Growth Conditions Index (GCONIX) Update

Growth Conditions Index (GCONIX) Update

While growth conditions deteriorated over the third quarter, they remain favorable. Our Growth Conditions Index (GCONIX) fell from a strong 60% favorable level at the end of June to 20% favorable as of the end of September. Three of the four sub-indexes fell, with Real Estate falling from a positive 33% to a negative 67% -a drop of 100 percentage points.

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