Brief Explanation Back to Blue World Economic Index®
The Blue World Economic Index® gives the business manager a quick and easy way to understand the current state of the economy as viewed through the eyes of other business owners, managers, and entrepreneurs as opposed to those of economists, brokerages or politicians.
The index follows over 50 economic releases each month from private and governmental sources. It accounts for the current report, the recent trend and the longer term trend. A discretionary value is assigned and the value calculated. The report values for each of the 8 major categories are distilled into a category composite which are then combined to yield the overall composite.
The index is a rolling data format and typically updated daily.
The index range is -2 to +2 where -2 suggests a very a weak, declining, recessionary economy and +2 suggests a robust and growing economy with 0 suggesting a flat, sluggish economy.
The 8 Major Categories: