manufacturing industry in 2017. When robots replace manual labor, the productivity and the quality of products increase dramatically. Robots increase labor productivity levels and won’t take all the jobs. Image: Statista
Are We Near a Recession? “The leading index for each state predicts the six-month growth rate of the state’s coincident index. In addition to the coincident index, the models include other variables that lead the economy: state-level housing permits (1 to 4 units), state initial unemployment insurance claims, delivery times from the Institute for Supply…