Can You Measure Positivity? Because it is up!
June 2, 2009 by admin
Filed under Positive Real Estate
The Dow Jones Economic Sentiment Indicator (ESI) continued a trend of modest improvement in May rising to 29, up from 27.6 in April.
While the ESI is up nearly seven points from its all-time low of 22.2 in November of last year, the figure for May is still significantly lower than one year ago, indicating that the U.S. economy has not yet worked through the current recession. Introduced in April 2009, the ESI has been back-tested to 1990, allowing a detailed retrospective look at the indicator’s propensity for anticipating changes in the U.S. economy.
“The ESI has tended to reflect more caution about the economy than other leading indicators,” Dow Jones Newswires “Money Talks” columnist Alen Mattich said. “The May increase leads me to believe that while the economy may have bottomed out, we still have a way to go before we can comfortably say we’re moving out of this deep recession.”
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