18 April 2014: ECRI's WLI Growth Improvement Continues

April 25th, 2014
in econ_news, syndication

ECRI's WLI Growth Index continued its improvement cycle, remaining in positive territory. A positive number predicts positive growth to come within the next six months. ECRI also issued their lagging index today.

Follow up:

Current ECRI WLI Level and Growth Index

Please read The U.S. Business Cycle in the Context of the Yo-Yo Years which is an update on ECRI's recession call.

Here is this weeks update on ECRI's Weekly Leading Index (note - a positive number indicates growth):

Weekly Leading Index Unchanged

Growth in a weekly leading index designed to forecast U.S. economic activity continues to pick up steam.

According to the Economic Cycle Research Institute, its weekly leading index declined marginally - but the growth rate again strengthened from 3.9% to 4.1%.


ECRI produces a monthly issued Coincident index. The April update for March shows the rate of economic growth declining marginally AGAIN month-to-month - and is showing a clear decline in the rate of growth trend line. The current values:

U.S. Coincident Index

/images/z ecri_coin.png

ECRI produces a monthly inflation index - a positive number shows decreasing inflation pressure.

U.S. Future Inflation Gauge

/images/z ecri_infl.PNG

U.S. Future Inflation Gauge Dips

U.S. inflationary pressures were lower in March, as the U.S. future inflation gauge dipped to 103.1 from the revised February 104.4 reading, according to data released Friday morning by the Economic Cycle Research Institute. The February reading was initially reported as 104.1.

"With the dip in the USFIG pushing it further below its earlier highs, underlying inflation pressures remain restrained," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

ECRI produces a monthly Lagging index. The March economy's rate of growth (released on 25 April) improved this month but remains on a long term downward trendline.

U.S. Lagging Index

/images/z ecri_lag.PNG

source: ECRI


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