{
  "rei": 13.2,
  "sub_indices": {
    "industrial": 19.5,
    "consumer": -12.3,
    "credit": 17.5,
    "liquidity": 44.2
  },
  "contributions": {
    "rail_carloads": -0.2,
    "industrial_production": 7.9,
    "truck_tonnage": 50.8,
    "real_retail": 0.7,
    "real_pce": -25.3,
    "cc_delinquency": 20.5,
    "auto_delinquency": 25.6,
    "sloos_tightening": 6.3,
    "real_m2": 12.6,
    "fed_assets": 94.1,
    "reverse_repo": 26.1
  },
  "coverage": "11/19 metrics",
  "zone": "Slow growth",
  "generated_at": "2026-06-18T19:53:56.427871+00:00",
  "notes": {},
  "detail": {
    "rail_carloads": {
      "label": "Rail freight carloads",
      "sub_index": "industrial",
      "score": -0.2,
      "asof": "2026-03-01"
    },
    "industrial_production": {
      "label": "Industrial production",
      "sub_index": "industrial",
      "score": 7.9,
      "asof": "2026-05-01"
    },
    "truck_tonnage": {
      "label": "Truck tonnage index",
      "sub_index": "industrial",
      "score": 50.8,
      "asof": "2026-03-01"
    },
    "real_retail": {
      "label": "Real retail & food-service sales",
      "sub_index": "consumer",
      "score": 0.7,
      "asof": "2026-05-01"
    },
    "real_pce": {
      "label": "Real personal consumption",
      "sub_index": "consumer",
      "score": -25.3,
      "asof": "2026-04-01"
    },
    "cc_delinquency": {
      "label": "Credit-card delinquency rate",
      "sub_index": "credit",
      "score": 20.5,
      "asof": "2026-01-01"
    },
    "auto_delinquency": {
      "label": "Auto/consumer loan delinquency",
      "sub_index": "credit",
      "score": 25.6,
      "asof": "2026-01-01"
    },
    "sloos_tightening": {
      "label": "Banks tightening C&I standards",
      "sub_index": "credit",
      "score": 6.3,
      "asof": "2026-04-01"
    },
    "real_m2": {
      "label": "Real M2 money supply",
      "sub_index": "liquidity",
      "score": 12.6,
      "asof": "2026-04-01"
    },
    "fed_assets": {
      "label": "Fed balance sheet (total assets)",
      "sub_index": "liquidity",
      "score": 94.1,
      "asof": "2026-06-10"
    },
    "reverse_repo": {
      "label": "Overnight reverse repo (drain)",
      "sub_index": "liquidity",
      "score": 26.1,
      "asof": "2026-06-18"
    }
  }
}