3 best leading indicators on the US Economy

According to Merrill Lynch “The most useful indicators in nowcasting are not the big macro numbers, but rather secondary indicators that are released in a very timely manner. Thus the top three indicators are all survey-based measures that are released before the end of the reference month they are measuring — the Philadelphia Fed Index, the preliminary UM sentiment index and the Chicago PMI. The mighty payroll report is only fifth on the list.” (VIEW LINK)

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