ECRI's Weekly Leading Indicator Growth Gains for w/e 27July2012

August 3rd, 2012
in econ_news, syndication

Current ECRI WLI Growth Index

Follow up:

Economic Cycle Research Institute said its Weekly Leading Index  fell to 122.2 in the week ended July 27 from 122.7 the previous  week. That was originally reported as 122.8.  The index's annualized growth rate rose to a nine-week high of minus 1.3% from a minus 1.7% (originally reported at 1.6%) a week earlier.

ECRI stated in September 2011 a recession was coming, and now says a recession is already underway. The size and depth is unknown. A positive result is this pronouncement has caused much debate in economic cyberspace.

The ECRI WLI index value remains in negative territory - but this week is again "less bad". The index is indicating the economy six month from today will be slightly worse than it is today. As shown on the graph below, this is not the first time since the end of the Great Recession that the WLI has been in negative territory, however the improvement from the troughs has been growing less good.


source: ECRI


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved