The Bureau of Transportation Statistics (BTS) freight Transportation Services Index (TSI) showed a decline a full year and a half prior to the start of the current recession. This downturn suggests the TSI may prove particularly useful as an indicator of economic downturns. Leading economic indicators identify and anticipate emerging turns in the current business cycle by historically turning downward before a recession or a slowdown in the economy and upward before an expansion or acceleration. According to BTS research, over the past three decades the freight TSI led slowdowns in the economy by an average of 4-5 months.
Freight Transportation Services Index as a Leading Economic Indicator. Transportation Trends in Focus
2009
2 pages
Report
Keine Angabe
Englisch
Transportation & Traffic Planning , Transportation , Domestic Commerce, Marketing, & Economics , Cargo transportation , Transportation systems , Economic indicators , Indexes(Ratios) , Business cycles , Recessions , Economic analysis , Passenger transportation , Trends , Statistical data , Transportation Services Index(TSI)
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