posted on 14 October 2016
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 29th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index.
Current ECRI WLI Level and Growth Index:
Here is this week's update on ECRI's Weekly Leading Index (note - a positive number indicates growth):
Comparison to RecessionAlert Weekly Indicator
RecessionAlert also produces a weekly foreward indicator using different pulse points tha ECRI's WLI. Here is a graph from dshort.com which compares the two indices. Both indices are showing nearly the same rate of growth.
ECRI produces a monthly coincident index - a positive number shows economic expansion. The August index value (issued in September) shows an insignificant decline in the rate of economic growth.
ECRI produces a monthly inflation index - a positive number shows increasing inflation pressure.
U.S. Future Inflation Gauge:
ECRI produces a monthly Lagging index. The August's economy's rate of growth (released in September) showed the rate of growth insignificantly declined.
U.S. Lagging Index:
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