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Looking ahead to weak half-year earnings reports expected in the coming weeks, he said Monday, "It is said that the economy has hit bottom, but judging from the reality, there are still many bad indicators around, and corporate confidence remains weak".
But it's noticeable that there are still plenty of bearish indicators around.Take the volume of goods shipped by America's truckers.
They're still the best indicators around, but they have been tainted to some degree," he says.
But as economists struggle to make sense of the current recovery, the show may be among the best indicators around.
"Businesses need to be agile and flexible," says Manning. "In order to do this they need to understand what their core financial drivers are – there aren't many – and then build their key performance indicators around them".
"Then last year I started looking at the imagery – hyper-violent, hyper-sexual imagery with all the childlike pop culture indicators around them: the nail polish, the swimsuits, the puke, the donuts.
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But this year will be a very firm indicator around those targets set and where we are in terms of progression".Around £310m is being invested directly in Olympic and Paralympic sports in the four years to 2012, with a further £90m in investment into support programmes.
Some of the data is averaged over brief periods, in a process called filtering, to keep needles or other cockpit indicators from jumping around, the board said.
Mr. Warsh recently argued that the Fed should take at least some of its cue from stock prices and other financial indicators, which turn around earlier and more quickly than the underlying economy.
Described by colleagues as "a very focused man, a strong leader, who has the interests of children at heart", he has overseen the re-negotiation with the DfES of a complex raft of more than 400 performance indicators down to around 60, to make CEA's highly complicated contract more workable.
The early indicators are around course promotion and attendance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com