Note: The CMI charts have been updated through October 26. The Growth Index is now at -5.93. Thus this consumption measure is still contracting but a bit less severely than earlier this month, when it hit a low of -6.13. The volatility of the underlying Weighted Composite Index precludes certainty about the direction of the Growth Index.
How does the current contraction compare with the Great Recession? See the Institute's October 5th commentary for a discussion.
To see the latest updates to my CMI chart series click here.
To see my latest running commentary on the CMI click here.
