D6 Factor - August 2008

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About the D6 Factor
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D6 Factor
D6 Factor
Source: Federal Reserve Bank of Atlanta
Data and Analysis

D6 Factor

August 2008

In July, the D6 Factor was –4.7 percent on a year-over-year basis. (The historical trend growth rate is normalized to zero in the chart). While the D6 Factor has shown little change overall since April, no strong visual evidence exists that the downward trend in the series that started in early 2006 is ending. The current reading is a historic low and is more than 1 percentage point lower than the prior two cyclical troughs in May 1991 and November 2001.