August 2021 Economic Leading Analytic Fell After Fifteen Advances

America’s economic Leading Analytic, eLA™, “fell 0.4 percent in August, after fifteen monthly advances in a row,” 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 predictive analytics that make up e‒forecasting.com’s leading economic barometer, eLA™, improved in August: Manufacturers’ New Orders; Stock Prices; Technological Change in Manufacturing; Foreign Demand; …”the three predictive analytics that had a negative or zero contribution to the America’s economic Leading Analytic, were: Consumer Expectations; Housing Activity; Interest Rate Spread; …”

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 August 2021 an estimate of 2% probability for an economic downturn in the near future,” Simos added.


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