Economic Leading Analytic Rose in May

America’s economic Leading Analytic, eLA™, “rose 0.8 percent in May, a thirteen-monthly increase in a row for what’s next in the economy,” said Professor Evangelos Otto Simos, editor-in-chief, in comments made in the latest issue of the United States Leading Indicators Digest™.

Four of the seven components – individually modeled – had a positive contribution to the aggregate U.S. leading barometer; May’s increase in economic Leading Analytic, eLA™, was led by a jump in technological change, commonly called productivity.

Applying probabilistic predictive intelligence to model the most likely future scenaria and detect the level of risk involved on the timing business decisions are made, “…probabilistic thinking visualizes in May 2021 an estimate of 0% (nil) probability for an economic downturn in the near future,” Simos added.

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