US Economic Briefing: High Frequency Indicators

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Figure 43.
S&P 500 FORWARD EARNINGS & INDUSTRIAL PRODUCTION
(yearly percent change)
S&P 500 Forward Earnings*
US Industrial Production
80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
* 52-week forward consensus expected S&P 500 operating earnings per share. Monthly through March 1994, weekly thereafter. Time-weighted average
of current and next year’s consensus earnings estimates.
Source: Thomson Reuters I/B/E/S and Board of Governors of the Federal Reserve System.
Figure 44.
- US Profits Cycle -
S&P 500 FORWARD EARNINGS & INDEX OF AGGREGATE WEEKLY HOURS
(yearly percent change)
S&P 500 Forward Earnings*
Aggregate Hours
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80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
* 52-week forward consensus expected operating earnings. Monthly through March 1994, weekly thereafter.
Time-weighted average of current and next year’s consensus earnings estimates.
Source: Bureau of Labor Statistics and Thomson Reuters I/B/E/S.
Page 23 / April 11, 2013 / US Economic Briefing: High Frequency Indicators
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