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Michael Patton Advising: High-Frequency Indicators: Where to Look for Signs of Recovery

Wednesday, April 7, 2021 @ 12:04 AM

Posted by exploreClarion

Michael-Patton-new-e1545260474797-1024x933CLARION, Pa. (EYT) – Michael Patton, of Patton Financial Advising, submitted the following article: High-Frequency Indicators: Where to Look for Signs of Recovery.

Since the pandemic began, disruptions in business activity have varied greatly from region to region, and often from one week to the next, according to the severity of local COVID-19 outbreaks. Unfortunately, many of the official government statistics used to gauge the health of the U.S. economy are backward-looking and somewhat delayed.

Changes in the nation’s gross domestic product (GDP) indicate the rate at which the economy is growing or shrinking, but the first GDP estimate is not published by the Bureau of Economic Analysis until about one month after each quarter ends. GDP increased at a 4.3% rate in the fourth quarter of 2020 but posted the worst annual decline (–3.5%) since 1946.(1)

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Patton Financial Advising
51 N. 4th Avenue
Clarion, PA 16214
814-226-9400

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Visit website: www.pattonadvising.com

Securities offered through Cetera Financial Specialists LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera entities are under separate ownership fhttps://www.exploreclarion.com/?p=353744rom any other entity.


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