Real Economy Index

Physical-velocity read — supply, demand, credit, liquidity
+13
Slow growth
-100 crash0+100 boom
Industrial
+20
Build & move
Consumer
-12
Real demand
Credit
+18
Can they afford it?
Liquidity
+44
Is the spigot open?

Component detail

MetricBucketScoreAs of
Real retail & food-service salesconsumer+12026-05-01
Real personal consumptionconsumer-252026-04-01
Credit-card delinquency ratecredit+202026-01-01
Auto/consumer loan delinquencycredit+262026-01-01
Banks tightening C&I standardscredit+62026-04-01
Rail freight carloadsindustrial-02026-03-01
Industrial productionindustrial+82026-05-01
Truck tonnage indexindustrial+512026-03-01
Real M2 money supplyliquidity+132026-04-01
Fed balance sheet (total assets)liquidity+942026-06-10
Overnight reverse repo (drain)liquidity+262026-06-18

How to read it

Each metric is scored by magnitude (z-score vs its own trailing trend, clipped to ±2), not a binary up/down. Rates (delinquencies) are scored on their year-over-year change; trending levels (rail, M2) on year-over-year growth. Buckets weight Industrial 30 / Consumer 30 / Credit 25 / Liquidity 15, renormalized over whatever metrics reported. v1 is FRED-sourced (11/19 metrics); company-filing bellwethers (Fastenal, Caterpillar, Walmart, Amazon, Capital One…) layer in next. Generated 2026-06-18. Not investment advice.