27 July 2018: ECRI’s WLI Growth Rate Index Improved Insignificantly

ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI released their inflation index this week also.

Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth):

Weekly Leading Index Virtually Unchanged

ECRI’s U.S. Weekly Leading Index (WLI) was virtually unchanged at 147.8, while the WLI growth rate ticked up to 1.0% from 0.8%.

For more on the cyclical outlook, please see below for other forward-looking ECRI data shared publicly:

– watch ECRI’s Lakshman Achuthan in a talk with CNBC

For a closer look at the WLI’s performance, please see the chart below:

Click here to review ECRI’s recent track record.

For more information on ECRI professional services please contact us.

Coincident Index:

ECRI produces a monthly coincident index – a positive number shows economic expansion. The June index value (issued in July) shows the rate of economic growth marginally slowed.

z ecri_coin.png

ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures declined in July.

U.S. Future Inflation Gauge:.

z ecri_infl.PNG

ECRI produces a monthly Lagging index. The June economy’s rate of growth (released in July) showed the rate of growth significantly slowed.

U.S. Lagging Index:

z ecri_lag.PNG

source: ECRI

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