Summary of Current Indicators
Economic Activity	Description of Indicator	Type of Indicator	Web Site or Data Source
Investment	1. Aggregate investment as	Coincident	http://www.bea.gov
See Figure 5.1 in text	recorder in the NIPA tables.		go to National Income and Product Accounts Tables and
	Focus on equipment and		Table 1.1 Gross Domestic Product
	software category as this
	is the most cyclical.
	Unfortunately, this data is
	only available quarterly.
	2. New Orders for Non-Defense	Leading	http://www.census.gov/indicator/www/m3/hist/naichist.htm
	Capital Goods excluding
	aircraft.  This data on mfgrs'
	shipments, inventories and
	orders is availbale monthly.
Unemployment	The unemployment number	Lagging	http://www.bls.gov
See Figure 6.3 in text	is computed from the monthly		http://research.stlouisfed.org/fred
	Household Survey and is a
	somewhat unreliable number
	since it depends on the growth
	rate of the workforce.  There is
	another labor indicator that
	may be used, Additions to Non-
	Farm Payrolls, that comes from
	the Establishment Survey.
Profits	Non-Financial with IVA and CCA	Leading	Quarterly Table 6.16B Corporate Profits by Industry at
See Figure 5.4 in text	Adjustments		http://www.bea.gov
	Profits move up sharply in early		go to National Income and Product Accounts Tables and
	Recovery.		then Index of Key Words (corporate profits).
Productivity	Output per Hour - Non-Farm	Leading	http://www.bls.gov/lpc
See Figure 6.2 in text	Business, % Change Year Ago
	or % Change Quarter Ago.
	Productivity rises sharply in
	segment 1 and falls in segment 5.
Capacity Utilization	% Capacity Utilization	Coincident	http://research.stlouisfed.org/fred
See Figure 6.3 in text	very pro-cyclical.		in Business and Fiscal section.
PPI-CPI Ratio	PPI Crude Materials, PPI	Coincident	http://research.stlouisfed.org/fred
See Figure 5.7 in text	Intermediate Materials and CPI
	are indexes.  After adding PPI
	Crude and PPI-Interm., then divide
	by same value 12 months ago
	(yty) and divide by CPI (which has
	also been coverted to yty format).