Key leading indicators already pointing to US recession. The top 3 indicators looked by economist on economic activities
are
1) PMI (Purchasing Managers’ Index of manufacturing firms)
2) NMI (Non-manufacturing PMI of services firms)

3) Consumer Confidence.

Both PMI and NMI show the % of firms stating the economy are getting better, minus the % sayings things are getting worse. The current PMI is worrying – pointing to more slower economy activity and below last year’s level and falling fast. In June 2012, both PMI and NMI are below 50 and consumer confidence is also falling fast.