Business: Key to the Future

One of the most important guideposts of the U.S. economy goes by the jawbreaking name of Diffusion Indexes of Business Indicators. The indexes, compiled by the National Bureau of Economic Research, are becoming widely used by major corporations and such top economists as Dr. Raymond J. Saulnier, head of the President's Council of Economic Advisers, and his predecessor, Arthur Burns, to predict the course of the economy. Last week the diffusion indexes gave a signal that the economy had about touched bottom.

Leaders & Laggards. The indexes use statistics from 21 different areas...

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