PDF version of charts and data references.
NOTE: The charts plot four main economic indicators similar to those tracked by
the NBER dating committee for the U.S.; each series is indexed to 100 at the business cycle peak. The red line indicates
the current recession.
The solid blue line indicates the average of the previous seven
recessions, starting with the April 1977 peak. The two dashed lines report the highest and lowest values recorded across these previous recessions.
The data and recession dates used in the charts are from the Organisation for Economic Co-Operation and Development (OECD). The following data series
are used to create the charts above:
- Industrial Production
- Industry Excluding Construction
- Real Compensation
- Compensation of Employees
- deflated by the Price Index for Private Consumption
- Civilian Employment
- Real Retail Sales
- Value of Retail Sales
- deflated by the Consumer Price Index: All Items1
1 Seasonally adjusted by the Federal Reserve Bank of St. Louis.
SOURCE: Main Economic Indicators and Quarterly National Accounts, © Organisation for Economic Co-Operation and Development (OECD),