Growth

How fast is the economy growing — and how broadly?

Activity Pace (YoY)

The pace of real activity — industrial production and real GDP, year-over-year.

How INDPRO and GDPC1, cadence-aware YoY (12-month / 4-quarter).Source FRED (Federal Reserve, BEA)

macro_growth—

How to read Rising = the expansion is accelerating; falling toward zero = a slowdown; below zero = contraction.

Growth Breadth (CFNAI Diffusion)

How broad-based activity is right now — the share of the 85 underlying CFNAI indicators contributing positively.

How Chicago Fed CFNAI Diffusion Index (CFNAIDIFF), net positive-minus-negative absolute weights, range −1..+1.Formula (Σ|wᵢ| of indicators contributing + − Σ|wᵢ| of −/neutral) / Σ|wᵢ|Source FRED (Chicago Fed, Brave-Lichtenstein)

macro_diffusion—

How to read Above zero = the expansion is currently broad-based; below zero = narrow / contracting.

Natively described as 'often leading' — read it as present-state BREADTH ('activity is currently broad'), not a forecast of the next turn.

Growth Nowcast (Weekly Economic Index)

What already-released weekly data implies activity is tracking at right now, scaled to YoY GDP growth.

How NY Fed Weekly Economic Index (WEI, Lewis-Mertens-Stock) — 10 weekly series.Source FRED (NY Fed)

macro_nowcast—

How to read Read as 'activity is currently tracking ~X%'. A present-state estimate from data in hand.

A nowcast of the PRESENT from released data — NOT a forecast of a future GDP print.

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