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GDP-Based Recession Indicator Index (JHGDPBRINDX)

Observation:

Q2 2017: 3.30000  
Updated: Oct 27, 2017

Units:

Percentage Points,
Not Seasonally Adjusted

Frequency:

Quarterly
1Y | 5Y | 10Y | Max
  EDIT BAR 1
(a) GDP-Based Recession Indicator Index, Percentage Points, Not Seasonally Adjusted (JHGDPBRINDX)
This index measures the probability that the U.S. economy was in a recession during the indicated quarter. It is based on a mathematical description of the way that recessions differ from expansions. The index corresponds to the probability (measured in percent) that the underlying true economic regime is one of recession based on the available data. Whereas the NBER business cycle dates are based on a subjective assessment of a variety of indicators that may not be released until several years after the event, this index is entirely mechanical, is based solely on currently available GDP data and is reported every quarter. Due to the possibility of data revisions and the challenges in accurately identifying the business cycle phase, the index is calculated for the quarter just preceding the most recently available GDP numbers. Once the index is calculated for that quarter, it is never subsequently revised. The value at every date was inferred using only data that were available one quarter after that date and as those data were reported at the time.

If the value of the index rises above 67% that is a historically reliable indicator that the economy has entered a recession. Once this threshold has been passed, if it falls below 33% that is a reliable indicator that the recession is over.

For more information about this series visit http://econbrowser.com/recession-index.

GDP-Based Recession Indicator Index

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  EDIT BAR 2
(a) GDP-Based Recession Indicator Index, Percentage Points, Not Seasonally Adjusted (JHGDPBRINDX)
This index measures the probability that the U.S. economy was in a recession during the indicated quarter. It is based on a mathematical description of the way that recessions differ from expansions. The index corresponds to the probability (measured in percent) that the underlying true economic regime is one of recession based on the available data. Whereas the NBER business cycle dates are based on a subjective assessment of a variety of indicators that may not be released until several years after the event, this index is entirely mechanical, is based solely on currently available GDP data and is reported every quarter. Due to the possibility of data revisions and the challenges in accurately identifying the business cycle phase, the index is calculated for the quarter just preceding the most recently available GDP numbers. Once the index is calculated for that quarter, it is never subsequently revised. The value at every date was inferred using only data that were available one quarter after that date and as those data were reported at the time.

If the value of the index rises above 67% that is a historically reliable indicator that the economy has entered a recession. Once this threshold has been passed, if it falls below 33% that is a reliable indicator that the recession is over.

For more information about this series visit http://econbrowser.com/recession-index.

GDP-Based Recession Indicator Index

Select a date that will equal 100 for your custom index:
to

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
Need help? []

Finally, you can change the units of your new series.

Select a date that will equal 100 for your custom index:

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Log scale:

NOTES
Title Release Dates

2016-01-29 2017-10-27
 
Source    

2016-01-29 2017-10-27
 
Release    

2016-01-29 2017-10-27
 
Units    

2016-01-29 2017-10-27
 
Frequency    

2016-01-29 2017-10-27
 
Seasonal Adjustment    

2016-01-29 2017-10-27
 
Notes    

2016-01-29 2017-10-27
RELEASE TABLES





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Updating graph.

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