The data through February were unlikely to have been affected much by the Covid-19 outbreak. Economic data for March will be incorporated in the next BBKI released on May 4, 2020.

The Brave-Butters-Kelley (BBK) Coincident Index was 0.0 standard deviations from trend growth in February 2020, and the BBK Leading Index was 0.2 standard deviations from trend growth. In annualized real gross domestic product (GDP) units, the trend component of BBK Monthly GDP Growth was 2.4% in February and the cycle component was 0.0%. The leading subcomponent contributed 0.1% and the lagging subcomponent contributed –0.1% to the cycle component of BBK Monthly GDP Growth.