12 September 2014: ECRI's WLI Improves Marginally

September 19th, 2014
in econ_news, syndication

ECRI's WLI Growth Index insignificantly improved - remains in positive territory - but still forecasting almost no growth within the next six months. ECRI released their coincident index also this week showing a slowing in the rate of economic growth, as well as their lagging index.

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 Growth Declines

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 declined marginally. The growth rate improved from 1.7% (originally published as 1.7%) to 2.1%  - and, the level of the index improved from 134.2 (originally released last week as 134.2) to 135.6.

ECRI produces a monthly issued Coincident index. The September update for August shows the rate of economic growth continuing to decline month-to-month:

U.S. Coincident Index

/images/z ecri_coin.png

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

U.S. Future Inflation Gauge

/images/z ecri_infl.PNG

Future Inflation Gauge Remains at 71-Month High

U.S. inflationary pressures were flat in August, as the U.S. future inflation gauge remained 106.9 from the unrevised July 106.9 reading, according to data released Friday morning by the Economic Cycle Research Institute.

"With the USFIG almost at a six-year high, underlying inflation pressures have clearly risen since last fall," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

ECRI produces a monthly Lagging index. The August's economy's rate of growth (released in September) improved.

U.S. Lagging Index

/images/z ecri_lag.PNG

source: ECRI

 









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