The Economic Indicators, those measures used to judge the economy and published regularly, are all wrong.
They are quite right for the last century of the Industrial Age but totally meaningless - - and more importantly misleading - - for the 21st century.
This happened 100 years ago as well. All the leading indicators were farm related - - corn, oats, beets. No, not taken together, they were Separate economic indicators. And like today, not helpful for the emerging Industrial Age of the 20th Century.
Here's the Economic Indicators The New York Times publishes:
1.Industrial Production.
We are now in an intangible economy, where the critical 'goods' are all intangible. Industrial production, like farming, is still part of the economy, but no way is it an economic indicator. "Oh no, oats is down. Whatever shall we do?" 
2.Consumer Confidence.
Maybe this is still important. It was not an economic measure 100 years ago. I'll say wait-and-see on this one.
3.Inventory-Sales Ratio
There is NO inventory in an intangible economy!
4.Leading Indicators
Well, if the indicators used for the Leading Indicators are wrong, guess the reliability of the Leading Indicators.
5.New Home Sales
Apartment sales were up 28% last month, single family home sales down 0.9%. Gen Y is moving into apts and condo's. Does this indicator measure that?
We have to have new Economic Indicators for the intangible economy of the 21st century to have any idea how well we are doing. Right now the economists are flying blind.