The chart above graphs the 4 coincident economic indicators used by the Conference Board. The graph uses a base 100 methodology, using the end of the last recession as “100.”
Industrial production (green) is the weakest indicator. But the decline in oil production is the primary reason for the decline.
Real manufacturing and trade sales (in blue) increased at a sharper rate in the most recent release.
Payroll growth (in red) continues to grow solidly.
Although personal income less transfer payments (in purple) decreased slightly in the release, this is only 1 month of data what could easily be nothing more than statistical noise.
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