The Philly Fed ADS Business Conditions Index
From dshort.com - Advisor Perspectives
November 26, 2012 - 3:04pm
Nov 26, 2012 Doug Short Note from dshort: Several months have passed since my last look at this kissing cousin of the Chicago Fed's National Activity Index, which I reported on earlier this morning. It's time for another look.The Philly Fed's Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, which covers eastern Pennsylvania, southern New Jersey, and Delaware.More...
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