Private Business Equity
Proprietors' equity in noncorporate business at market value — illiquid wealth tied to small business
16.0$T
Trend YoY growth is +0.3%, slowing by 4 bps/month over the last 3Y. Latest: +1.0%, 70 bps above trend, a 0.4σ deviation. The latest YoY reading is depressed by 74 bps due to an tough comparison base from Jan 1.
Level
YoY %
y = 1.8% − 4 bps/mo · t
Deviation from trend