Decision Analyst’s Economic Index U.S. Census Divisions November 2017
Arlington, Texas—The Economic Indices for the U.S. Census Divisions have increased in the past 12 months. The East North Central Census Division had the highest score in November 2017, with an Index of 118, while the West North Central Division and the Mountain Census Division each had a score of 117 each. The New England Census Division had the lowest Index at 112.
United States Economic Index
The Decision Analyst U.S. Economic Index stood at 116 in November 2017, a 1-point decrease from October 2017; however, the Index is 4 points above its November 2016 level. The past-12-month slope of the Economic Index indicates that the U.S. economy is likely to expand throughout the first half of 2018, and perhaps beyond. The Economic Index tends to lead U.S. economic activity by 6 to 12 months. Below is the past-10-year history of the U.S. Economic Index.
“The U.S. Economic Index is up 4 points over the past 12 months, an indication of moderate economic expansion and an indicator of continued GDP growth,” said Jerry W. Thomas, President/CEO of Decision Analyst. “The greatest risks to the U.S. economy in coming months, apart from political uncertainties in Washington, D.C., are ultra-low interest rates and the cumulative effects of quantitative easing. The vast floods of cheap money that the Federal Reserve has poured into the U.S. economy over the past 6 to 8 years has created a number of asset bubbles. Asset bubbles are difficult to see, and difficult to believe, when prices are rising and everyone is enjoying the party. Unfortunately, asset bubbles don’t last forever, and when they come crashing down, the drag on the overall economy can trigger a recession. The U.S. Economic Index points to continued GDP growth, but the risks are growing also,” said Thomas.
The division-by-division results are presented in the graphs below. Remember, the Census Division graphs portray 3-month moving averages.
*Census Division Three-Month Moving Average
The Index numbers for the census divisions are three-month moving averages to smooth out fluctuations due to smaller sample sizes. The reported Index number averages the current month with the two previous months.
The Decision Analyst Economic Index is based on a monthly online survey of several thousand households balanced by gender, age, and geography. The scientific survey is conducted in the last 10 days of each month. The Economic Index is calculated from 9 different economic measurements using a sophisticated econometric model. The result is a snapshot of coming economic activity in each country surveyed, as seen through the eyes of representative consumers living in the respective countries.
Decision Analyst conducts its concurrent economic surveys each month in Argentina, Australia, Brazil, Canada, Chile, Colombia, France, Germany, India, Italy, Mexico, Peru, the Russian Federation, Spain, United Kingdom, and the United States. Whenever the Decision Analyst Economic Index is greater than 110, it tends to signal an expanding economy. An Index value of 90 to 110 suggests a no-growth or slow-growth economy, and near or below 90 generally indicates economic contraction. These guidelines vary by country, however.
About Decision Analyst
Decision Analyst (www.decisionanalyst.com) is a global marketing research and analytical consulting firm specializing in strategy research, new product development, advertising testing, and advanced modeling for marketing decision optimization. For over 35 years, the firm has delivered competitive advantage to clients throughout the world in consumer packaged goods, telecommunications, retail, technology, medical, and automotive industries.
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Interactive Economic Index
Click on the map above to open Decision Analyst's Interactive Map for the United States and its nine census divisions.
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