D6 Factor - November 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

November 2008

The D6 Factor declined from –4.7 percent in September (on a year-over-year basis and normalized to an average value of zero) to –5.0 percent in October. In December 2007—the beginning of the current U.S. recession, according to the National Bureau of Economic Research—the D6 Factor dropped below its May 1991 and November 2001 cyclical troughs. Since December 2007, the factor has fallen a further 1.3 percentage points.