
Simon Says: Receding Recession?
The Augusta Leading Economics Index has reversed its slide from the summer of 2022 to the end of the year. The latest data for February 2023 shows the index up 0.6 percent using a three-month moving average. The unadjusted change from January is much bigger at 1.9 percent. However, given the fall witnessed in the last two quarters of 2022, the index is below February 2022 levels. Residential building permits increased in both January and February suggesting improvement in the overall housing market, including suppliers such as lumber, masonry and







