Blue World Economic Index™
Released Monday, February 01, 2016 for January 2016
January was not a very good month for the economy according to the Blue World Economic Index™ which posted its worst showing since we began publishing it publicly in 2014.
The composite index came in at -.32 with deterioration in all but two (Employment and General) major categories. Manufacturing continues to get thumped and is the most notable negative at -.91, a reading we have not seen since the inception of the index.
While there is food for both hawks and doves in the individual reports, overall we are showing an economy that was, in our opinion, not ready for the rate hike and certainly not ready for more. There is, of course, a growing chorus of voices joining our assessment in the financial media. Let’s hope for a better February.
Watch for the Blue World Jobs Report Analysis which will be out this Friday.