I came upon another economic outlook index, this one titled “USA TODAY/IHS Global Insight Economic Outlook Index.” The link is found here:
The index is designed to predict real GDP growth and is a composite of 11 indicators.
Currently the chart shows a prediction for each month in 2010 up through June. The June 2010 value is 2.3%.
From the article accompanying the index graphic: “The USA TODAY/IHS Global Insight Economic Outlook Index shows moderating but firm growth in the first half of 2010 after a strong recovery in the second half of 2009.”
I’ll add this index to the other economic outlook indicators that I occasionally update. The last update was on January 11.
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SPX at 1089.19 as this post is written