OUTLOOK: The Strongest Signal of an Upturn

Using a new statistical telescope, Government economists peered into the future of the economy last week and found the strongest evidence yet that the long-awaited recovery should begin soon, perhaps even this month. They published for the first time a drastically revised index of twelve leading indicators—measures of economic activity that tend to turn up or down ahead of the general economy—calculated back to 1948. Result: after dropping for eleven straight months, the index rose 1% in March and 4.2% in April; the April increase was the largest on record. Looking back over their calculations, the statisticians found that in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!