ECRI's WLI Growth Index continues to show growth - remaining in positive territory and at a level again unchanged from the previous week. A positive number predicts economic expansion to come within the next six months.
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 Growth Unchanged
Growth in a weekly leading index designed to forecast U.S. economic activity continues to show expansion.
According to the Economic Cycle Research Institute, its weekly leading index was mixed. The growth rate was unchanged at 4.4% (originally released as 4.4%) - however, the level of the index improved marginally from 135.4 (originally released as 135.4) to 136.1.
ECRI produces a monthly issued Coincident index. The June update for May shows the rate of economic growth declining marginally month-to-month - and is now showing the rate of growth trend line within a narrow channel. The current values:
U.S. Coincident Index
ECRI produces a monthly inflation index - a positive number shows increasing inflation pressure.
U.S. Future Inflation Gauge
U.S. Future Inflation Gauge at 70-month High
ECRI’s U.S. Future Inflation Gauge (USFIG) rose again in June. The value of the USFIG lies in its ability to measure underlying inflationary pressures and thereby predict turning points in the U.S. inflation cycle.
"With the USFIG trending up and hitting a 70-month high in June, underlying inflation pressures have risen further."
ECRI produces a monthly Lagging index. The May economy's rate of growth (released in June) improved this month and remains on an upward trendline.
U.S. Lagging Index