posted on 23 December 2016
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 39th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. Also ECRI released their coincident and lagging indices this past week.
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 November index value (issued in December) shows a small 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 November economy's rate of growth (released in December) showed the rate of growth marginally declined.
U.S. Lagging Index:
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