ECRI's Weekly Leading Indicator Growth Is Now Positive for w/e 24 August2012

August 31st, 2012
in econ_news, syndication

Current ECRI WLI Growth Index

Follow up:

A measure of future U.S. economic growth edged up in the latest week, while the annualized growth rate also rose, a research group said on Friday.  The Economic Cycle Research Institute, a New York-based  independent forecasting group, said its Weekly Leading Index  rose to 123.6 in the week ended Aug. 24 from 123.3 the prior week.  The index's annualized growth rate improved to +0.6 percent in the most recent week from -0.1 percent 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 has returned to positive territory - but still is very close to zero. The index is indicating the economy six month from today will be imperceptibly better than it is today.


source: ECRI


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