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Brave-Butters-Kelley Indexes, January 2020
Indexes Point to Growth Below Trend Again in January

The Brave-Butters-Kelley (BBK) Coincident Index was –0.2 standard deviations from trend growth in January 2020, and the BBK Leading Index was 0.3 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 January and the cycle component was –0.4%. The leading subcomponent contributed 0.2% and the lagging subcomponent contributed –0.5% to the cycle component of BBK Monthly GDP Growth.

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