The men's underwear index is an informal economic indicator holding that patterns in men's underwear purchases reveal broader economic trends, on the reasoning that underwear is a necessity bought at a stable rate in normal times but becomes a deferrable purchase during a severe downturn, so a drop and later recovery in sales can signal the state of the economic cycle. Former Federal Reserve chairman Alan Greenspan is credited as a notable follower of the indicator. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Sources
Wikipedia: Men's underwear index
Lead paragraph, first sentence defining the index
The men's underwear index (MUI) is an economic index that can supposedly detect the beginnings of a recovery during an economic slump.
In Group: Informal and Humorous Sentiment Indicators, Lead
The men's underwear index (MUI) is an economic index that can supposedly detect the beginnings of a recovery during an economic slump.
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